Ameresco Inc (NYSE:AMRC) – Analysts at Oppenheimer raised their Q4 2019 earnings per share (EPS) estimates for Ameresco in a research note issued to investors on Tuesday, November 5th. Oppenheimer analyst N. Kaye now forecasts that the utilities provider will post earnings per share of $0.39 for the quarter, up from their prior estimate of $0.35.
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Ameresco from a “sell” rating to a “hold” rating in a report on Friday, November 1st. ValuEngine raised shares of Ameresco from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ameresco has an average rating of “Buy” and a consensus target price of $18.63.
AMRC stock opened at $15.54 on Friday. The company has a market capitalization of $715.21 million, a P/E ratio of 19.19, a PEG ratio of 1.09 and a beta of 0.39. The company has a 50-day simple moving average of $15.04 and a 200 day simple moving average of $14.79. Ameresco has a fifty-two week low of $13.11 and a fifty-two week high of $18.05. The company has a quick ratio of 1.47, a current ratio of 1.51 and a debt-to-equity ratio of 0.65.
Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.08). The company had revenue of $212.03 million during the quarter, compared to analyst estimates of $235.41 million. Ameresco had a return on equity of 7.53% and a net margin of 4.35%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 EPS.
In other Ameresco news, EVP David J. Corrsin sold 60,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $16.00, for a total value of $960,000.00. Following the completion of the sale, the executive vice president now directly owns 1,037,722 shares of the company’s stock, valued at approximately $16,603,552. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jennifer L. Miller purchased 4,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was acquired at an average cost of $14.15 per share, with a total value of $56,600.00. Following the completion of the acquisition, the director now directly owns 12,000 shares in the company, valued at approximately $169,800. The disclosure for this purchase can be found here. Insiders sold a total of 433,400 shares of company stock valued at $6,285,737 over the last three months. 55.86% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Montreal Can lifted its holdings in Ameresco by 335.9% in the 2nd quarter. Bank of Montreal Can now owns 2,345 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 1,807 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in Ameresco in the 2nd quarter valued at about $145,000. Candriam Luxembourg S.C.A. purchased a new stake in Ameresco during the second quarter valued at about $242,000. Guinness Atkinson Asset Management Inc lifted its stake in Ameresco by 20.4% during the second quarter. Guinness Atkinson Asset Management Inc now owns 18,300 shares of the utilities provider’s stock valued at $270,000 after buying an additional 3,100 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Ameresco by 3.6% during the second quarter. AQR Capital Management LLC now owns 22,149 shares of the utilities provider’s stock valued at $326,000 after buying an additional 775 shares in the last quarter. 31.00% of the stock is owned by 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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