Ameresco (NYSE:AMRC) Announces Quarterly Earnings Results

Key Points

• Ameresco reported earnings of $0.27 EPS for the quarter, exceeding analysts' expectations by $0.19.
• The company's stock price increased by 5.6% to reach $16.76 following the earnings announcement.
• Analysts have mixed ratings for Ameresco, with a target price range from $11.00 to $29.00, reflecting uncertainty in the stock's future performance.

Ameresco (NYSE:AMRC - Get Free Report) released its quarterly earnings data on Monday. The utilities provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.21, Zacks reports. Ameresco had a return on equity of 6.32% and a net margin of 2.97%. The business had revenue of $472.28 million during the quarter, compared to analysts' expectations of $415.30 million. During the same quarter last year, the business posted $0.10 EPS. The business's revenue was up 7.8% on a year-over-year basis. Ameresco updated its FY 2025 guidance to 0.700-0.900 EPS.

Ameresco Stock Up 5.6%

Shares of NYSE:AMRC opened at $16.76 on Tuesday. Ameresco has a 52-week low of $8.49 and a 52-week high of $39.68. The firm has a market capitalization of $880.38 million, a P/E ratio of 16.43, a P/E/G ratio of 0.75 and a beta of 2.27. The stock has a 50 day moving average price of $16.35 and a 200-day moving average price of $15.09. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.56 and a current ratio of 1.57.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMRC. Jefferies Financial Group increased their price objective on Ameresco from $11.00 to $19.00 and gave the stock a "hold" rating in a report on Wednesday, July 23rd. Piper Sandler set a $21.00 price objective on Ameresco and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Robert W. Baird reiterated a "neutral" rating and issued a $13.00 price objective (down previously from $25.00) on shares of Ameresco in a report on Tuesday, April 15th. Baird R W cut Ameresco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Finally, Stifel Nicolaus dropped their price objective on Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $18.33.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ameresco by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider's stock valued at $513,000 after buying an additional 884 shares in the last quarter. AQR Capital Management LLC bought a new position in Ameresco during the 1st quarter valued at approximately $820,000. Empowered Funds LLC bought a new position in Ameresco during the 1st quarter valued at approximately $1,187,000. Finally, Goldman Sachs Group Inc. increased its position in Ameresco by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider's stock valued at $2,687,000 after buying an additional 42,499 shares in the last quarter. Institutional investors own 99.24% of the company's stock.

About Ameresco

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.