Ameresco Company Profile (NYSE:AMRC)

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

Ameresco announced that its Board of Directors has approved a share buyback plan on Friday, April 7th 2017, which permits the company to repurchase $5,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Ameresco, Inc. (NYSE:AMRC) announced its quarterly earnings data on Wednesday, August, 9th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.07 by $0.06. The company had revenue of $166.70 million for 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%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS. 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 estimate of $0.37. The company issued revenue guidance of $665-700 million, compared to the consensus revenue estimate of $682.14 million.

3 analysts have issued 1-year target prices for Ameresco's stock. Their predictions range from $8.00 to $9.00. On average, they expect Ameresco's stock price to reach $8.50 in the next twelve months. 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 UNITIL Corporation (UTL), Connecticut Water Service (CTWS), Middlesex Water Company (MSEX), Smart Metering Systems PLC (SMS), Spark Energy (SPKE), Sky Solar Holdings (SKYS), MYR Group (MYRG), The York Water Company (YORW), Lumos Networks Corp. (LMOS), AquaVenture Holdings Ltd (WAAS), Clean Energy Fuels Corp. (CLNE), IDT Corporation (IDT), Artesian Resources Corporation (ARTNA), Hawaiian Telcom Holdco (HCOM), Atlantic Power Corp (ATP), Atlantic Power Corporation (AT), Delta Natural Gas Company (DGAS) and Global Water Resources (GWRS).

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 purchased 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.