Ameresco (NYSE:AMRC) Announces Earnings Results

Ameresco (NYSE:AMRC - Get Free Report) announced its quarterly earnings results on Monday. The utilities provider reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.26) by $0.15, Zacks reports. The company had revenue of $352.83 million during the quarter, compared to analysts' expectations of $323.71 million. Ameresco had a return on equity of 5.68% and a net margin of 3.18%. The business's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. Ameresco updated its FY 2025 guidance to 0.700-0.900 EPS.

Ameresco Stock Up 3.8 %

NYSE AMRC traded up $0.48 on Thursday, reaching $13.15. The stock had a trading volume of 248,269 shares, compared to its average volume of 515,968. The company has a market capitalization of $690.91 million, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.49 and a beta of 2.20. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. Ameresco has a 1 year low of $8.49 and a 1 year high of $39.68. The business has a 50 day moving average price of $10.95 and a 200 day moving average price of $20.06.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. UBS Group lowered shares of Ameresco from a "buy" rating to a "sell" rating and decreased their price target for the company from $37.00 to $8.00 in a report on Tuesday, March 4th. Canaccord Genuity Group increased their target price on shares of Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday. Stifel Nicolaus cut their target price on Ameresco from $34.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Robert W. Baird restated a "neutral" rating and issued a $13.00 price objective (down previously from $25.00) on shares of Ameresco in a research note on Tuesday, April 15th. Finally, Baird R W cut Ameresco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.33.

Insider Activity at Ameresco

In other news, Director Francis V. Wisneski, Jr. bought 3,500 shares of Ameresco stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $9.67 per share, for a total transaction of $33,845.00. Following the purchase, the director now directly owns 17,738 shares in the company, valued at approximately $171,526.46. This represents a 24.58 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George P. Sakellaris acquired 25,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $9.27 per share, with a total value of $231,750.00. Following the acquisition, the chief executive officer now owns 978,638 shares in the company, valued at $9,071,974.26. The trade was a 2.62 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 80,808 shares of company stock valued at $785,274 in the last 90 days. 42.00% of the stock is owned by corporate insiders.

Ameresco Company Profile

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.