Wall Street analysts predict that Ameresco, Inc. (NYSE:AMRC) will report $184.50 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Ameresco’s earnings, with estimates ranging from $180.00 million to $189.00 million. Ameresco reported sales of $174.23 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.9%. The company is expected to issue its next earnings report on Thursday, March 1st.

According to Zacks, 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 financial year, analysts expect 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 averages are an average based on a survey of sell-side research analysts that cover Ameresco.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. Ameresco had a net margin of 2.49% and a return on equity of 5.42%. 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 company posted $0.16 EPS. Ameresco’s revenue was up 13.4% on a year-over-year basis.

AMRC has been the topic of several research analyst reports. BidaskClub cut shares of Ameresco from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Zacks Investment Research lowered shares of Ameresco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $10.00 price objective (up previously from $8.50) on shares of Ameresco in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.88.

Ameresco (NYSE:AMRC) traded up $0.25 during trading on Friday, hitting $9.00. 73,439 shares of the stock traded hands, compared to its average volume of 85,152. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.24 and a current ratio of 1.29. Ameresco has a fifty-two week low of $4.80 and a fifty-two week high of $9.10. The stock has a market cap of $409.53, a PE ratio of 23.68, a P/E/G ratio of 2.75 and a beta of 1.13.

In related news, insider Joseph P. Demanche sold 9,471 shares of Ameresco stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $8.80, for a total value of $83,344.80. Following the completion of the sale, the insider now owns 154,688 shares of the company’s stock, valued at approximately $1,361,254.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph P. Demanche sold 30,329 shares of Ameresco stock in a transaction on Monday, November 6th. The shares were sold at an average price of $8.40, for a total transaction of $254,763.60. Following the completion of the sale, the insider now directly owns 159,671 shares of the company’s stock, valued at approximately $1,341,236.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,790 shares of company stock valued at $528,015. 58.36% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new position in Ameresco during the 2nd quarter worth $141,000. Parametric Portfolio Associates LLC lifted its position in Ameresco by 8.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock worth $146,000 after acquiring an additional 1,529 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in Ameresco during the 2nd quarter worth $148,000. C M Bidwell & Associates Ltd. acquired a new position in Ameresco during the 2nd quarter worth $154,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Ameresco during the 3rd quarter worth $167,000. 24.59% of the stock is owned by hedge funds and other institutional investors.

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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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