Ameresco (AMRC) Updates FY 2018 Earnings Guidance

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Ameresco (NYSE:AMRC) issued an update on its FY 2018 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.71-0.79 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.71. The company issued revenue guidance of $780-820 million, compared to the consensus revenue estimate of $798.9 million.

Shares of AMRC stock opened at $16.37 on Thursday. The firm has a market capitalization of $664.70 million, a P/E ratio of 21.54, a PEG ratio of 1.15 and a beta of 0.79. Ameresco has a one year low of $7.65 and a one year high of $16.59. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.53.

Ameresco (NYSE:AMRC) last issued its earnings results on Tuesday, October 30th. The utilities provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $208.40 million. Ameresco had a return on equity of 14.28% and a net margin of 6.43%. Ameresco’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the business earned $0.18 earnings per share. As a group, sell-side analysts predict that Ameresco will post 0.72 earnings per share for the current fiscal year.

AMRC has been the subject of several research reports. ValuEngine cut Ameresco from a buy rating to a hold rating in a research report on Thursday, October 4th. Roth Capital cut Ameresco from a buy rating to a neutral rating and reduced their target price for the stock from $15.00 to $14.00 in a research report on Thursday, October 4th. Oppenheimer set a $17.00 price objective on Ameresco and gave the company a buy rating in a report on Tuesday. Finally, Canaccord Genuity lifted their price objective on Ameresco from $16.00 to $16.50 and gave the company a buy rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Ameresco presently has a consensus rating of Hold and a consensus price target of $14.63.

In other Ameresco news, EVP Louis P. Maltezos sold 5,000 shares of Ameresco stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $14.01, for a total transaction of $70,050.00. Following the completion of the transaction, the executive vice president now directly owns 35,000 shares of the company’s stock, valued at $490,350. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Louis P. Maltezos sold 35,000 shares of Ameresco stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $14.91, for a total value of $521,850.00. Following the transaction, the insider now directly owns 32,000 shares of the company’s stock, valued at $477,120. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,000 shares of company stock valued at $863,700. Company insiders own 57.93% of the company’s stock.

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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