$0.11 EPS Expected for Ameresco Inc (NYSE:AMRC) This Quarter

Equities analysts expect Ameresco Inc (NYSE:AMRC) to post earnings of $0.11 per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Ameresco’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.04. Ameresco reported earnings per share of $0.18 during the same quarter last year, which suggests a negative year over year growth rate of 38.9%. The business is expected to report its next earnings results on Thursday, August 13th.

On average, analysts expect that Ameresco will report full-year earnings of $0.92 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $0.94. For the next year, analysts forecast that the business will post earnings of $1.07 per share, with EPS estimates ranging from $1.00 to $1.12. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Ameresco.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The company had revenue of $212.41 million during the quarter, compared to analysts’ expectations of $167.33 million. Ameresco had a return on equity of 11.23% and a net margin of 5.00%.

A number of equities research analysts have recently issued reports on AMRC shares. Craig Hallum began coverage on Ameresco in a report on Tuesday, June 9th. They issued a “buy” rating and a $33.00 price target for the company. Canaccord Genuity raised their target price on Ameresco from $26.00 to $29.00 in a research note on Wednesday, June 10th. B. Riley began coverage on shares of Ameresco in a research report on Friday, June 12th. They set a “buy” rating and a $27.00 price target on the stock. Roth Capital raised their price objective on shares of Ameresco from $19.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Oppenheimer reduced their target price on shares of Ameresco from $26.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $26.43.

In related news, Director Francis V. Wisneski, Jr. sold 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $19.44, for a total transaction of $38,880.00. Following the completion of the transaction, the director now owns 82,676 shares of the company’s stock, valued at approximately $1,607,221.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Anderson sold 8,085 shares of Ameresco stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $20.47, for a total transaction of $165,499.95. Following the completion of the sale, the executive vice president now owns 91,915 shares of the company’s stock, valued at approximately $1,881,500.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 248,399 shares of company stock worth $5,978,899. 51.12% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its position in shares of Ameresco by 8.9% during the first quarter. State Street Corp now owns 468,435 shares of the utilities provider’s stock worth $7,977,000 after purchasing an additional 38,157 shares in the last quarter. AXA purchased a new stake in Ameresco during the 1st quarter worth approximately $667,000. Old Well Partners LLC lifted its holdings in Ameresco by 5.3% during the 1st quarter. Old Well Partners LLC now owns 98,555 shares of the utilities provider’s stock worth $1,678,000 after buying an additional 5,000 shares in the last quarter. Otter Creek Advisors LLC acquired a new stake in Ameresco during the 1st quarter worth approximately $2,468,000. Finally, Invesco Ltd. boosted its position in Ameresco by 5.1% in the 1st quarter. Invesco Ltd. now owns 577,494 shares of the utilities provider’s stock valued at $9,835,000 after buying an additional 28,242 shares during the period. 38.07% of the stock is owned by institutional investors and hedge funds.

AMRC stock traded down $0.05 during midday trading on Wednesday, reaching $27.33. The stock had a trading volume of 10,876 shares, compared to its average volume of 346,039. Ameresco has a 52-week low of $13.11 and a 52-week high of $27.99. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 1.71 and a beta of 0.52. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $21.43 and its 200 day simple moving average is $19.35.

Ameresco Company Profile

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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Earnings History and Estimates for Ameresco (NYSE:AMRC)

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