Ameresco Inc (NYSE:AMRC) – Stock analysts at Oppenheimer upped their Q4 2019 earnings per share estimates for shares of Ameresco in a research note issued on Tuesday, November 5th. Oppenheimer analyst N. Kaye now forecasts that the utilities provider will post earnings of $0.39 per share for the quarter, up from their previous estimate of $0.35.
AMRC has been the subject of a number of other research reports. ValuEngine raised Ameresco from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Zacks Investment Research raised Ameresco from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Ameresco presently has an average rating of “Buy” and a consensus target price of $18.63.
Ameresco (NYSE:AMRC) last released its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08). Ameresco had a return on equity of 7.53% and a net margin of 4.35%. The firm had revenue of $212.03 million during the quarter, compared to analyst estimates of $235.41 million. During the same quarter in the prior year, the company posted $0.23 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis.
A number of institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its position in Ameresco by 3.6% during the second quarter. AQR Capital Management LLC now owns 22,149 shares of the utilities provider’s stock worth $326,000 after purchasing an additional 775 shares during the period. Bank of Montreal Can boosted its position in shares of Ameresco by 335.9% in the second quarter. Bank of Montreal Can now owns 2,345 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 1,807 shares during the period. KBC Group NV boosted its position in shares of Ameresco by 10.4% in the second quarter. KBC Group NV now owns 30,279 shares of the utilities provider’s stock valued at $446,000 after acquiring an additional 2,856 shares during the period. Strs Ohio boosted its position in shares of Ameresco by 7.5% in the second quarter. Strs Ohio now owns 41,800 shares of the utilities provider’s stock valued at $615,000 after acquiring an additional 2,900 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Ameresco by 10.1% in the third quarter. Rhumbline Advisers now owns 32,525 shares of the utilities provider’s stock valued at $523,000 after acquiring an additional 2,981 shares during the period. 31.00% of the stock is owned by hedge funds and other institutional investors.
In other Ameresco news, EVP David J. Corrsin sold 60,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $16.00, for a total transaction of $960,000.00. Following the completion of the sale, the executive vice president now owns 1,037,722 shares of the company’s stock, valued at $16,603,552. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jennifer L. Miller bought 4,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of $14.15 per share, with a total value of $56,600.00. Following the transaction, the director now directly owns 12,000 shares of the company’s stock, valued at $169,800. The disclosure for this purchase can be found here. Insiders have sold 433,400 shares of company stock valued at $6,285,737 in the last ninety days. Company insiders own 55.86% of the company’s stock.
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.
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