Brokerages forecast that Ameresco Inc (NYSE:AMRC) will report $184.50 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Ameresco’s earnings, with the lowest sales estimate coming in at $180.00 million and the highest estimate coming in at $189.00 million. Ameresco posted sales of $174.23 million in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The company 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 fiscal year, with estimates ranging from $686.00 million to $695.00 million. For the next fiscal year, analysts anticipate that the firm will report sales of $725.05 million per share, with estimates ranging from $710.10 million to $740.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Ameresco.
Ameresco (NYSE:AMRC) last announced its earnings results on Tuesday, October 31st. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $186.20 million. During the same quarter last year, the business earned $0.16 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year.
In other news, EVP Joseph P. Demanche sold 4,783 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $8.80, for a total value of $42,090.40. Following the transaction, the executive vice president now directly owns 154,688 shares of the company’s stock, valued at $1,361,254.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph P. Demanche sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $9.40, for a total transaction of $117,500.00. Following the completion of the transaction, the insider now directly owns 115,000 shares in the company, valued at $1,081,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,783 shares of company stock worth $704,459. Insiders own 58.36% of the company’s stock.
Several large investors have recently bought and sold shares of AMRC. Schwab Charles Investment Management Inc. raised its stake in Ameresco by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 62,590 shares of the utilities provider’s stock worth $482,000 after purchasing an additional 380 shares during the period. Parametric Portfolio Associates LLC raised its stake in Ameresco by 8.8% during the second quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 1,529 shares during the period. GSA Capital Partners LLP raised its stake in Ameresco by 4.1% during the second quarter. GSA Capital Partners LLP now owns 117,495 shares of the utilities provider’s stock worth $905,000 after purchasing an additional 4,600 shares during the period. Wells Fargo & Company MN raised its stake in Ameresco by 23.0% during the third quarter. Wells Fargo & Company MN now owns 34,639 shares of the utilities provider’s stock worth $270,000 after purchasing an additional 6,469 shares during the period. Finally, Rock Point Advisors LLC raised its stake in Ameresco by 1.0% during the third quarter. Rock Point Advisors LLC now owns 819,978 shares of the utilities provider’s stock worth $6,396,000 after purchasing an additional 8,202 shares during the period. 24.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ameresco (NYSE:AMRC) opened at $8.85 on Wednesday. Ameresco has a 52-week low of $4.80 and a 52-week high of $9.50. The stock has a market cap of $418.63, a PE ratio of 26.29, a PEG ratio of 2.81 and a beta of 1.13. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.29 and a quick ratio of 1.24.
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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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