Ameresco Inc (NYSE:AMRC) – Research analysts at Oppenheimer raised their Q4 2019 earnings estimates for Ameresco in a report released on Tuesday, November 5th. Oppenheimer analyst N. Kaye now anticipates that the utilities provider will post earnings of $0.39 per share for the quarter, up from their previous forecast of $0.35.
A number of other analysts have also commented on the company. ValuEngine upgraded Ameresco from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Zacks Investment Research upgraded Ameresco from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ameresco currently has a consensus rating of “Buy” and an average target price of $18.63.
AMRC stock traded up $0.01 during midday trading on Friday, reaching $15.54. The stock had a trading volume of 67,000 shares, compared to its average volume of 119,916. The business has a fifty day simple moving average of $15.03 and a two-hundred day simple moving average of $14.79. The company has a quick ratio of 1.47, a current ratio of 1.51 and a debt-to-equity ratio of 0.65. The firm has a market cap of $715.21 million, a price-to-earnings ratio of 19.19, a PEG ratio of 1.09 and a beta of 0.39. Ameresco has a twelve month low of $13.11 and a twelve month high of $18.05.
Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.08). The firm had revenue of $212.03 million during the quarter, compared to analyst estimates of $235.41 million. Ameresco had a return on equity of 7.53% and a net margin of 4.35%. Ameresco’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 earnings per share.
Several institutional investors and hedge funds have recently modified their holdings of AMRC. BlackRock Inc. lifted its position in shares of Ameresco by 32.3% during the 2nd quarter. BlackRock Inc. now owns 1,469,588 shares of the utilities provider’s stock worth $21,648,000 after buying an additional 358,410 shares during the last quarter. Vanguard Group Inc. raised its stake in Ameresco by 4.6% in the second quarter. Vanguard Group Inc. now owns 870,646 shares of the utilities provider’s stock worth $12,825,000 after buying an additional 37,990 shares in the last quarter. Bandera Partners LLC raised its stake in Ameresco by 70.9% in the second quarter. Bandera Partners LLC now owns 683,684 shares of the utilities provider’s stock worth $10,071,000 after buying an additional 283,684 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Ameresco by 14.7% in the second quarter. Handelsbanken Fonder AB now owns 618,896 shares of the utilities provider’s stock worth $9,116,000 after buying an additional 79,146 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Ameresco by 29.9% in the second quarter. Invesco Ltd. now owns 407,370 shares of the utilities provider’s stock worth $6,001,000 after buying an additional 93,836 shares in the last quarter. Institutional investors and hedge funds own 31.00% of the company’s stock.
In other news, EVP David J. Corrsin sold 60,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $16.00, for a total transaction of $960,000.00. Following the completion of the transaction, the executive vice president now directly owns 1,037,722 shares in the company, valued at approximately $16,603,552. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO George P. Sakellaris sold 114,500 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $14.53, for a total value of $1,663,685.00. Following the transaction, the chief executive officer now owns 3,478,361 shares of the company’s stock, valued at $50,540,585.33. The disclosure for this sale can be found here. Insiders have sold a total of 433,400 shares of company stock valued at $6,285,737 over the last 90 days. Corporate insiders own 55.86% of the company’s stock.
Ameresco Company Profile
Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.
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