Zacks: Brokerages Anticipate Ameresco, Inc. (AMRC) to Announce $0.15 Earnings Per Share
Equities analysts expect Ameresco, Inc. (NYSE:AMRC) to report $0.15 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Ameresco’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.14. Ameresco posted earnings per share of $0.16 during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.3%. The business is expected to announce its next earnings results 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 financial year, analysts forecast that the business will post earnings of $0.54 per share, with EPS estimates ranging from $0.50 to $0.58. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Ameresco.
Ameresco (NYSE:AMRC) last issued its earnings results on Wednesday, August 9th. The utilities provider reported $0.13 EPS for the quarter, beating the Zacks’ 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 company had revenue of $166.70 million during the quarter, compared to the consensus estimate of $162.53 million. During the same period in the previous year, the firm posted $0.08 earnings per share. Ameresco’s quarterly revenue was up 2.5% compared to the same quarter last year.
Several research analysts recently commented on AMRC shares. Zacks Investment Research cut Ameresco from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Roth Capital raised Ameresco from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $6.50 to $8.00 in a research report on Thursday, May 4th. BidaskClub cut Ameresco from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Canaccord Genuity upped their price objective on Ameresco from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, Oppenheimer Holdings, Inc. set a $9.00 price objective on Ameresco and gave the stock a “buy” rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $8.25.
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Several institutional investors have recently modified their holdings of AMRC. Susquehanna International Group LLP acquired a new position in shares of Ameresco during the second quarter worth about $141,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Ameresco during the second quarter worth about $154,000. State Street Corp increased its position in shares of Ameresco by 6.3% in the second quarter. State Street Corp now owns 336,858 shares of the utilities provider’s stock worth $2,593,000 after buying an additional 20,094 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Ameresco during the second quarter worth about $148,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Ameresco by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 901,970 shares of the utilities provider’s stock worth $6,945,000 after buying an additional 51,041 shares during the period. 23.83% of the stock is owned by institutional investors and hedge funds.
Shares of Ameresco (NYSE AMRC) traded down 0.68% during midday trading on Wednesday, reaching $7.30. The company had a trading volume of 30,868 shares. The firm’s 50 day moving average price is $6.81 and its 200-day moving average price is $6.45. Ameresco has a 12 month low of $4.60 and a 12 month high of $7.85. The company has a market capitalization of $332.35 million, a P/E ratio of 24.25 and a beta of 1.14.
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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