Ameresco (AMRC) Updates FY 2018 Earnings Guidance

Ameresco (NYSE:AMRC) issued an update on its FY 2018 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.71-0.79 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.71. The company issued revenue guidance of $780-820 million, compared to the consensus revenue estimate of $798.9 million.

Shares of AMRC traded up $1.74 during trading hours on Wednesday, reaching $16.27. 16,493 shares of the company traded hands, compared to its average volume of 139,483. The firm has a market capitalization of $576.87 million, a PE ratio of 21.49, a price-to-earnings-growth ratio of 1.03 and a beta of 0.79. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.53. Ameresco has a 12-month low of $7.65 and a 12-month high of $15.35.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Tuesday, October 30th. The utilities provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The firm had revenue of $205.40 million for the quarter, compared to analyst estimates of $208.40 million. Ameresco had a net margin of 6.15% and a return on equity of 13.83%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. As a group, research analysts anticipate that Ameresco will post 0.71 EPS for the current fiscal year.



AMRC has been the topic of several recent research reports. Roth Capital lowered shares of Ameresco from a buy rating to a neutral rating and lowered their price target for the company from $15.00 to $14.00 in a report on Thursday, October 4th. ValuEngine lowered shares of Ameresco from a buy rating to a hold rating in a report on Thursday, October 4th. Oppenheimer set a $17.00 price target on shares of Ameresco and gave the company a buy rating in a report on Tuesday. Finally, Canaccord Genuity upped their price target on shares of Ameresco from $16.00 to $16.50 and gave the company a buy rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Ameresco has an average rating of Hold and an average price target of $14.63.

In other Ameresco news, insider Louis P. Maltezos sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $14.54, for a total value of $72,700.00. Following the sale, the insider now directly owns 25,000 shares of the company’s stock, valued at $363,500. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Louis P. Maltezos sold 35,000 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $14.91, for a total transaction of $521,850.00. Following the completion of the sale, the insider now directly owns 32,000 shares in the company, valued at $477,120. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,000 shares of company stock worth $863,700. 57.93% of the stock is owned by corporate insiders.

About Ameresco

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.

Further Reading: Fundamental Analysis

Receive News & Ratings for Ameresco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameresco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply