Equities Analysts Issue Forecasts for Ameresco Q1 Earnings

Ameresco, Inc. (NYSE:AMRC - Free Report) - Stock analysts at B. Riley dropped their Q1 2025 earnings per share (EPS) estimates for Ameresco in a research report issued on Tuesday, April 29th. B. Riley analyst R. Pfingst now expects that the utilities provider will post earnings of ($0.39) per share for the quarter, down from their previous estimate of ($0.36). The consensus estimate for Ameresco's current full-year earnings is $1.15 per share.

Other analysts also recently issued research reports about the company. Stifel Nicolaus dropped their target price on Ameresco from $34.00 to $18.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Robert W. Baird reaffirmed 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. Canaccord Genuity Group decreased their target price on shares of Ameresco from $36.00 to $27.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. UBS Group lowered shares of Ameresco from a "buy" rating to a "sell" rating and cut their price target for the company from $37.00 to $8.00 in a research report on Tuesday, March 4th. Finally, Baird R W downgraded Ameresco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Ameresco presently has a consensus rating of "Hold" and a consensus target price of $22.83.

Ameresco Price Performance

AMRC stock traded down $0.42 during mid-day trading on Thursday, hitting $11.58. 572,478 shares of the stock were exchanged, compared to its average volume of 508,325. The business has a fifty day moving average price of $11.17 and a 200 day moving average price of $20.30. Ameresco has a 12 month low of $8.49 and a 12 month high of $39.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The stock has a market capitalization of $608.42 million, a price-to-earnings ratio of 11.58, a PEG ratio of 0.49 and a beta of 2.02.

Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.12. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The firm had revenue of $532.67 million for the quarter, compared to analysts' expectations of $524.31 million.

Institutional Investors Weigh In On Ameresco

Several hedge funds have recently bought and sold shares of AMRC. First Eagle Investment Management LLC lifted its holdings in shares of Ameresco by 87.7% during the fourth quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider's stock valued at $9,888,000 after purchasing an additional 196,776 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Ameresco by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider's stock worth $74,767,000 after acquiring an additional 37,359 shares in the last quarter. Barclays PLC grew its stake in shares of Ameresco by 204.2% in the third quarter. Barclays PLC now owns 59,248 shares of the utilities provider's stock worth $2,248,000 after acquiring an additional 39,773 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Ameresco by 96.8% in the fourth quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider's stock worth $1,060,000 after buying an additional 22,197 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Ameresco by 29.8% during the fourth quarter. Invesco Ltd. now owns 321,982 shares of the utilities provider's stock valued at $7,560,000 after buying an additional 73,928 shares during the last quarter. Institutional investors own 99.24% of the company's stock.

Insider Activity at Ameresco

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