Ameresco Company Profile (NYSE:AMRC)

Ameresco trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMRC."

Ameresco declared that its board has authorized a share buyback program on Friday, April 7th 2017, which authorizes the company to repurchase $5,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Ameresco, Inc. (NYSE:AMRC) posted its quarterly earnings results on Wednesday, August, 9th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.07 by $0.06. The company earned $166.70 million during the quarter, compared to analyst estimates of $162.53 million. Ameresco had a net margin of 2.16% and a return on equity of 5.23%. Ameresco's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share. View Ameresco's Earnings History.

Ameresco issued an update on its FY17 earnings guidance on Wednesday, August, 9th. The company provided EPS guidance of $0.37-0.43 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.37. The company issued revenue guidance of $665-700 million, compared to the consensus revenue estimate of $682.14 million.

3 brokerages have issued 12-month price targets for Ameresco's shares. Their forecasts range from $8.00 to $9.00. On average, they expect Ameresco's stock price to reach $8.50 in the next year. View Analyst Ratings for Ameresco.

Here are some recent quotes from research analysts about Ameresco stock:

• 1. According to Zacks Investment Research, "Ameresco, Inc. is an independent provider of comprehensive energy efficiency solutions for facilities throughout North America. The Company's solutions include upgrades to a facility's energy infrastructure, and the construction and operation of renewable energy plants. It engages in the development, design, engineering, and installation of projects that reduce the energy, as well as operation and maintenance costs of governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities facilities. Ameresco, Inc. is headquartered in Framingham, Massachusetts. " (8/14/2017)
• 2. Canaccord Genuity analysts commented, "We believe the risk/reward gets more attractive at current levels as growth trends appear to be improving." (8/7/2017)

Some companies that are related to Ameresco include Connecticut Water Service (CTWS), Middlesex Water Company (MSEX), Smart Metering Systems PLC (SMS), MYR Group (MYRG), The York Water Company (YORW), Lumos Networks Corp. (LMOS), AquaVenture Holdings Ltd (WAAS), Clean Energy Fuels Corp. (CLNE), IDT Corporation (IDT), Atlantic Power Corp (ATP), Artesian Resources Corporation (ARTNA), Hawaiian Telcom Holdco (HCOM), Atlantic Power Corporation (AT), Delta Natural Gas Company (DGAS), Spark Energy (SPKE), Global Water Resources (GWRS), Consolidated Water Co. (CWCO) and Pure Cycle Corporation (PCYO).

Ameresco's management team includes the folowing people:

• George P. Sakellaris, Chairman of the Board, President, Chief Executive Officer
• John R. Granara III, Chief Financial Officer, Executive Vice President, Treasurer, IR Contact Officer
• David J. Corrsin, Executive Vice President, General Counsel, Secretary, Director
• David J. Anderson, Executive Vice President, Director
• Joseph P. DeManche, Executive Vice President - Engineering and Operations
• Louis P. Maltezos, Executive Vice President
• Nicole Bulgarino, Senior Vice President and General Manager, Federal Solutions
• Michael T. Bakas, Senior Vice President - Renewable Energy
• Joseph W. Sutton, Lead Independent Director
• Douglas I. Foy, Independent Director

Ameresco's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Gagnon Securities LLC (2.44%), Gagnon Advisors LLC (2.05%), Dimensional Fund Advisors LP (1.99%), Rock Point Advisors LLC (1.79%), Royce & Associates LP (1.49%) and Vanguard Group Inc. (0.97%). Company insiders that own Ameresco stock include Douglas I Foy, Francis V Wisneski Jr, Francis V Wisneski, Jr, George P Sakellaris, Jennifer L Miller, Louis P Maltezos, Neil Gagnon and Thomas S Murley. View Institutional Ownership Trends for Ameresco.

Ameresco's stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Capital Impact Advisors LLC, Royce & Associates LP, Nationwide Fund Advisors, Rock Point Advisors LLC, Strs Ohio, California State Teachers Retirement System and Gagnon Securities LLC. Company insiders that have sold Ameresco stock in the last year include Louis P Maltezos and Neil Gagnon. View Insider Buying and Selling for Ameresco.

Ameresco's stock was acquired by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Municipal Employees Retirement System of Michigan, Dimensional Fund Advisors LP, State Street Corp, C M Bidwell & Associates Ltd., Pillar Pacific Capital Management LLC, Goldman Sachs Group Inc. and Susquehanna International Group LLP. Company insiders that have bought Ameresco stock in the last two years include Douglas I Foy, Francis V Wisneski Jr, Francis V Wisneski, Jr, George P Sakellaris, Jennifer L Miller, Neil Gagnon and Thomas S Murley. View Insider Buying and Selling for Ameresco.

Shares of Ameresco can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Ameresco stock can currently be purchased for approximately $7.55.