Equities analysts expect Ameresco Inc (NYSE:AMRC) to announce $240.73 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Ameresco’s earnings, with estimates ranging from $235.00 million to $246.00 million. Ameresco posted sales of $205.38 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.2%. The business is scheduled to issue its next earnings results on Tuesday, October 29th.

On average, analysts expect that Ameresco will report full year sales of $856.57 million for the current financial year, with estimates ranging from $851.60 million to $860.10 million. For the next fiscal year, analysts forecast that the firm will post sales of $904.50 million, with estimates ranging from $900.00 million to $909.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover Ameresco.

Ameresco (NYSE:AMRC) last announced its earnings results on Thursday, August 8th. The utilities provider reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. Ameresco had a net margin of 4.62% and a return on equity of 8.29%. The business had revenue of $198.20 million during the quarter, compared to analysts’ expectations of $196.95 million. During the same period in the prior year, the company earned $0.19 earnings per share. The firm’s revenue was up .6% on a year-over-year basis.

A number of brokerages have commented on AMRC. ValuEngine cut shares of Ameresco from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research raised shares of Ameresco from a “hold” rating to a “strong-buy” rating and set a $17.00 target price for the company in a report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $18.30.

In other news, Director Jennifer L. Miller purchased 4,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was acquired at an average cost of $14.15 per share, for a total transaction of $56,600.00. Following the completion of the transaction, the director now directly owns 12,000 shares in the company, valued at approximately $169,800. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 55.86% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of Montreal Can boosted its position in shares of Ameresco by 335.9% in the second quarter. Bank of Montreal Can now owns 2,345 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 1,807 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Ameresco by 508.8% during the first quarter. BNP Paribas Arbitrage SA now owns 3,945 shares of the utilities provider’s stock worth $64,000 after acquiring an additional 3,297 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Ameresco by 134.0% during the first quarter. Meeder Asset Management Inc. now owns 4,205 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 2,408 shares during the last quarter. Advisor Group Inc. bought a new position in shares of Ameresco during the fourth quarter worth $75,000. Finally, Metropolitan Life Insurance Co. NY bought a new position in shares of Ameresco during the fourth quarter worth $99,000. Institutional investors and hedge funds own 29.16% of the company’s stock.

AMRC stock traded up $0.44 during midday trading on Friday, reaching $14.74. 97,600 shares of the company’s stock traded hands, compared to its average volume of 86,907. Ameresco has a 52-week low of $11.73 and a 52-week high of $18.05. The stock has a market cap of $643.73 million, a P/E ratio of 18.20, a PEG ratio of 0.99 and a beta of 0.54. The company has a current ratio of 1.51, a quick ratio of 1.24 and a debt-to-equity ratio of 0.65. The stock’s 50-day moving average is $14.31 and its 200 day moving average is $15.32.

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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Earnings History and Estimates for Ameresco (NYSE:AMRC)

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