FY2022 EPS Estimates for Ameresco, Inc. (NYSE:AMRC) Lifted by Analyst

Ameresco, Inc. (NYSE:AMRCGet Rating) – Equities research analysts at Oppenheimer raised their FY2022 earnings per share (EPS) estimates for shares of Ameresco in a report released on Tuesday, August 2nd. Oppenheimer analyst N. Kaye now expects that the utilities provider will post earnings of $1.98 per share for the year, up from their previous forecast of $1.90. The consensus estimate for Ameresco’s current full-year earnings is $1.88 per share. Oppenheimer also issued estimates for Ameresco’s Q4 2022 earnings at $0.52 EPS and FY2024 earnings at $2.64 EPS.

AMRC has been the topic of a number of other research reports. Canaccord Genuity Group reduced their price target on Ameresco from $85.00 to $62.00 in a research note on Tuesday, May 3rd. Roth Capital reduced their price target on Ameresco from $52.00 to $44.00 in a research note on Tuesday, May 3rd. Raymond James reduced their price target on Ameresco from $85.00 to $65.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 12th. Piper Sandler reduced their price target on Ameresco from $62.00 to $57.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 19th. Finally, Stifel Nicolaus dropped their price objective on Ameresco from $91.00 to $82.00 and set a “maintains” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Ameresco currently has an average rating of “Hold” and an average price target of $69.85.

Ameresco Price Performance

AMRC stock opened at $63.97 on Wednesday. Ameresco has a 1 year low of $40.73 and a 1 year high of $101.86. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.11 and a current ratio of 2.14. The stock’s 50 day moving average price is $50.10 and its 200 day moving average price is $56.81. The firm has a market cap of $3.31 billion, a P/E ratio of 35.74, a PEG ratio of 1.23 and a beta of 1.22.

Ameresco (NYSE:AMRCGet Rating) last announced its quarterly earnings results on Monday, August 1st. The utilities provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.45 by $0.17. Ameresco had a return on equity of 14.32% and a net margin of 5.47%. During the same quarter last year, the business posted $0.34 EPS.

Institutional Trading of Ameresco

Large investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new stake in Ameresco in the 1st quarter valued at $50,000. FNY Investment Advisers LLC purchased a new position in Ameresco in the 1st quarter valued at about $64,000. Trust Co. of Vermont purchased a new position in Ameresco in the 2nd quarter valued at about $75,000. Sageworth Trust Co purchased a new position in Ameresco in the 2nd quarter valued at about $150,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in Ameresco in the 1st quarter valued at about $160,000. 51.21% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Company Profile

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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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