Equities research analysts predict that Ameresco Inc (NYSE:AMRC) will report $228.03 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ameresco’s earnings, with the highest sales estimate coming in at $230.40 million and the lowest estimate coming in at $225.20 million. Ameresco posted sales of $211.13 million in the same quarter last year, which suggests a positive year over year growth rate of 8%. The business is scheduled to announce its next quarterly earnings results on Tuesday, March 5th.

According to Zacks, analysts expect that Ameresco will report full year sales of $797.80 million for the current year, with estimates ranging from $795.00 million to $800.20 million. For the next fiscal year, analysts expect that the firm will report sales of $857.23 million, with estimates ranging from $850.00 million to $864.30 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Ameresco.

A number of equities analysts have recently issued reports on AMRC shares. Oppenheimer set a $17.00 price target on shares of Ameresco and gave the company a “buy” rating in a report on Tuesday, October 30th. Canaccord Genuity increased their price target on shares of Ameresco from $16.00 to $16.50 and gave the company a “buy” rating in a report on Wednesday, October 31st. Zacks Investment Research upgraded shares of Ameresco from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, November 1st. TheStreet upgraded shares of Ameresco from a “c+” rating to a “b-” rating in a report on Wednesday, November 7th. Finally, B. Riley started coverage on shares of Ameresco in a report on Wednesday, December 19th. They issued a “buy” rating and a $17.50 price target for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $16.40.

In other Ameresco news, Director Thomas S. Murley bought 2,000 shares of the company’s stock in a transaction on Monday, December 10th. The stock was purchased at an average cost of $14.60 per share, for a total transaction of $29,200.00. Following the acquisition, the director now owns 9,000 shares of the company’s stock, valued at approximately $131,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Francis V. Wisneski, Jr. sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $15.80, for a total transaction of $47,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 26,947 shares of company stock valued at $414,651 over the last 90 days. 57.93% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new position in Ameresco during the 4th quarter valued at about $25,000. Engineers Gate Manager LP purchased a new position in Ameresco during the 3rd quarter valued at about $162,000. Nachman Norwood & Parrott Inc acquired a new stake in shares of Ameresco during the 4th quarter worth about $180,000. Assenagon Asset Management S.A. acquired a new stake in shares of Ameresco during the 4th quarter worth about $189,000. Finally, Citadel Advisors LLC boosted its stake in shares of Ameresco by 100.4% during the 3rd quarter. Citadel Advisors LLC now owns 22,514 shares of the utilities provider’s stock worth $307,000 after purchasing an additional 11,277 shares during the last quarter. Hedge funds and other institutional investors own 27.50% of the company’s stock.

Shares of AMRC opened at $14.81 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.42 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $678.21 million, a PE ratio of 19.49, a P/E/G ratio of 1.04 and a beta of 0.59. Ameresco has a 52-week low of $7.75 and a 52-week high of $16.59.

Ameresco Company Profile

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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