Equities analysts expect Ameresco Inc (NYSE:AMRC) to report $244.86 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Ameresco's earnings. The lowest sales estimate is $243.47 million and the highest is $246.10 million. Ameresco reported sales of $212.03 million in the same quarter last year, which would suggest a positive year over year growth rate of 15.5%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, November 2nd.
According to Zacks, analysts expect that Ameresco will report full-year sales of $954.57 million for the current year, with estimates ranging from $943.70 million to $972.00 million. For the next year, analysts expect that the firm will post sales of $1.04 billion, with estimates ranging from $1.00 billion to $1.06 billion. Zacks Investment Research's sales calculations are a mean average based on a survey of research firms that follow Ameresco.
Ameresco (NYSE:AMRC) last released its earnings results on Monday, August 3rd. The utilities provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.10. Ameresco had a net margin of 4.36% and a return on equity of 11.00%. The business had revenue of $223.04 million during the quarter, compared to analysts' expectations of $200.34 million.
Several research firms recently weighed in on AMRC. Roth Capital raised their target price on shares of Ameresco from $27.00 to $42.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Oppenheimer raised their target price on shares of Ameresco from $24.00 to $33.00 and gave the company an "outperform" rating in a research note on Tuesday, August 4th. B. Riley lifted their price objective on shares of Ameresco in a research report on Tuesday, August 4th. Canaccord Genuity lifted their price objective on shares of Ameresco from $36.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Zacks Investment Research raised shares of Ameresco from a "hold" rating to a "buy" rating and set a $41.00 price objective for the company in a research report on Friday, October 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of "Buy" and an average price target of $37.43.
NYSE:AMRC opened at $40.75 on Friday. Ameresco has a 1-year low of $13.38 and a 1-year high of $40.91. The company has a current ratio of 1.55, a quick ratio of 1.51 and a debt-to-equity ratio of 0.67. The firm has a fifty day simple moving average of $32.65 and a 200 day simple moving average of $25.87. The stock has a market capitalization of $1.94 billion, a PE ratio of 46.84, a P/E/G ratio of 2.34 and a beta of 0.55.
Several institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in shares of Ameresco by 3.5% in the second quarter. Janney Montgomery Scott LLC now owns 18,288 shares of the utilities provider's stock valued at $508,000 after acquiring an additional 617 shares during the period. Baird Financial Group Inc. boosted its position in shares of Ameresco by 0.5% in the second quarter. Baird Financial Group Inc. now owns 113,919 shares of the utilities provider's stock valued at $1,994,000 after acquiring an additional 620 shares during the period. Otter Creek Advisors LLC boosted its position in shares of Ameresco by 0.5% in the second quarter. Otter Creek Advisors LLC now owns 145,594 shares of the utilities provider's stock valued at $4,044,000 after acquiring an additional 694 shares during the period. Exane Derivatives acquired a new position in Ameresco in the third quarter valued at about $26,000. Finally, Captrust Financial Advisors acquired a new position in Ameresco in the second quarter valued at about $26,000. 39.73% of the stock is owned by institutional investors.
Ameresco Company Profile
Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.
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7 Valuable China Stocks That May Get Delisted
As if investors didn’t have enough to think about in 2020, tensions between the United States and China are continuing to flare up. One of the issues, of course, is the “what did they know and when did they know it” events surrounding the novel coronavirus. There are also issues surrounding global supply chains and the fate of 5G networking.
But another issue that should be drawing the concern of investors is the threat of Chinese stocks being delisted from American exchanges. On Friday, June 26 Luckin Coffee was delisted from the NASDAQ. The company had been in hot water since reports early this year that it had credited itself with thousands of phantom sales.
But that isn’t the reason for the delisting. The reality is that Chinese companies don’t abide by the same agreed upon accounting standards as American companies. And that can make it harder for investors to get an accurate picture of what is going on with their business at a given moment.
However, like most issues between the two countries, it’s not as simple as that. There are Chinese companies that are considering voluntarily and unilaterally removing themselves from American exchanges and list on the Hong Kong or Shanghai exchanges.
While neither of these moves would mean that U.S. investors would be prohibited from trading these stocks, it could make it more difficult.
U.S. relations with China will be an issue during this election year, and likely beyond. It would be well worth your time and attention to pay careful attention to your current or planned exposure to these China stocks.
View the "7 Valuable China Stocks That May Get Delisted".