Ameresco Inc (NYSE:AMRC) – Equities researchers at Oppenheimer issued their Q1 2018 earnings per share (EPS) estimates for shares of Ameresco in a report issued on Tuesday. Oppenheimer analyst N. Kaye expects that the utilities provider will post earnings per share of $0.02 for the quarter. Oppenheimer also issued estimates for Ameresco’s Q2 2018 earnings at $0.10 EPS.
A number of other brokerages have also recently commented on AMRC. Roth Capital set a $13.00 price target on Ameresco and gave the company a “buy” rating in a research report on Wednesday. Canaccord Genuity set a $11.50 price target on Ameresco and gave the company a “buy” rating in a research report on Sunday, March 4th. Finally, Zacks Investment Research raised Ameresco from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $11.38.
Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Tuesday, March 6th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.34. Ameresco had a return on equity of 11.18% and a net margin of 5.23%. The firm had revenue of $211.10 million during the quarter, compared to the consensus estimate of $187.00 million. During the same quarter in the prior year, the company earned $0.08 EPS. The business’s revenue for the quarter was up 21.2% on a year-over-year basis.
In related news, insider Joseph P. Demanche sold 10,000 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $9.00, for a total transaction of $90,000.00. Following the sale, the insider now owns 140,000 shares of the company’s stock, valued at approximately $1,260,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph P. Demanche sold 13,575 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $10.00, for a total value of $135,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 80,000 shares of company stock worth $763,387 in the last ninety days. Insiders own 58.36% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Ameresco by 121.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 17,587 shares of the utilities provider’s stock valued at $151,000 after acquiring an additional 9,651 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Ameresco by 8.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock valued at $146,000 after acquiring an additional 1,529 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Ameresco in the 2nd quarter valued at about $148,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Ameresco in the 3rd quarter valued at about $167,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Ameresco by 84.7% in the 2nd quarter. Wells Fargo & Company MN now owns 28,170 shares of the utilities provider’s stock valued at $217,000 after acquiring an additional 12,915 shares in the last quarter. 25.78% of the stock is currently owned by institutional investors and hedge funds.
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Ameresco Company Profile
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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