NYSE:AMRC - Get Free Report ) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.300-1.500 for the period, compared to the consensus estimate of 1.390. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.6 billion.
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Analysts Set New Price Targets AMRC has been the topic of several research reports. StockNews.com raised shares of Ameresco to a sell rating in a report on Tuesday, April 16th. B. Riley decreased their price objective on Ameresco from $46.00 to $40.00 and set a buy rating for the company in a research note on Monday, February 5th. Piper Sandler cut their target price on Ameresco from $32.00 to $30.00 and set an overweight rating on the stock in a research note on Thursday, April 11th. Truist Financial decreased their price target on shares of Ameresco from $40.00 to $37.00 and set a buy rating for the company in a research report on Monday, April 22nd. Finally, Canaccord Genuity Group cut their price objective on shares of Ameresco from $50.00 to $36.00 and set a buy rating on the stock in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Ameresco currently has a consensus rating of Moderate Buy and an average target price of $43.42.
View Our Latest Analysis on AMRC
Ameresco Stock Performance Shares of AMRC traded up $4.67 during trading hours on Wednesday, reaching $26.91. 1,555,658 shares of the company traded hands, compared to its average volume of 534,974. 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 business has a fifty day moving average price of $21.15 and a 200-day moving average price of $24.71. Ameresco has a 12-month low of $17.55 and a 12-month high of $63.19. The stock has a market capitalization of $1.41 billion, a P/E ratio of 21.14, a P/E/G ratio of 0.65 and a beta of 1.60.
Ameresco (NYSE:AMRC - Get Free Report ) last posted its quarterly earnings results on Tuesday, May 7th. The utilities provider reported ($0.10) earnings per share for the quarter, beating the consensus estimate 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 quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 EPS. Equities analysts anticipate that Ameresco will post 1.39 EPS for the current fiscal year.
About Ameresco (
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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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