Equities research analysts predict that Ameresco Inc (NYSE:AMRC) will announce sales of $197.59 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Ameresco’s earnings. The lowest sales estimate is $195.80 million and the highest is $200.00 million. Ameresco posted sales of $196.98 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.3%. The company is scheduled to report its next quarterly earnings report on Tuesday, August 6th.
On average, analysts expect that Ameresco will report full-year sales of $855.40 million for the current fiscal year, with estimates ranging from $850.39 million to $858.00 million. For the next financial year, analysts forecast that the business will post sales of $904.50 million, with estimates ranging from $900.00 million to $909.70 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Ameresco.
Ameresco (NYSE:AMRC) last posted its earnings results on Tuesday, April 30th. The utilities provider reported $0.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.02. Ameresco had a return on equity of 8.44% and a net margin of 4.57%. The company had revenue of $150.10 million during the quarter, compared to the consensus estimate of $150.29 million. During the same quarter last year, the firm earned $0.16 earnings per share. The company’s revenue was down 10.3% on a year-over-year basis.
A number of research analysts recently commented on AMRC shares. B. Riley reaffirmed a “buy” rating and issued a $19.00 price target on shares of Ameresco in a research note on Thursday, March 14th. Canaccord Genuity boosted their price target on Ameresco from $16.50 to $19.50 and gave the company a “buy” rating in a research note on Thursday, March 7th. Roth Capital raised Ameresco from a “neutral” rating to a “buy” rating and boosted their price target for the company from $16.00 to $19.00 in a research note on Monday, March 4th. Finally, Zacks Investment Research raised Ameresco from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Friday, April 19th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Ameresco currently has a consensus rating of “Buy” and an average price target of $18.50.
In other Ameresco news, Director Nickolas Stavropoulos bought 4,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were purchased at an average price of $15.19 per share, for a total transaction of $60,760.00. Following the completion of the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $60,760. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David J. Corrsin sold 42,982 shares of Ameresco stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $16.52, for a total value of $710,062.64. Following the completion of the transaction, the executive vice president now owns 1,053,338 shares in the company, valued at approximately $17,401,143.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,046 shares of company stock valued at $1,503,864. 57.93% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA grew its position in Ameresco by 508.8% in the first quarter. BNP Paribas Arbitrage SA now owns 3,945 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 3,297 shares during the last quarter. Meeder Asset Management Inc. grew its position in Ameresco by 134.0% in the first quarter. Meeder Asset Management Inc. now owns 4,205 shares of the utilities provider’s stock valued at $68,000 after acquiring an additional 2,408 shares during the last quarter. Advisor Group Inc. bought a new position in Ameresco in the fourth quarter valued at about $75,000. Metropolitan Life Insurance Co. NY bought a new position in Ameresco in the fourth quarter valued at about $99,000. Finally, MetLife Investment Advisors LLC bought a new position in Ameresco in the fourth quarter valued at about $136,000. Hedge funds and other institutional investors own 28.92% of the company’s stock.
Shares of AMRC traded up $0.17 during midday trading on Wednesday, reaching $14.73. 463,711 shares of the stock were exchanged, compared to its average volume of 123,497. Ameresco has a twelve month low of $11.73 and a twelve month high of $18.05. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $713.96 million, a P/E ratio of 18.19, a P/E/G ratio of 1.07 and a beta of 0.56. The firm has a 50 day moving average of $14.78.
Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.
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