Ameresco (NYSE:AMRC) Posts Earnings Results, Misses Expectations By $0.15 EPS

Ameresco (NYSE:AMRC) announced its quarterly earnings results on Monday. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.15), Briefing.com reports. The firm had revenue of $437.98 million for the quarter, compared to the consensus estimate of $373.75 million. Ameresco had a net margin of 4.17% and a return on equity of 6.67%. The company’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 earnings per share.

Ameresco Trading Up 7.1 %

AMRC opened at $28.76 on Wednesday. The firm has a 50 day simple moving average of $31.57 and a 200 day simple moving average of $25.92. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $52.01. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 0.86 and a beta of 1.78. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.96.

Insider Buying and Selling at Ameresco

In other Ameresco news, CAO Mark Chiplock sold 3,000 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $35.00, for a total transaction of $105,000.00. Following the completion of the sale, the chief accounting officer now owns 348 shares in the company, valued at approximately $12,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of Ameresco from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Oppenheimer reissued a “market perform” rating on shares of Ameresco in a research note on Wednesday, April 17th. B. Riley upgraded Ameresco to a “strong-buy” rating in a report on Tuesday, June 25th. Robert W. Baird lifted their price target on Ameresco from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. Finally, Truist Financial decreased their price objective on shares of Ameresco from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Ameresco Company Profile

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.