Ameresco (NYSE:AMRC – Get Free Report) issued its quarterly earnings data 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. The company had revenue of $437.98 million for the quarter, compared to the consensus estimate of $373.75 million. Ameresco had a net margin of 4.17% and a return on equity of 6.67%. Ameresco’s revenue for the quarter was up 33.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS.
Ameresco Price Performance
Ameresco stock traded up $0.57 during trading on Wednesday, reaching $29.30. The company had a trading volume of 209,906 shares, compared to its average volume of 533,738. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.96 and a current ratio of 0.97. The firm’s 50-day simple moving average is $31.57 and its 200 day simple moving average is $25.92. The firm has a market capitalization of $1.53 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 0.86 and a beta of 1.78. Ameresco has a 1-year low of $17.55 and a 1-year high of $52.01.
Insider Buying and Selling at Ameresco
In related news, CAO Mark Chiplock sold 3,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $35.00, for a total transaction of $105,000.00. Following the completion of the transaction, the chief accounting officer now owns 348 shares in the company, valued at approximately $12,180. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 42.00% of the company’s stock.
Analyst Upgrades and Downgrades
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About Ameresco
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.
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