$407.56 Million in Sales Expected for Ameresco, Inc. (NYSE:AMRC) This Quarter

Brokerages expect Ameresco, Inc. (NYSE:AMRC) to announce $407.56 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Ameresco’s earnings, with the lowest sales estimate coming in at $368.90 million and the highest estimate coming in at $428.40 million. Ameresco reported sales of $314.32 million in the same quarter last year, which indicates a positive year over year growth rate of 29.7%. The company is scheduled to announce its next quarterly earnings results on Monday, March 7th.

According to Zacks, analysts expect that Ameresco will report full-year sales of $1.22 billion for the current fiscal year, with estimates ranging from $1.20 billion to $1.23 billion. For the next financial year, analysts anticipate that the company will post sales of $1.81 billion, with estimates ranging from $1.35 billion to $2.04 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Ameresco.

Ameresco (NYSE:AMRC) last released its earnings results on Sunday, October 31st. The utilities provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.07. The company had revenue of $273.68 million for the quarter, compared to analysts’ expectations of $306.02 million. Ameresco had a return on equity of 12.38% and a net margin of 5.90%. During the same period in the previous year, the business posted $0.38 EPS.

AMRC has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Ameresco from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Tuesday, October 5th. Piper Sandler cut Ameresco from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $80.00 to $96.00 in a research note on Wednesday, November 3rd. They noted that the move was a valuation call. Robert W. Baird lifted their target price on Ameresco from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 2nd. Canaccord Genuity boosted their price objective on Ameresco from $73.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, November 2nd. Finally, B. Riley boosted their price objective on Ameresco from $75.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, November 2nd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $79.30.

Shares of NYSE AMRC traded up $0.33 during mid-day trading on Thursday, reaching $92.42. 183,680 shares of the company’s stock were exchanged, compared to its average volume of 413,852. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 72.20, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65. Ameresco has a 52 week low of $37.70 and a 52 week high of $101.86. The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average price of $74.90.

In other news, EVP Michael T. Bakas sold 26,551 shares of the business’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $68.90, for a total transaction of $1,829,363.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nicole E. Bulgarino sold 19,167 shares of the business’s stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $95.35, for a total value of $1,827,573.45. The disclosure for this sale can be found here. Insiders have sold a total of 291,004 shares of company stock valued at $22,597,489 in the last ninety days. Insiders own 41.68% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Centiva Capital LP purchased a new stake in Ameresco in the third quarter worth approximately $12,572,000. Schonfeld Strategic Advisors LLC purchased a new stake in Ameresco in the third quarter worth approximately $264,000. Captrust Financial Advisors boosted its stake in Ameresco by 2,175.7% in the third quarter. Captrust Financial Advisors now owns 13,927 shares of the utilities provider’s stock worth $814,000 after buying an additional 13,315 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Ameresco by 410.9% in the third quarter. BNP Paribas Arbitrage SA now owns 5,891 shares of the utilities provider’s stock worth $344,000 after buying an additional 4,738 shares in the last quarter. Finally, Nia Impact Advisors LLC boosted its stake in Ameresco by 108.8% in the third quarter. Nia Impact Advisors LLC now owns 107,506 shares of the utilities provider’s stock worth $6,147,000 after buying an additional 56,010 shares in the last quarter. 49.18% of the stock is owned by institutional investors.

Ameresco Company Profile

Ameresco, Inc engages in the provision of energy services, including energy efficiency, infrastructure upgrades, asset sustainability, and renewable energy solutions for businesses and organizations throughout North America and Europe. It operates through the following segments: U.S. Regions, U.S. Federal, Canada, Non-Solar Distributed Generation (DG), and All Other.

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Earnings History and Estimates for Ameresco (NYSE:AMRC)

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