Ameresco, Inc. (NYSE:AMRC – Free Report) – Analysts at B. Riley decreased their Q2 2024 earnings per share (EPS) estimates for Ameresco in a research note issued on Monday, April 22nd. B. Riley analyst C. Souther now forecasts that the utilities provider will earn $0.35 per share for the quarter, down from their prior estimate of $0.36. B. Riley currently has a “Buy” rating and a $40.00 target price on the stock. The consensus estimate for Ameresco’s current full-year earnings is $1.39 per share.
Ameresco (NYSE:AMRC – Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. The business had revenue of $441.40 million for the quarter, compared to the consensus estimate of $399.98 million. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The business’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share.
View Our Latest Stock Analysis on AMRC
Ameresco Stock Performance
Shares of AMRC stock opened at $21.29 on Tuesday. The business’s fifty day simple moving average is $21.22 and its 200-day simple moving average is $25.54. The company has a market cap of $1.11 billion, a PE ratio of 18.04, a PEG ratio of 0.55 and a beta of 1.56. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 1.26. Ameresco has a 12-month low of $17.55 and a 12-month high of $63.19.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. ARGA Investment Management LP acquired a new position in shares of Ameresco during the 1st quarter worth about $717,000. Bridge City Capital LLC raised its position in shares of Ameresco by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 79,871 shares of the utilities provider’s stock worth $1,927,000 after purchasing an additional 622 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Ameresco by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 3,109,535 shares of the utilities provider’s stock worth $98,479,000 after purchasing an additional 41,199 shares during the last quarter. Granahan Investment Management LLC raised its position in shares of Ameresco by 0.9% during the 4th quarter. Granahan Investment Management LLC now owns 521,672 shares of the utilities provider’s stock worth $16,521,000 after purchasing an additional 4,621 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Ameresco by 59.9% during the 4th quarter. First Trust Advisors LP now owns 793,437 shares of the utilities provider’s stock worth $25,128,000 after purchasing an additional 297,236 shares during the last quarter. Institutional investors and hedge funds own 99.24% 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.
Featured Articles
- Five stocks we like better than Ameresco
- Why Invest in 5G? How to Invest in 5G Stocks
- High-Yield Texas Instruments Could Hit New Highs Soon
- Industrial Products Stocks Investing
- Pagaya Technologies: An AI Fintech That Insiders Are Buying
- Ride Out The Recession With These Dividend Kings
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
Receive News & Ratings for Ameresco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameresco and related companies with MarketBeat.com's FREE daily email newsletter.