Ameresco (NYSE:AMRC) Updates FY19 Earnings Guidance

Ameresco (NYSE:AMRC) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.77-0.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.78. The company issued revenue guidance of $845-885 million, compared to the consensus revenue estimate of $853.57 million.Ameresco also updated its FY 2019 guidance to $0.77-0.85 EPS.

Shares of AMRC traded down $0.07 during mid-day trading on Friday, hitting $14.40. 84,262 shares of the stock were exchanged, compared to its average volume of 86,981. The stock has a market cap of $701.40 million, a P/E ratio of 17.78, a PEG ratio of 1.03 and a beta of 0.54. Ameresco has a 52-week low of $11.73 and a 52-week high of $18.05. The stock has a 50-day simple moving average of $14.33. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59.

Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The business had revenue of $198.20 million for the quarter, compared to analysts’ expectations of $196.95 million. Ameresco had a return on equity of 8.37% and a net margin of 4.62%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 EPS. On average, analysts predict that Ameresco will post 0.81 EPS for the current fiscal year.

AMRC has been the topic of several recent research reports. Zacks Investment Research cut Ameresco from a buy rating to a hold rating in a report on Wednesday, May 1st. ValuEngine cut Ameresco from a buy rating to a hold rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Ameresco currently has an average rating of Buy and a consensus price target of $18.50.

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.

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Earnings History and Estimates for Ameresco (NYSE:AMRC)

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