Ameresco (AMRC) Set to Announce Earnings on Tuesday

Ameresco (NYSE:AMRC - Get Free Report) is scheduled to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Ameresco to post earnings of ($0.08) per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Ameresco (NYSE:AMRC - Get Free Report) last released its earnings results on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.09. The company had revenue of $441.40 million during the quarter, compared to the consensus estimate of $399.98 million. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. Ameresco's revenue was up 33.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. On average, analysts expect Ameresco to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ameresco Trading Down 3.7 %

NYSE AMRC traded down $0.81 during trading on Tuesday, hitting $20.91. The stock had a trading volume of 461,402 shares, compared to its average volume of 532,804. The company has a market capitalization of $1.09 billion, a PE ratio of 18.42, a PEG ratio of 0.62 and a beta of 1.56. The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 1.26. The firm has a 50 day moving average price of $21.06 and a 200 day moving average price of $25.18. Ameresco has a twelve month low of $17.55 and a twelve month high of $63.19.

Wall Street Analyst Weigh In

AMRC has been the subject of several research reports. StockNews.com raised Ameresco to a "sell" rating in a research report on Tuesday, April 16th. Guggenheim reaffirmed a "neutral" rating on shares of Ameresco in a research report on Thursday, February 29th. Piper Sandler lowered their price objective on Ameresco from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Thursday, April 11th. B. Riley lowered their price objective on Ameresco from $46.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, February 5th. Finally, BNP Paribas raised Ameresco from a "neutral" rating to an "outperform" rating and set a $34.00 price objective for the company in a research report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Ameresco has an average rating of "Moderate Buy" and an average price target of $44.69.

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.