Ameresco (AMRC) to Release Earnings on Thursday

Ameresco (NYSE:AMRC) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Ameresco to post earnings of $0.49 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The firm had revenue of $437.98 million during the quarter, compared to the consensus estimate of $373.75 million. During the same period in the prior year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 33.9% on a year-over-year basis. On average, analysts expect Ameresco to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ameresco Trading Up 5.8 %

Shares of AMRC stock opened at $35.41 on Wednesday. The stock has a 50-day simple moving average of $33.19 and a 200 day simple moving average of $30.67. The stock has a market capitalization of $1.86 billion, a P/E ratio of 33.09, a P/E/G ratio of 1.12 and a beta of 1.82. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $39.68. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 1.15.

Analyst Ratings Changes

AMRC has been the subject of several research reports. Jefferies Financial Group began coverage on shares of Ameresco in a research report on Wednesday, September 4th. They set a “hold” rating and a $33.00 price objective for the company. Piper Sandler raised their target price on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Robert W. Baird upped their price target on Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. UBS Group raised their price objective on Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, StockNews.com raised Ameresco to a “sell” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ameresco has a consensus rating of “Moderate Buy” and an average target price of $36.73.

Insider Activity

In other news, CFO Spencer Doran Hole sold 5,000 shares of Ameresco stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $26.53, for a total transaction of $132,650.00. Following the completion of the sale, the chief financial officer now directly owns 1,878 shares in the company, valued at $49,823.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 5,221 shares of company stock worth $140,814 in the last ninety days. Corporate insiders own 42.00% of the company’s stock.

Ameresco Company Profile

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.