Ameresco, Inc. (NYSE:AMRC) updated its FY17 earnings guidance on Wednesday. The company provided EPS guidance of $0.37-0.43 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.37. The company issued revenue guidance of $665-700 million, compared to the consensus revenue estimate of $682.14 million.
Shares of Ameresco, Inc. (NYSE AMRC) opened at 7.00 on Friday. The company has a market capitalization of $318.69 million, a PE ratio of 23.26 and a beta of 1.14. The company has a 50-day moving average of $6.84 and a 200-day moving average of $6.38. Ameresco, Inc. has a one year low of $4.51 and a one year high of $7.85.
Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Wednesday, August 9th. The utilities provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.07 by $0.06. The firm had revenue of $166.70 million for the quarter, compared to the consensus estimate of $162.53 million. Ameresco had a net margin of 2.16% and a return on equity of 5.23%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. On average, analysts anticipate that Ameresco, Inc. will post $0.42 earnings per share for the current year.
In related news, insider Louis P. Maltezos sold 23,175 shares of Ameresco stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $6.61, for a total value of $153,186.75. Following the sale, the insider now owns 23,175 shares in the company, valued at $153,186.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 58.36% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Ameresco, Inc. (AMRC) Issues FY17 Earnings Guidance” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.com-unik.info/2017/08/19/ameresco-inc-amrc-releases-fy17-earnings-guidance-updated.html.
A hedge fund recently raised its stake in Ameresco stock. State Street Corp raised its position in shares of Ameresco, Inc. (NYSE:AMRC) by 6.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 336,858 shares of the utilities provider’s stock after buying an additional 20,094 shares during the period. State Street Corp owned about 0.74% of Ameresco worth $2,593,000 at the end of the most recent quarter. Institutional investors own 22.10% of the company’s stock.
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.
What are top analysts saying about Ameresco Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ameresco Inc. and related companies.