Ameresco (AMRC) to Release Quarterly Earnings on Tuesday

Ameresco (NYSE:AMRC) will issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.60 by $0.09. Ameresco had a net margin of 4.54% and a return on equity of 7.49%. The company had revenue of $441.40 million for the quarter, compared to the consensus estimate of $399.98 million. During the same period in the prior year, the firm posted $0.35 EPS. The firm’s revenue was up 33.1% compared to the same quarter last year. On average, analysts expect Ameresco to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ameresco Stock Performance

Ameresco stock opened at $21.73 on Tuesday. Ameresco has a 1-year low of $17.55 and a 1-year high of $63.19. The company’s 50-day moving average is $21.08 and its 200 day moving average is $25.26. The firm has a market capitalization of $1.14 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 0.62 and a beta of 1.56. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.25 and a quick ratio of 1.24.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. BNP Paribas raised Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 price target for the company in a research note on Tuesday, March 12th. Raymond James decreased their target price on Ameresco from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, April 3rd. Oppenheimer restated a “market perform” rating on shares of Ameresco in a report on Wednesday, April 17th. Canaccord Genuity Group decreased their price objective on shares of Ameresco from $50.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Finally, Piper Sandler dropped their target price on shares of Ameresco from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.69.

About Ameresco

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.