Ameresco (NYSE:AMRC) Posts Earnings Results, Misses Expectations By $0.15 EPS

Ameresco (NYSE:AMRC) 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

A number of analysts have recently weighed in on AMRC shares. Piper Sandler lowered their price target on shares of Ameresco from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday. B. Riley raised Ameresco to a “strong-buy” rating in a research report on Tuesday, June 25th. StockNews.com raised Ameresco to a “sell” rating in a research report on Monday, July 1st. Stifel Nicolaus reduced their target price on Ameresco from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

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.