$0.13 EPS Expected for Ameresco Inc (AMRC) This Quarter

Wall Street brokerages expect Ameresco Inc (NYSE:AMRC) to report earnings per share (EPS) of $0.13 for the current quarter, according to Zacks. Two analysts have made estimates for Ameresco’s earnings, with estimates ranging from $0.11 to $0.14. Ameresco reported earnings of $0.08 per share during the same quarter last year, which would suggest a positive year over year growth rate of 62.5%. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, March 6th.

On average, analysts expect that Ameresco will report full year earnings of $0.42 per share for the current fiscal year. For the next financial year, analysts expect that the firm will report earnings of $0.55 per share, with EPS estimates ranging from $0.50 to $0.59. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Ameresco.

A number of brokerages have issued reports on AMRC. Zacks Investment Research cut shares of Ameresco from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Oppenheimer restated a “buy” rating and set a $10.00 target price (up previously from $8.50) on shares of Ameresco in a research report on Wednesday, November 1st. Finally, BidaskClub cut shares of Ameresco from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Ameresco has a consensus rating of “Hold” and a consensus price target of $8.88.

In other news, insider Joseph P. Demanche sold 12,500 shares of Ameresco stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $9.40, for a total transaction of $117,500.00. Following the completion of the sale, the insider now directly owns 115,000 shares in the company, valued at $1,081,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph P. Demanche sold 4,783 shares of Ameresco stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $8.80, for a total transaction of $42,090.40. Following the sale, the executive vice president now owns 154,688 shares of the company’s stock, valued at $1,361,254.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,454 shares of company stock valued at $449,695. Insiders own 58.36% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of AMRC. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Ameresco during the fourth quarter worth about $1,673,000. Wells Fargo & Company MN grew its holdings in shares of Ameresco by 211.3% during the fourth quarter. Wells Fargo & Company MN now owns 107,841 shares of the utilities provider’s stock worth $926,000 after buying an additional 73,202 shares in the last quarter. TIAA FSB purchased a new stake in Ameresco in the third quarter valued at approximately $496,000. Franklin Resources Inc. grew its holdings in Ameresco by 10.7% in the fourth quarter. Franklin Resources Inc. now owns 649,900 shares of the utilities provider’s stock valued at $5,589,000 after purchasing an additional 62,800 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Ameresco by 24.5% in the fourth quarter. Renaissance Technologies LLC now owns 291,100 shares of the utilities provider’s stock valued at $2,503,000 after purchasing an additional 57,200 shares during the period. Institutional investors and hedge funds own 24.90% of the company’s stock.

Ameresco (AMRC) opened at $8.50 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.24 and a debt-to-equity ratio of 0.57. The stock has a market cap of $373.13, a PE ratio of 22.37, a price-to-earnings-growth ratio of 2.51 and a beta of 1.13. Ameresco has a 52-week low of $4.90 and a 52-week high of $9.50.

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Ameresco Company Profile

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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