Wall Street analysts expect Ameresco Inc (NYSE:AMRC) to announce $142.55 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Ameresco’s earnings, with the highest sales estimate coming in at $150.00 million and the lowest estimate coming in at $135.10 million. Ameresco posted sales of $134.61 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.9%. The business is expected to issue its next earnings results on Tuesday, May 1st.
On average, analysts expect that Ameresco will report full year sales of $142.55 million for the current year, with estimates ranging from $780.00 million to $781.60 million. For the next fiscal year, analysts anticipate that the firm will report sales of $850.00 million per share. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Ameresco.
Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Tuesday, March 6th. The utilities provider reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.34. The company had revenue of $211.10 million during the quarter, compared to analyst estimates of $187.00 million. Ameresco had a net margin of 5.23% and a return on equity of 11.18%. The company’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the business posted $0.08 earnings per share.
In other Ameresco news, EVP Louis P. Maltezos sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $11.95, for a total value of $59,750.00. Following the completion of the sale, the executive vice president now owns 5,000 shares of the company’s stock, valued at approximately $59,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph P. Demanche sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $9.00, for a total transaction of $90,000.00. Following the completion of the sale, the insider now directly owns 140,000 shares of the company’s stock, valued at approximately $1,260,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,240 shares of company stock worth $1,468,100. 58.36% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of AMRC. Parametric Portfolio Associates LLC grew its holdings in Ameresco by 8.8% in the second quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 1,529 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of Ameresco in the second quarter valued at $148,000. The Manufacturers Life Insurance Company lifted its position in shares of Ameresco by 121.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 17,587 shares of the utilities provider’s stock valued at $151,000 after purchasing an additional 9,651 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Ameresco during the third quarter valued at about $167,000. Finally, Wells Fargo & Company MN lifted its position in shares of Ameresco by 84.7% during the second quarter. Wells Fargo & Company MN now owns 28,170 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 12,915 shares in the last quarter. 25.78% of the stock is owned by institutional investors.
Ameresco stock traded down $0.05 on Thursday, reaching $11.95. 163,902 shares of the company’s stock were exchanged, compared to its average volume of 177,922. The company has a quick ratio of 1.38, a current ratio of 1.42 and a debt-to-equity ratio of 0.51. Ameresco has a 12-month low of $5.25 and a 12-month high of $12.55. The firm has a market cap of $543.76, a price-to-earnings ratio of 15.93, a PEG ratio of 1.26 and a beta of 1.15.
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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