Ameresco (NYSE:AMRC) Issues FY22 Earnings Guidance

Ameresco (NYSE:AMRCGet Rating) issued an update on its FY22 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.85-1.95 for the period, compared to the Thomson Reuters consensus estimate of $1.90. The company issued revenue guidance of $1.83-1.87 billion, compared to the consensus revenue estimate of $1.85 billion.Ameresco also updated its Q1 guidance to $0.36 EPS.

AMRC stock opened at $51.85 on Tuesday. The business has a 50 day moving average of $67.37. The stock has a market cap of $2.68 billion, a P/E ratio of 38.69, a price-to-earnings-growth ratio of 1.05 and a beta of 1.03. Ameresco has a 12-month low of $42.53 and a 12-month high of $101.86. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.54.

Ameresco (NYSE:AMRCGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The utilities provider reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.05. 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 firm earned $0.25 EPS. As a group, analysts expect that Ameresco will post 1.88 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Ameresco from $88.00 to $61.00 and set a buy rating for the company in a report on Thursday, February 3rd. StockNews.com started coverage on shares of Ameresco in a research note on Thursday, March 31st. They issued a sell rating for the company. Bank of America lowered shares of Ameresco from a buy rating to a neutral rating and dropped their price target for the stock from $85.00 to $81.00 in a research note on Thursday, March 24th. Canaccord Genuity Group cut their price target on shares of Ameresco from $100.00 to $85.00 in a report on Tuesday, March 1st. Finally, Zacks Investment Research cut shares of Ameresco from a buy rating to a hold rating in a report on Wednesday, March 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ameresco has an average rating of Hold and an average price target of $78.58.

In related news, CFO Spencer Doran Hole sold 16,000 shares of the stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $75.48, for a total transaction of $1,207,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas I. Foy sold 5,000 shares of the stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $77.65, for a total value of $388,250.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,984 shares of company stock valued at $2,298,166. 41.88% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its stake in Ameresco by 1.0% during the 4th quarter. Alliancebernstein L.P. now owns 31,535 shares of the utilities provider’s stock valued at $2,568,000 after purchasing an additional 300 shares during the period. Schonfeld Strategic Advisors LLC lifted its position 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 worth $432,000 after acquiring an additional 782 shares during the period. California State Teachers Retirement System lifted its position in shares of Ameresco by 2.5% in the 4th quarter. California State Teachers Retirement System now owns 39,457 shares of the utilities provider’s stock worth $3,213,000 after acquiring an additional 977 shares during the period. Deutsche Bank AG lifted its position in shares of Ameresco by 2.3% in the 4th quarter. Deutsche Bank AG now owns 59,415 shares of the utilities provider’s stock worth $4,840,000 after acquiring an additional 1,349 shares during the period. Finally, Vident Investment Advisory LLC lifted its position 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 worth $406,000 after acquiring an additional 1,404 shares during the period. Hedge funds and other institutional investors own 51.21% of the company’s stock.

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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Earnings History and Estimates for Ameresco (NYSE:AMRC)

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