Brokerages predict that Ameresco Inc (NYSE:AMRC) will announce $168.70 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Ameresco’s earnings, with the highest sales estimate coming in at $177.70 million and the lowest estimate coming in at $159.40 million. Ameresco posted sales of $167.41 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.8%. The company is expected to announce its next earnings results on Tuesday, May 7th.
According to Zacks, analysts expect that Ameresco will report full-year sales of $861.90 million for the current financial year, with estimates ranging from $858.00 million to $865.10 million. For the next financial year, analysts expect that the business will post sales of $914.20 million, with estimates ranging from $900.00 million to $932.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Ameresco.
Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Wednesday, March 6th. The utilities provider reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. Ameresco had a net margin of 4.83% and a return on equity of 10.56%. The company had revenue of $217.40 million for the quarter, compared to the consensus estimate of $227.53 million. During the same period in the prior year, the firm posted $0.52 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year.
Shares of Ameresco stock traded down $0.03 during trading hours on Tuesday, hitting $16.18. The company had a trading volume of 170,168 shares, compared to its average volume of 180,788. Ameresco has a twelve month low of $11.00 and a twelve month high of $18.05. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 0.58. The stock has a market cap of $743.89 million, a price-to-earnings ratio of 19.98, a PEG ratio of 1.11 and a beta of 0.61.
In related news, insider Michael T. Bakas sold 13,108 shares of the stock in a transaction on Friday, January 11th. The shares were sold at an average price of $15.26, for a total transaction of $200,028.08. Following the completion of the sale, the insider now owns 136,107 shares in the company, valued at approximately $2,076,992.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David Anderson sold 7,819 shares of the stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $15.50, for a total transaction of $121,194.50. Following the sale, the insider now owns 242,181 shares of the company’s stock, valued at approximately $3,753,805.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 169,063 shares of company stock valued at $2,689,266. 57.93% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new stake in Ameresco during the 4th quarter worth $25,000. Advisor Group Inc. acquired a new stake in Ameresco during the 4th quarter worth $75,000. Metropolitan Life Insurance Co. NY acquired a new stake in Ameresco during the 4th quarter worth $99,000. MetLife Investment Advisors LLC acquired a new stake in Ameresco during the 4th quarter worth $136,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Ameresco during the 4th quarter worth $163,000. Hedge funds and other institutional investors own 29.82% of the company’s stock.
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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