Ameresco Inc (NYSE:AMRC) – B. Riley cut their Q1 2019 EPS estimates for shares of Ameresco in a research report issued on Tuesday, April 23rd. B. Riley analyst C. Horn now forecasts that the utilities provider will post earnings of ($0.02) per share for the quarter, down from their previous estimate of $0.10. B. Riley currently has a “Buy” rating and a $19.00 target price on the stock. B. Riley also issued estimates for Ameresco’s Q1 2020 earnings at ($0.01) EPS.
A number of other analysts have also commented on the company. Zacks Investment Research lowered Ameresco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 21st. Canaccord Genuity boosted their target price on Ameresco from $16.50 to $19.50 and gave the company a “buy” rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $18.50.
Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Wednesday, March 6th. The utilities provider reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Ameresco had a return on equity of 10.56% and a net margin of 4.83%. The firm had revenue of $217.40 million during the quarter, compared to analyst estimates of $227.53 million. During the same period last year, the company posted $0.52 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis.
In other Ameresco news, Director Joseph W. Sutton sold 10,918 shares of Ameresco stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $18.01, for a total transaction of $196,633.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Anderson sold 7,819 shares of Ameresco stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $15.50, for a total value of $121,194.50. Following the transaction, 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. Insiders sold a total of 244,945 shares of company stock valued at $3,959,552 over the last ninety days. 57.93% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in AMRC. BlackRock Inc. boosted its stake in Ameresco by 3.9% during the 3rd quarter. BlackRock Inc. now owns 1,008,974 shares of the utilities provider’s stock valued at $13,773,000 after purchasing an additional 38,236 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Ameresco by 7.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,391,598 shares of the utilities provider’s stock valued at $18,995,000 after purchasing an additional 101,884 shares during the last quarter. Citadel Advisors LLC boosted its stake in Ameresco by 100.4% during the 3rd quarter. Citadel Advisors LLC now owns 22,514 shares of the utilities provider’s stock valued at $307,000 after purchasing an additional 11,277 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Ameresco during the 4th quarter valued at about $25,000. Finally, Nachman Norwood & Parrott Inc acquired a new position in Ameresco during the 4th quarter valued at about $180,000. Institutional investors and hedge funds own 29.88% 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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