Ameresco (NYSE:AMRC - Get Free Report) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.700-0.900 for the period, compared to the consensus earnings per share estimate of 0.769. The company issued revenue guidance of $1.9 billion-$2.0 billion, compared to the consensus revenue estimate of $1.9 billion.
Ameresco Stock Performance
NYSE AMRC traded down $4.40 during trading hours on Wednesday, hitting $20.48. The company had a trading volume of 873,255 shares, compared to its average volume of 678,594. Ameresco has a 1-year low of $8.49 and a 1-year high of $39.68. The company has a market cap of $1.08 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 0.79 and a beta of 2.27. The business has a 50 day moving average of $16.57 and a 200-day moving average of $15.16. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.56 and a current ratio of 1.57.
Ameresco (NYSE:AMRC - Get Free Report) last issued its earnings results on Monday, August 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.21. Ameresco had a net margin of 3.34% and a return on equity of 7.09%. The company had revenue of $472.28 million during the quarter, compared to analysts' expectations of $415.30 million. During the same period last year, the company posted $0.10 earnings per share. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts expect that Ameresco will post 1.15 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. UBS Group reaffirmed a "sell" rating and set a $11.00 price objective on shares of Ameresco in a research report on Tuesday, June 3rd. Robert W. Baird reissued a "neutral" rating and issued a $13.00 price target (down from $25.00) on shares of Ameresco in a report on Tuesday, April 15th. Jefferies Financial Group increased their target price on shares of Ameresco from $11.00 to $19.00 and gave the stock a "hold" rating in a research report on Wednesday, July 23rd. Canaccord Genuity Group raised their target price on shares of Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen lowered shares of Ameresco from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Ameresco has an average rating of "Hold" and an average price target of $18.33.
View Our Latest Stock Report on AMRC
Institutional Investors Weigh In On Ameresco
A number of institutional investors have recently modified their holdings of AMRC. AQR Capital Management LLC bought a new stake in Ameresco during the first quarter worth about $820,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ameresco by 2.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider's stock worth $513,000 after acquiring an additional 884 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Ameresco by 23.6% during the first quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider's stock worth $2,687,000 after acquiring an additional 42,499 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in Ameresco in the 1st quarter valued at approximately $1,187,000. Institutional investors own 99.24% of the company's stock.
About Ameresco
(
Get Free Report)
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.
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