William Blair Equities Analysts Increase Earnings Estimates for Ameresco, Inc. (NYSE:AMRC)

Ameresco, Inc. (NYSE:AMRC - Free Report) - Analysts at William Blair boosted their Q3 2024 earnings per share (EPS) estimates for Ameresco in a note issued to investors on Tuesday, May 7th. William Blair analyst T. Mulrooney now expects that the utilities provider will post earnings per share of $0.48 for the quarter, up from their prior forecast of $0.44. The consensus estimate for Ameresco's current full-year earnings is $1.39 per share. William Blair also issued estimates for Ameresco's Q4 2024 earnings at $0.72 EPS, FY2024 earnings at $1.35 EPS and FY2025 earnings at $1.64 EPS.

AMRC has been the topic of several other reports. Truist Financial lowered their price target on shares of Ameresco from $40.00 to $37.00 and set a "buy" rating for the company in a report on Monday, April 22nd. Raymond James cut their target price on Ameresco from $40.00 to $35.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 3rd. Oppenheimer restated a "market perform" rating on shares of Ameresco in a research report on Wednesday, April 17th. StockNews.com upgraded shares of Ameresco to a "sell" rating in a research report on Wednesday. Finally, Piper Sandler lowered their target price on shares of Ameresco from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Ameresco has a consensus rating of "Moderate Buy" and an average target price of $40.42.

Ameresco Price Performance

Ameresco stock traded down $0.34 during mid-day trading on Friday, reaching $27.62. 600,956 shares of the company's stock traded hands, compared to its average volume of 535,108. Ameresco has a 12-month low of $17.55 and a 12-month high of $63.19. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 0.65 and a beta of 1.60. The stock has a 50 day moving average of $21.58 and a two-hundred day moving average of $24.74. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 1.26.

Ameresco (NYSE:AMRC - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.01. The business had revenue of $298.41 million for the quarter, compared to the consensus estimate of $255.38 million. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The company's revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Hedge Funds Weigh In On Ameresco

Several institutional investors have recently made changes to their positions in AMRC. Vanguard Group Inc. grew its holdings in Ameresco by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 3,145,838 shares of the utilities provider's stock worth $75,909,000 after acquiring an additional 36,303 shares in the last quarter. Wellington Management Group LLP increased its holdings in Ameresco by 17.8% during the third quarter. Wellington Management Group LLP now owns 1,169,158 shares of the utilities provider's stock valued at $45,083,000 after buying an additional 176,971 shares during the period. Dimensional Fund Advisors LP raised its stake in Ameresco by 13.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 912,198 shares of the utilities provider's stock worth $28,890,000 after buying an additional 110,204 shares in the last quarter. First Trust Advisors LP lifted its holdings in Ameresco by 59.9% during the fourth quarter. First Trust Advisors LP now owns 793,437 shares of the utilities provider's stock worth $25,128,000 after buying an additional 297,236 shares during the period. Finally, BNP Paribas Asset Management Holding S.A. bought a new stake in Ameresco during the 4th quarter valued at $22,650,000. Hedge funds and other institutional investors own 99.24% of the company's stock.

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.