Analysts expect that Ameresco Inc (NYSE:AMRC) will announce earnings per share (EPS) of $0.02 for the current quarter, Zacks reports. Two analysts have provided estimates for Ameresco’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.01. Ameresco reported earnings per share of $0.03 in the same quarter last year, which would indicate a negative year over year growth rate of 33.3%. The company is expected to announce its next quarterly earnings report before the market opens on Tuesday, May 2nd.
On average, analysts expect that Ameresco will report full-year earnings of $0.33 per share for the current financial year, with EPS estimates ranging from $0.27 to $0.38. For the next fiscal year, analysts forecast that the firm will report earnings of $0.50 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Ameresco.
Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Thursday, March 2nd. The utilities provider reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. Ameresco had a return on equity of 5.94% and a net margin of 1.50%. The firm earned $174.20 million during the quarter, compared to analysts’ expectations of $171.93 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year.
Several equities analysts recently commented on AMRC shares. Zacks Investment Research downgraded Ameresco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 7th. Oppenheimer Holdings Inc. set a $9.00 price objective on Ameresco and gave the company a “buy” rating in a research note on Thursday, March 2nd. Finally, Roth Capital started coverage on Ameresco in a research note on Friday, December 30th. They issued a “neutral” rating and a $6.50 price objective on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Ameresco has an average rating of “Hold” and a consensus price target of $7.63.
Shares of Ameresco (NYSE:AMRC) traded up 0.78% on Tuesday, reaching $6.45. The company had a trading volume of 32,638 shares. The stock has a market cap of $292.79 million, a PE ratio of 24.90 and a beta of 1.39. Ameresco has a 12 month low of $3.91 and a 12 month high of $6.70. The stock has a 50-day moving average price of $6.09 and a 200-day moving average price of $5.60.
In other Ameresco news, insider Louis P. Maltezos sold 23,175 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $5.84, for a total transaction of $135,342.00. Following the sale, the insider now owns 23,175 shares of the company’s stock, valued at approximately $135,342. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 69,525 shares of company stock worth $423,176 in the last three months. Insiders own 54.16% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Levin Capital Strategies L.P. raised its stake in 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 in the last quarter. Two Sigma Investments LP raised its stake in 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 in the last quarter. Teachers Advisors LLC raised its stake in Ameresco by 13.6% in the fourth quarter. Teachers Advisors LLC now owns 34,253 shares of the utilities provider’s stock valued at $188,000 after buying an additional 4,112 shares in the last quarter. Rock Point Advisors LLC raised its stake in Ameresco by 1.2% in the third quarter. Rock Point Advisors LLC now owns 799,522 shares of the utilities provider’s stock valued at $4,205,000 after buying an additional 9,094 shares in the last quarter. Finally, State Street Corp raised its stake in Ameresco by 3.3% in the fourth quarter. State Street Corp now owns 316,414 shares of the utilities provider’s stock valued at $1,741,000 after buying an additional 10,114 shares in the last quarter. 26.33% of the stock is currently owned by institutional investors and hedge funds.
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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