Ameresco Inc Expected to Earn FY2019 Earnings of $0.74 Per Share (AMRC)

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Ameresco Inc (NYSE:AMRC) – Equities research analysts at B. Riley reduced their FY2019 EPS estimates for shares of Ameresco in a research note issued to investors on Wednesday, May 1st, Zacks Investment Research reports. B. Riley analyst C. Horn now expects that the utilities provider will post earnings of $0.74 per share for the year, down from their previous estimate of $0.79. B. Riley currently has a “Buy” rating and a $19.00 target price on the stock. B. Riley also issued estimates for Ameresco’s FY2020 earnings at $0.91 EPS.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $0.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.02. Ameresco had a net margin of 4.57% and a return on equity of 8.44%. The business had revenue of $150.10 million for the quarter, compared to the consensus estimate of $150.29 million. During the same period in the prior year, the business posted $0.16 earnings per share. Ameresco’s revenue for the quarter was down 10.3% compared to the same quarter last year.

AMRC has been the subject of a number of other reports. Zacks Investment Research cut shares of Ameresco from a “buy” rating to a “hold” rating in a report on Monday, February 11th. Canaccord Genuity upped their price objective on shares of Ameresco from $16.50 to $19.50 and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, Roth Capital upgraded shares of Ameresco from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $16.00 to $19.00 in a report on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $18.50.

Shares of NYSE AMRC traded up $0.08 during mid-day trading on Thursday, reaching $15.78. The company had a trading volume of 105,109 shares, compared to its average volume of 128,739. Ameresco has a twelve month low of $11.05 and a twelve month high of $18.05. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $738.24 million, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.12 and a beta of 0.54.

A number of hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new position in shares of Ameresco during the fourth quarter valued at about $25,000. BNP Paribas Arbitrage SA raised its position in shares of Ameresco by 508.8% during the first quarter. BNP Paribas Arbitrage SA now owns 3,945 shares of the utilities provider’s stock valued at $64,000 after buying an additional 3,297 shares during the last quarter. Advisor Group Inc. acquired a new position in shares of Ameresco during the fourth quarter valued at about $75,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of Ameresco during the fourth quarter valued at about $99,000. Finally, MetLife Investment Advisors LLC acquired a new position in shares of Ameresco during the fourth quarter valued at about $136,000. Institutional investors own 29.67% of the company’s stock.

In other Ameresco news, EVP David J. Corrsin sold 1,756 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $16.50, for a total transaction of $28,974.00. Following the completion of the sale, the executive vice president now directly owns 1,038,872 shares in the company, valued at $17,141,388. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nickolas Stavropoulos purchased 4,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were purchased at an average price of $15.19 per share, with a total value of $60,760.00. Following the completion of the acquisition, the director now directly owns 4,000 shares of the company’s stock, valued at $60,760. The disclosure for this purchase can be found here. Insiders sold 212,972 shares of company stock valued at $3,472,463 over the last quarter. 57.93% of the stock is currently owned by corporate insiders.

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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Earnings History and Estimates for Ameresco (NYSE:AMRC)

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