Ameresco (NYSE:AMRC – Get Rating) is set to release its earnings data after the market closes on Monday, May 2nd. Analysts expect Ameresco to post earnings of $0.31 per share for the quarter. Ameresco has set its FY 2022 guidance at $1.850-$1.950 EPS and its FY22 guidance at $1.85-1.95 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.
Ameresco (NYSE:AMRC – Get Rating) last released its quarterly earnings results on Monday, February 28th. The utilities provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $415.89 million for the quarter, compared to analyst estimates of $414.83 million. Ameresco had a net margin of 5.80% and a return on equity of 11.94%. During the same period in the prior year, the business earned $0.47 earnings per share. On average, analysts expect Ameresco to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
AMRC stock opened at $51.79 on Monday. The firm has a 50 day simple moving average of $67.69. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 1.10 and a beta of 0.78. Ameresco has a 12 month low of $42.53 and a 12 month high of $101.86. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.54.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its holdings in shares of Ameresco by 410.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,891 shares of the utilities provider’s stock valued at $344,000 after buying an additional 4,738 shares during the period. Vident Investment Advisory LLC boosted its holdings in shares of Ameresco by 39.2% in the 4th quarter. Vident Investment Advisory LLC now owns 4,985 shares of the utilities provider’s stock valued at $406,000 after buying an additional 1,404 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Ameresco by 17.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 5,304 shares of the utilities provider’s stock valued at $432,000 after buying an additional 782 shares during the period. Guggenheim Capital LLC acquired a new position in shares of Ameresco in the 4th quarter valued at about $633,000. Finally, Weiss Multi Strategy Advisers LLC acquired a new position in shares of Ameresco in the 4th quarter valued at about $742,000. 49.22% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently issued reports on the stock. Raymond James raised their target price on shares of Ameresco from $70.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 5th. Bank of America lowered shares of Ameresco from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $85.00 to $81.00 in a research report on Thursday, March 24th. Canaccord Genuity Group decreased their target price on shares of Ameresco from $100.00 to $85.00 in a research report on Tuesday, March 1st. StockNews.com assumed coverage on shares of Ameresco in a research report on Thursday, March 31st. They set a “sell” rating on the stock. Finally, Robert W. Baird decreased their target price on shares of Ameresco from $77.00 to $73.00 in a research report on Tuesday, March 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $78.83.
Ameresco Company Profile (Get Rating)
Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.
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