Zacks: Brokerages Anticipate Ameresco Inc (NYSE:AMRC) to Post $0.27 EPS

Analysts expect that Ameresco Inc (NYSE:AMRC) will post earnings of $0.27 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Ameresco’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.29. Ameresco reported earnings of $0.23 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 17.4%. The business is scheduled to issue its next earnings report on Tuesday, October 29th.

On average, analysts expect that Ameresco will report full-year earnings of $0.80 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.84. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.99 per share, with EPS estimates ranging from $0.85 to $1.20. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Ameresco.

Ameresco (NYSE:AMRC) last released its earnings results on Thursday, August 8th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $198.20 million for the quarter, compared to analyst estimates of $196.95 million. Ameresco had a net margin of 4.62% and a return on equity of 8.29%. Ameresco’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share.

Several brokerages have recently weighed in on AMRC. Zacks Investment Research lowered shares of Ameresco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 9th. ValuEngine lowered shares of Ameresco from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.30.

In related news, CEO George P. Sakellaris sold 114,500 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $14.53, for a total value of $1,663,685.00. Following the sale, the chief executive officer now owns 3,478,361 shares in the company, valued at approximately $50,540,585.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jennifer L. Miller bought 4,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of $14.15 per share, for a total transaction of $56,600.00. Following the acquisition, the director now directly owns 12,000 shares in the company, valued at $169,800. The disclosure for this purchase can be found here. Insiders have sold 433,400 shares of company stock worth $6,285,737 in the last quarter. Company insiders own 55.86% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can raised its holdings in shares of Ameresco by 335.9% in the 2nd quarter. Bank of Montreal Can now owns 2,345 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 1,807 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Ameresco in the 2nd quarter worth about $145,000. Candriam Luxembourg S.C.A. acquired a new stake in shares of Ameresco in the 2nd quarter worth about $242,000. Guinness Atkinson Asset Management Inc grew its position in Ameresco by 20.4% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 18,300 shares of the utilities provider’s stock worth $270,000 after purchasing an additional 3,100 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Ameresco by 3.6% in the 2nd quarter. AQR Capital Management LLC now owns 22,149 shares of the utilities provider’s stock worth $326,000 after purchasing an additional 775 shares in the last quarter. Institutional investors own 30.89% of the company’s stock.

AMRC stock traded up $0.22 during midday trading on Wednesday, hitting $14.99. The stock had a trading volume of 62,580 shares, compared to its average volume of 121,627. The firm has a market cap of $685.48 million, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 1.06 and a beta of 0.45. The company has a current ratio of 1.51, a quick ratio of 1.47 and a debt-to-equity ratio of 0.65. Ameresco has a 1-year low of $12.32 and a 1-year high of $18.05. The business has a fifty day moving average price of $14.92 and a two-hundred day moving average price of $14.89.

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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