Ameresco (AMRC) Set to Announce Quarterly Earnings on Monday

Ameresco (NYSE:AMRC) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, August 3rd. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Ameresco has set its FY 2020
After-Hours guidance at 0.86-0.96 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The firm had revenue of $212.41 million during the quarter, compared to analysts’ expectations of $167.33 million. Ameresco had a net margin of 5.00% and a return on equity of 11.23%. On average, analysts expect Ameresco to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of AMRC stock opened at $27.68 on Friday. The stock’s 50-day moving average is $26.78 and its two-hundred day moving average is $21.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.36 and a current ratio of 1.39. Ameresco has a 1 year low of $13.11 and a 1 year high of $32.48. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 1.75 and a beta of 0.56.

A number of analysts recently issued reports on AMRC shares. Zacks Investment Research raised Ameresco from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a research report on Tuesday, July 7th. Raymond James lowered shares of Ameresco from a “strong-buy” rating to a “market perform” rating and set a $31.00 target price on the stock. in a research report on Wednesday, July 22nd. They noted that the move was a valuation call. Canaccord Genuity upped their price target on shares of Ameresco from $26.00 to $29.00 in a research report on Wednesday, June 10th. Craig Hallum initiated coverage on shares of Ameresco in a research report on Tuesday, June 9th. They set a “buy” rating and a $33.00 price objective on the stock. Finally, B. Riley assumed coverage on shares of Ameresco in a report on Friday, June 12th. They issued a “buy” rating and a $27.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ameresco currently has an average rating of “Buy” and a consensus target price of $29.29.

In other Ameresco news, CAO Mark Chiplock sold 6,000 shares of Ameresco stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $23.50, for a total value of $141,000.00. Following the sale, the chief accounting officer now owns 6,000 shares of the company’s stock, valued at approximately $141,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francis V. Wisneski, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $19.44, for a total value of $38,880.00. Following the transaction, the director now owns 82,676 shares in the company, valued at approximately $1,607,221.44. The disclosure for this sale can be found here. Insiders sold a total of 248,399 shares of company stock worth $5,978,899 over the last three months. 55.86% of the stock is currently owned by corporate insiders.

Ameresco Company Profile

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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Earnings History for Ameresco (NYSE:AMRC)

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