Wall Street brokerages expect Ameresco Inc (NYSE:AMRC) to report earnings of $0.07 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ameresco’s earnings. Ameresco reported earnings of $0.08 per share in the same quarter last year, which suggests a negative year over year growth rate of 12.5%. The firm is expected to report its next quarterly earnings results on Tuesday, August 8th.
On average, analysts expect that Ameresco will report full-year earnings of $0.39 per share for the current financial year. For the next financial year, analysts anticipate that the firm will report earnings of $0.50 per share, with EPS estimates ranging from $0.45 to $0.55. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Ameresco.
Ameresco (NYSE:AMRC) last released its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.06. The firm had revenue of $134.61 million for the quarter, compared to analyst estimates of $131.95 million. Ameresco had a net margin of 1.50% and a return on equity of 5.94%.
AMRC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Ameresco from a “hold” rating to a “strong-buy” rating and set a $7.00 price objective for the company in a research note on Monday, March 6th. Oppenheimer Holdings Inc. set a $9.00 price objective on shares of Ameresco and gave the stock a “buy” rating in a research note on Thursday, March 2nd. Roth Capital set a $7.00 price objective on shares of Ameresco and gave the stock a “hold” rating in a research note on Monday, March 6th. Finally, Canaccord Genuity restated a “buy” rating and set a $8.00 price objective on shares of Ameresco in a research note on Monday, May 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $8.19.
In related news, insider Louis P. Maltezos sold 23,175 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $5.84, for a total value of $135,342.00. Following the completion of the sale, the insider now directly owns 23,175 shares in the company, valued at approximately $135,342. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 69,525 shares of company stock valued at $423,176 over the last quarter. 54.16% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of AMRC. Clean Yield Group increased its stake in shares of Ameresco by 0.4% in the first quarter. Clean Yield Group now owns 85,705 shares of the utilities provider’s stock valued at $561,000 after buying an additional 300 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Ameresco by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 121,189 shares of the utilities provider’s stock valued at $794,000 after buying an additional 773 shares during the period. Levin Capital Strategies L.P. increased its stake in shares of Ameresco by 0.3% in the fourth quarter. Levin Capital Strategies L.P. now owns 391,397 shares of the utilities provider’s stock valued at $2,153,000 after buying an additional 1,350 shares during the period. Two Sigma Investments LP increased its stake in shares of Ameresco by 4.0% in the fourth quarter. Two Sigma Investments LP now owns 62,305 shares of the utilities provider’s stock valued at $343,000 after buying an additional 2,372 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of Ameresco by 21.6% in the first quarter. Janney Montgomery Scott LLC now owns 21,748 shares of the utilities provider’s stock valued at $142,000 after buying an additional 3,860 shares during the period. Hedge funds and other institutional investors own 26.33% of the company’s stock.
Ameresco (NYSE:AMRC) traded up 1.45% during mid-day trading on Tuesday, reaching $7.00. The company had a trading volume of 122,371 shares. The firm’s 50-day moving average price is $6.29 and its 200-day moving average price is $5.72. Ameresco has a 12 month low of $4.24 and a 12 month high of $7.05. The stock has a market cap of $317.97 million, a PE ratio of 31.25 and a beta of 1.39.
Ameresco Company Profile
Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.
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