Ameresco (NYSE:AMRC) – Oppenheimer issued their Q3 2018 EPS estimates for Ameresco in a report released on Tuesday, Zacks Investment Research reports. Oppenheimer analyst N. Kaye forecasts that the utilities provider will earn $0.26 per share for the quarter. Oppenheimer also issued estimates for Ameresco’s Q4 2018 earnings at $0.24 EPS and FY2018 earnings at $0.62 EPS.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research raised Ameresco from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Thursday, March 8th. Roth Capital set a $13.00 price target on Ameresco and gave the stock a “buy” rating in a research note on Wednesday, March 7th. Finally, Canaccord Genuity set a $11.50 price target on Ameresco and gave the stock a “buy” rating in a research note on Sunday, March 4th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $11.38.
Ameresco stock traded down $0.60 during mid-day trading on Friday, hitting $12.40. The company’s stock had a trading volume of 188,255 shares, compared to its average volume of 129,289. Ameresco has a 52-week low of $5.25 and a 52-week high of $13.20. The company has a current ratio of 1.42, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The company has a market cap of $591.54, a P/E ratio of 16.32, a P/E/G ratio of 1.37 and a beta of 0.73.
Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Tuesday, March 6th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.34. The firm had revenue of $211.10 million during the quarter, compared to the consensus estimate of $187.00 million. Ameresco had a return on equity of 11.18% and a net margin of 5.23%. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.08 EPS.
In other news, insider Joseph P. Demanche sold 31,425 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $9.71, for a total transaction of $305,136.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Louis P. Maltezos sold 5,000 shares of the stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $11.95, for a total value of $59,750.00. Following the transaction, the executive vice president now directly owns 5,000 shares in the company, valued at approximately $59,750. The disclosure for this sale can be found here. Insiders have sold a total of 143,240 shares of company stock valued at $1,468,100 over the last ninety days. Company insiders own 58.36% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of AMRC. Wells Fargo & Company MN increased its holdings in shares of Ameresco by 84.7% during the 2nd quarter. Wells Fargo & Company MN now owns 28,170 shares of the utilities provider’s stock valued at $217,000 after acquiring an additional 12,915 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Ameresco by 8.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock valued at $146,000 after acquiring an additional 1,529 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ameresco by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 901,970 shares of the utilities provider’s stock valued at $6,945,000 after acquiring an additional 51,041 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Ameresco during the 2nd quarter valued at about $148,000. Finally, State Street Corp increased its holdings in shares of Ameresco by 6.3% during the 2nd quarter. State Street Corp now owns 336,858 shares of the utilities provider’s stock valued at $2,593,000 after acquiring an additional 20,094 shares during the last quarter. 25.78% of the stock is currently owned by institutional investors and hedge funds.
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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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