Ameresco (AMRC) Scheduled to Post Earnings on Tuesday

Ameresco (NYSE:AMRC) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The company had revenue of $441.40 million for the quarter, compared to analysts’ expectations of $399.98 million. During the same period in the prior year, the firm earned $0.35 earnings per share. The firm’s revenue was up 33.1% compared to the same quarter last year. On average, analysts expect Ameresco to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ameresco Trading Up 1.2 %

Shares of NYSE AMRC opened at $21.73 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $1.14 billion, a PE ratio of 18.62, a PEG ratio of 0.62 and a beta of 1.56. Ameresco has a twelve month low of $17.55 and a twelve month high of $63.19. The stock has a fifty day simple moving average of $21.08 and a 200-day simple moving average of $25.26.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AMRC shares. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research note on Wednesday, April 17th. Truist Financial reduced their target price on shares of Ameresco from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Guggenheim restated a “neutral” rating on shares of Ameresco in a research note on Thursday, February 29th. B. Riley reduced their price objective on Ameresco from $46.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Finally, Raymond James lowered their target price on Ameresco from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Ameresco currently has an average rating of “Moderate Buy” and an average target price of $44.69.

Ameresco Company Profile

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.