Ameresco Inc (NYSE:AMRC) Expected to Announce Earnings of $0.17 Per Share

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Wall Street brokerages predict that Ameresco Inc (NYSE:AMRC) will post earnings per share of $0.17 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ameresco’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.16. Ameresco reported earnings of $0.18 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.6%. The firm is scheduled to report its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that Ameresco will report full year earnings of $0.78 per share for the current fiscal year, with EPS estimates ranging from $0.74 to $0.83. For the next financial year, analysts forecast that the company will report earnings of $0.98 per share, with EPS estimates ranging from $0.85 to $1.19. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Ameresco.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. Ameresco had a return on equity of 8.44% and a net margin of 4.57%. The company had revenue of $150.10 million for the quarter, compared to analyst estimates of $150.29 million. During the same quarter in the prior year, the company posted $0.16 EPS. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Separately, Zacks Investment Research downgraded W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ameresco currently has an average rating of “Buy” and a consensus target price of $18.50.

Shares of AMRC traded up $0.06 during trading hours on Wednesday, hitting $14.17. The stock had a trading volume of 1,429 shares, compared to its average volume of 116,490. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.28. The company has a market capitalization of $692.64 million, a price-to-earnings ratio of 17.64, a P/E/G ratio of 1.03 and a beta of 0.52. The stock has a fifty day simple moving average of $14.41. Ameresco has a 12-month low of $11.73 and a 12-month high of $18.05.

In other Ameresco news, EVP David J. Corrsin sold 1,756 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $16.50, for a total value of $28,974.00. Following the transaction, the executive vice president now owns 1,038,872 shares of the company’s stock, valued at $17,141,388. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nickolas Stavropoulos bought 4,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was acquired at an average cost of $15.19 per share, for a total transaction of $60,760.00. Following the acquisition, the director now directly owns 4,000 shares of the company’s stock, valued at $60,760. The disclosure for this purchase can be found here. 57.93% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royce & Associates LP raised its holdings in shares of Ameresco by 27.8% during the first quarter. Royce & Associates LP now owns 727,019 shares of the utilities provider’s stock valued at $11,763,000 after buying an additional 158,060 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Ameresco by 9.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,519,356 shares of the utilities provider’s stock worth $21,423,000 after acquiring an additional 127,758 shares during the period. Handelsbanken Fonder AB grew its holdings in Ameresco by 29.9% during the first quarter. Handelsbanken Fonder AB now owns 539,750 shares of the utilities provider’s stock worth $8,733,000 after acquiring an additional 124,308 shares during the period. Marshall Wace LLP acquired a new stake in Ameresco during the first quarter worth about $1,838,000. Finally, BlackRock Inc. grew its holdings in Ameresco by 3.8% during the fourth quarter. BlackRock Inc. now owns 1,046,902 shares of the utilities provider’s stock worth $14,762,000 after acquiring an additional 37,928 shares during the period. 29.09% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Ameresco (NYSE:AMRC)

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