Ameresco (NYSE:AMRC) Releases Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Ameresco (NYSE:AMRC) released its earnings results on Monday. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.15), Briefing.com reports. Ameresco had a return on equity of 6.67% and a net margin of 4.17%. The company had revenue of $437.98 million during the quarter, compared to analyst estimates of $373.75 million. During the same period in the prior year, the business posted $0.15 earnings per share. Ameresco’s revenue was up 33.9% on a year-over-year basis.

Ameresco Trading Up 7.1 %

NYSE AMRC opened at $28.76 on Wednesday. The stock has a market cap of $1.51 billion, a P/E ratio of 26.15, a PEG ratio of 0.86 and a beta of 1.78. The company’s fifty day simple moving average is $31.57 and its 200-day simple moving average is $25.92. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.09. Ameresco has a 52 week low of $17.55 and a 52 week high of $52.01.

Wall Street Analysts Forecast Growth

AMRC has been the topic of a number of research analyst reports. Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a report on Wednesday, April 17th. B. Riley raised Ameresco to a “strong-buy” rating in a research report on Tuesday, June 25th. Robert W. Baird raised their price objective on Ameresco from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Stifel Nicolaus decreased their target price on Ameresco from $35.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, Truist Financial dropped their target price on shares of Ameresco from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $38.00.

Insider Activity at Ameresco

In other news, CAO Mark Chiplock sold 3,000 shares of Ameresco stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $35.00, for a total transaction of $105,000.00. Following the sale, the chief accounting officer now directly owns 348 shares of the company’s stock, valued at $12,180. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 42.00% of the company’s stock.

About Ameresco

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.