Brokerages expect Ameresco, Inc. (NYSE:AMRC) to post $184.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Ameresco’s earnings, with estimates ranging from $180.00 million to $189.00 million. Ameresco posted sales of $174.23 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.9%. The firm is expected to announce its next quarterly earnings results on Thursday, March 1st.

On average, analysts expect that Ameresco will report full-year sales of $184.50 million for the current year, with estimates ranging from $686.00 million to $695.00 million. For the next fiscal year, analysts forecast that the firm will report sales of $725.05 million per share, with estimates ranging from $710.10 million to $740.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Ameresco.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. Ameresco had a return on equity of 5.42% and a net margin of 2.49%. The business had revenue of $204.74 million for the quarter, compared to analysts’ expectations of $186.20 million. During the same period in the previous year, the business posted $0.16 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year.

A number of research firms have weighed in on AMRC. Zacks Investment Research raised Ameresco from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a report on Monday, August 14th. BidaskClub raised Ameresco from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Oppenheimer reissued a “buy” rating and set a $10.00 price objective (up previously from $8.50) on shares of Ameresco in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Ameresco currently has an average rating of “Buy” and an average price target of $8.88.

In related news, insider Joseph P. Demanche sold 4,220 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $7.80, for a total transaction of $32,916.00. Following the completion of the transaction, the insider now owns 200,000 shares in the company, valued at $1,560,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joseph P. Demanche sold 7,007 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $8.00, for a total value of $56,056.00. Following the transaction, the insider now owns 196,625 shares of the company’s stock, valued at approximately $1,573,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,003 shares of company stock valued at $494,875. 58.36% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in AMRC. Dimensional Fund Advisors LP grew its stake in Ameresco by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 943,907 shares of the utilities provider’s stock worth $7,363,000 after purchasing an additional 41,937 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Ameresco in the third quarter worth $167,000. Wells Fargo & Company MN grew its stake in shares of Ameresco by 23.0% in the third quarter. Wells Fargo & Company MN now owns 34,639 shares of the utilities provider’s stock worth $270,000 after acquiring an additional 6,469 shares during the last quarter. Rock Point Advisors LLC grew its stake in shares of Ameresco by 1.0% in the third quarter. Rock Point Advisors LLC now owns 819,978 shares of the utilities provider’s stock worth $6,396,000 after acquiring an additional 8,202 shares during the last quarter. Finally, TIAA FSB purchased a new stake in shares of Ameresco in the third quarter worth $496,000. Institutional investors own 24.91% of the company’s stock.

Shares of Ameresco (NYSE AMRC) traded down $0.20 during trading on Monday, reaching $8.65. The company had a trading volume of 44,934 shares, compared to its average volume of 73,263. Ameresco has a fifty-two week low of $4.80 and a fifty-two week high of $8.95. The company has a market cap of $402.70, a PE ratio of 25.29, a P/E/G ratio of 3.55 and a beta of 1.13. The company has a quick ratio of 1.24, a current ratio of 1.29 and a debt-to-equity ratio of 0.57.

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About Ameresco

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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