Zacks: Brokerages Anticipate Ameresco, Inc. (AMRC) to Post $0.15 EPS
Wall Street brokerages forecast that Ameresco, Inc. (NYSE:AMRC) will post earnings per share of $0.15 for the current quarter, Zacks reports. Two analysts have issued estimates for Ameresco’s earnings, with estimates ranging from $0.14 to $0.15. Ameresco posted earnings of $0.16 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.3%. The firm is expected to report its next quarterly earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Ameresco will report full year earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.39 to $0.42. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.54 per share, with EPS estimates ranging from $0.50 to $0.58. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Ameresco.
Ameresco (NYSE:AMRC) last released its quarterly earnings results on Wednesday, August 9th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.06. Ameresco had a return on equity of 5.23% and a net margin of 2.16%. The firm had revenue of $166.70 million for the quarter, compared to the consensus estimate of $162.53 million. During the same quarter last year, the business posted $0.08 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis.
AMRC has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Ameresco from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research note on Monday, July 3rd. BidaskClub raised shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Canaccord Genuity increased their price objective on shares of Ameresco from $8.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, Oppenheimer Holdings, Inc. set a $9.00 price objective on shares of Ameresco and gave the stock a “buy” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $8.25.
Several large investors have recently modified their holdings of AMRC. Susquehanna International Group LLP bought a new position in shares of Ameresco during the second quarter worth $141,000. Janney Montgomery Scott LLC boosted its position in shares of Ameresco by 21.6% during the first quarter. Janney Montgomery Scott LLC now owns 21,748 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 3,860 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Ameresco by 8.8% during the second quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock worth $146,000 after acquiring an additional 1,529 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Ameresco during the second quarter worth $148,000. Finally, Pillar Pacific Capital Management LLC bought a new position in shares of Ameresco during the second quarter worth $151,000. Hedge funds and other institutional investors own 23.83% of the company’s stock.
Ameresco (NYSE:AMRC) traded up 1.36% during mid-day trading on Monday, hitting $7.45. The company’s stock had a trading volume of 10,959 shares. Ameresco has a 52-week low of $4.60 and a 52-week high of $7.85. The firm has a 50 day moving average of $6.99 and a 200-day moving average of $6.67. The firm has a market cap of $339.18 million, a price-to-earnings ratio of 24.75 and a beta of 1.12.
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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