B. Riley Issues Pessimistic Estimate for Ameresco Earnings

Ameresco, Inc. (NYSE:AMRC) – Investment analysts at B. Riley reduced their Q1 2025 earnings per share estimates for shares of Ameresco in a note issued to investors on Tuesday, April 29th. B. Riley analyst R. Pfingst now anticipates that the utilities provider will post earnings of ($0.39) per share for the quarter, down from their prior estimate of ($0.36). The consensus estimate for Ameresco’s current full-year earnings is $1.15 per share.

Several other equities analysts have also recently issued reports on the company. Canaccord Genuity Group decreased their price objective on Ameresco from $36.00 to $27.00 and set a “buy” rating for the company in a report on Friday, February 28th. Stifel Nicolaus reduced their price target on Ameresco from $34.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. UBS Group cut Ameresco from a “buy” rating to a “sell” rating and reduced their price target for the stock from $37.00 to $8.00 in a report on Tuesday, March 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $13.00 price target (down previously from $25.00) on shares of Ameresco in a report on Tuesday, April 15th. Finally, Baird R W cut Ameresco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $22.83.

Ameresco Stock Performance

Shares of AMRC stock opened at $11.06 on Thursday. The stock has a market cap of $581.10 million, a PE ratio of 11.06, a price-to-earnings-growth ratio of 0.49 and a beta of 2.02. The business has a 50-day simple moving average of $11.30 and a 200-day simple moving average of $20.62. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. Ameresco has a 52-week low of $8.49 and a 52-week high of $39.68.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.12. The business had revenue of $532.67 million during the quarter, compared to analysts’ expectations of $524.31 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%.

Insiders Place Their Bets

In related news, Director Francis V. Wisneski, Jr. purchased 3,500 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $9.67 per share, for a total transaction of $33,845.00. Following the completion of the transaction, the director now directly owns 17,738 shares of the company’s stock, valued at approximately $171,526.46. This trade represents a 24.58 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO George P. Sakellaris purchased 50,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $9.96 per share, with a total value of $498,000.00. Following the completion of the transaction, the chief executive officer now directly owns 903,638 shares of the company’s stock, valued at approximately $9,000,234.48. This represents a 5.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 80,808 shares of company stock worth $785,274 and sold 40,085 shares worth $843,378. 42.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ameresco

Large investors have recently made changes to their positions in the stock. Barclays PLC grew its position in Ameresco by 204.2% in the third quarter. Barclays PLC now owns 59,248 shares of the utilities provider’s stock worth $2,248,000 after acquiring an additional 39,773 shares during the period. Cetera Trust Company N.A grew its holdings in shares of Ameresco by 6.9% during the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock worth $160,000 after purchasing an additional 440 shares during the period. SG Americas Securities LLC increased its position in shares of Ameresco by 70.7% during the 4th quarter. SG Americas Securities LLC now owns 42,506 shares of the utilities provider’s stock worth $998,000 after purchasing an additional 17,600 shares during the last quarter. Inspire Investing LLC raised its holdings in Ameresco by 58.3% in the 4th quarter. Inspire Investing LLC now owns 17,077 shares of the utilities provider’s stock valued at $401,000 after buying an additional 6,291 shares during the period. Finally, Gagnon Securities LLC raised its holdings in Ameresco by 22.5% in the 4th quarter. Gagnon Securities LLC now owns 571,202 shares of the utilities provider’s stock valued at $13,412,000 after buying an additional 104,861 shares during the period. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

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.