Ameresco Inc (AMRC) Expected to Announce Earnings of $0.02 Per Share
Wall Street brokerages expect Ameresco Inc (NYSE:AMRC) to report $0.02 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Ameresco’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.03. Ameresco reported earnings of $0.03 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 33.3%. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, May 2nd.
According to Zacks, analysts expect that Ameresco will report full year earnings of $0.33 per share for the current year, with EPS estimates ranging from $0.27 to $0.38. For the next year, analysts anticipate that the firm will report earnings of $0.50 per share. Zacks Investment Research’s EPS averages are an average based on a survey of 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 analysts’ consensus estimates of $0.04 by $0.04. The company had revenue of $174.20 million for the quarter, compared to analyst estimates of $171.93 million. Ameresco had a return on equity of 5.94% and a net margin of 1.50%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share.
Several brokerages have issued reports on AMRC. Zacks Investment Research upgraded Ameresco from a “hold” rating to a “strong-buy” rating and set a $7.00 price target for the company in a report on Monday, March 6th. Roth Capital set a $7.00 price target on Ameresco and gave the stock a “hold” rating in a report on Tuesday, February 28th. Finally, Oppenheimer Holdings Inc. set a $9.00 price target on Ameresco and gave the stock a “buy” rating in a report on Thursday, March 2nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $7.63.
Shares of Ameresco (NYSE:AMRC) traded up 0.78% on Tuesday, hitting $6.45. The stock had a trading volume of 32,638 shares. The company has a market cap of $292.79 million, a price-to-earnings ratio of 24.90 and a beta of 1.39. The firm has a 50 day moving average price of $6.09 and a 200-day moving average price of $5.60. Ameresco has a 52 week low of $3.91 and a 52 week high of $6.70.
In other news, insider Louis P. Maltezos sold 23,175 shares of the company’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $6.27, for a total transaction of $145,307.25. Following the completion of the transaction, the insider now directly owns 23,175 shares of the company’s stock, valued at $145,307.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 69,525 shares of company stock valued at $423,176 over the last ninety days. 54.16% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Impact Advisors LLC boosted its position in Ameresco by 14.1% in the first quarter. Capital Impact Advisors LLC now owns 199,395 shares of the utilities provider’s stock valued at $1,306,000 after buying an additional 24,673 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of 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 during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Ameresco during the fourth quarter valued at approximately $138,000. Two Sigma Investments LP boosted its position in shares of 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 during the period. Finally, Levin Capital Strategies L.P. boosted its position in shares of 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 during the period. 26.33% of the stock is owned by institutional investors.
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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