$0.18 EPS Expected for Ameresco Inc (AMRC) This Quarter

Equities research analysts expect that Ameresco Inc (NYSE:AMRC) will report earnings per share of $0.18 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Ameresco’s earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.22. Ameresco reported earnings of $0.48 per share in the same quarter last year, which suggests a negative year over year growth rate of 62.5%. The business is scheduled to announce its next quarterly earnings report on Tuesday, March 5th.

According to Zacks, analysts expect that Ameresco will report full year earnings of $0.76 per share for the current financial year, with EPS estimates ranging from $0.73 to $0.81. For the next financial year, analysts expect that the company will post earnings of $0.82 per share, with EPS estimates ranging from $0.79 to $0.85. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Ameresco.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Tuesday, October 30th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.08. Ameresco had a return on equity of 14.06% and a net margin of 6.43%. The business had revenue of $205.40 million for the quarter, compared to analyst estimates of $208.40 million. During the same period last year, the company earned $0.18 EPS. The firm’s revenue was up .3% on a year-over-year basis.

AMRC has been the topic of several recent research reports. Roth Capital lowered Ameresco from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $15.00 to $14.00 in a research report on Thursday, October 4th. Oppenheimer set a $17.00 price target on Ameresco and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Canaccord Genuity raised their price target on Ameresco from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. B. Riley initiated coverage on Ameresco in a research report on Wednesday, December 19th. They issued a “buy” rating and a $17.50 price target on the stock. Finally, ValuEngine lowered Ameresco from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $16.40.

Shares of NYSE:AMRC traded down $0.81 during midday trading on Tuesday, hitting $14.41. The company had a trading volume of 131,862 shares, compared to its average volume of 111,604. Ameresco has a 12 month low of $7.75 and a 12 month high of $16.59. The company has a quick ratio of 1.39, a current ratio of 1.42 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $699.76 million, a P/E ratio of 18.96, a P/E/G ratio of 1.06 and a beta of 0.56.

In related news, insider Michael T. Bakas sold 13,108 shares of the firm’s stock in a transaction on Friday, January 11th. The stock was sold at an average price of $15.26, for a total transaction of $200,028.08. Following the sale, the insider now owns 136,107 shares of the company’s stock, valued at approximately $2,076,992.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jennifer L. Miller acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were acquired at an average cost of $15.50 per share, for a total transaction of $31,000.00. The disclosure for this purchase can be found here. Insiders have sold a total of 27,424 shares of company stock worth $425,660 in the last ninety days. 57.93% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new stake in Ameresco during the 4th quarter worth $25,000. Paloma Partners Management Co acquired a new stake in Ameresco during the 2nd quarter worth $126,000. Citadel Advisors LLC acquired a new stake in Ameresco during the 2nd quarter worth $135,000. Engineers Gate Manager LP acquired a new stake in Ameresco during the 3rd quarter worth $162,000. Finally, Nachman Norwood & Parrott Inc acquired a new stake in Ameresco during the 4th quarter worth $180,000. 27.66% of the stock is currently owned by institutional investors and hedge funds.

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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