Ameresco (NYSE:AMRC) Issues Quarterly Earnings Results

Ameresco (NYSE:AMRC) posted its earnings results on Monday. The utilities provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15), Briefing.com reports. Ameresco had a net margin of 4.17% and a return on equity of 6.67%. The company had revenue of $437.98 million for the quarter, compared to analysts’ expectations of $373.75 million. During the same period in the previous year, the firm earned $0.15 EPS. The firm’s quarterly revenue was up 33.9% compared to the same quarter last year.

Ameresco Price Performance

Shares of Ameresco stock opened at $28.76 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.96. Ameresco has a one year low of $17.55 and a one year high of $52.01. The business’s 50 day simple moving average is $31.57 and its two-hundred day simple moving average is $25.92. The stock has a market capitalization of $1.51 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 0.86 and a beta of 1.78.

Analyst Ratings Changes

Several brokerages recently commented on AMRC. Piper Sandler reduced their price objective on shares of Ameresco from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday. Truist Financial dropped their price target on Ameresco from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Stifel Nicolaus decreased their price objective on shares of Ameresco from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. B. Riley upgraded shares of Ameresco to a “strong-buy” rating in a research report on Tuesday, June 25th. Finally, UBS Group upped their target price on shares of Ameresco from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Insider Activity

In related news, CAO Mark Chiplock sold 3,000 shares of Ameresco stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $35.00, for a total value of $105,000.00. Following the transaction, the chief accounting officer now directly owns 348 shares of the company’s stock, valued at $12,180. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 42.00% of the company’s stock.

Ameresco Company Profile

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.