Wall Street analysts expect that Ameresco Inc (NYSE:AMRC) will report sales of $227.80 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Ameresco’s earnings, with the lowest sales estimate coming in at $225.20 million and the highest estimate coming in at $230.40 million. Ameresco reported sales of $211.13 million during the same quarter last year, which indicates a positive year over year growth rate of 7.9%. The firm is scheduled to issue its next earnings results on Tuesday, March 5th.

According to Zacks, analysts expect that Ameresco will report full-year sales of $797.60 million for the current fiscal year, with estimates ranging from $795.00 million to $800.20 million. For the next fiscal year, analysts anticipate that the business will report sales of $857.15 million, with estimates ranging from $850.00 million to $864.30 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Ameresco.

Ameresco (NYSE:AMRC) last released its earnings results on Tuesday, October 30th. The utilities provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $208.40 million. Ameresco had a net margin of 6.43% and a return on equity of 14.06%. Ameresco’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS.

Several brokerages have commented on AMRC. Zacks Investment Research upgraded shares of Ameresco from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, November 1st. TheStreet upgraded shares of Ameresco from a “c+” rating to a “b-” rating in a research note on Wednesday, November 7th. ValuEngine cut shares of Ameresco from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Canaccord Genuity boosted their target price on shares of Ameresco from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, Oppenheimer set a $17.00 target price on shares of Ameresco and gave the company a “buy” rating in a research note on Tuesday, October 30th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Ameresco presently has a consensus rating of “Buy” and an average target price of $16.38.

NYSE AMRC traded down $0.55 on Friday, hitting $14.68. 82,400 shares of the company’s stock traded hands, compared to its average volume of 130,801. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.62. Ameresco has a 1-year low of $7.65 and a 1-year high of $16.59. The stock has a market cap of $687.34 million, a price-to-earnings ratio of 19.32, a PEG ratio of 1.11 and a beta of 0.44.

In related news, Director Francis V. Wisneski, Jr. sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $15.43, for a total value of $46,290.00. Following the completion of the transaction, the director now directly owns 105,676 shares in the company, valued at approximately $1,630,580.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Francis V. Wisneski, Jr. sold 5,516 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $15.97, for a total transaction of $88,090.52. Following the completion of the transaction, the director now owns 110,676 shares of the company’s stock, valued at $1,767,495.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,016 shares of company stock valued at $420,156. Company insiders own 57.93% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Paloma Partners Management Co purchased a new stake in Ameresco in the 2nd quarter worth $126,000. Citadel Advisors LLC purchased a new stake in Ameresco in the 2nd quarter worth $135,000. Engineers Gate Manager LP purchased a new stake in Ameresco in the 3rd quarter worth $162,000. Sei Investments Co. purchased a new stake in Ameresco in the 2nd quarter worth $206,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Ameresco in the 2nd quarter worth $216,000. Hedge funds and other institutional investors own 27.85% of the company’s stock.

About Ameresco

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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