Equities Analysts Issue Forecasts for Ameresco Q3 Earnings

Ameresco, Inc. (NYSE:AMRC) – Research analysts at B. Riley issued their Q3 2024 EPS estimates for shares of Ameresco in a research report issued on Monday, November 4th. B. Riley analyst R. Pfingst expects that the utilities provider will earn $0.56 per share for the quarter. The consensus estimate for Ameresco’s current full-year earnings is $1.16 per share. B. Riley also issued estimates for Ameresco’s Q4 2024 earnings at $0.61 EPS, FY2024 earnings at $1.16 EPS and FY2025 earnings at $1.99 EPS.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, August 5th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.15). Ameresco had a return on equity of 6.25% and a net margin of 3.77%. The business had revenue of $437.98 million for the quarter, compared to the consensus estimate of $373.75 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. The firm’s revenue was up 33.9% on a year-over-year basis.

Other research analysts have also recently issued reports about the stock. Piper Sandler increased their target price on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. UBS Group increased their target price on shares of Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Robert W. Baird raised their price target on shares of Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Jefferies Financial Group began coverage on shares of Ameresco in a report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price target on the stock. Finally, StockNews.com upgraded shares of Ameresco to a “sell” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.73.

Ameresco Stock Down 1.6 %

Shares of Ameresco stock opened at $31.65 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.01 and a quick ratio of 1.00. Ameresco has a 1 year low of $17.55 and a 1 year high of $39.68. The firm’s 50-day moving average is $33.40 and its two-hundred day moving average is $30.80. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.16 and a beta of 1.82.

Hedge Funds Weigh In On Ameresco

A number of institutional investors have recently bought and sold shares of the business. Blue Trust Inc. raised its position in Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after buying an additional 391 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Ameresco by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock worth $356,000 after buying an additional 489 shares during the last quarter. GAMMA Investing LLC raised its position in Ameresco by 19.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock worth $142,000 after buying an additional 618 shares during the last quarter. Clean Yield Group increased its holdings in shares of Ameresco by 0.6% during the 2nd quarter. Clean Yield Group now owns 170,007 shares of the utilities provider’s stock valued at $4,898,000 after purchasing an additional 1,087 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of Ameresco by 15.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 1,410 shares in the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Spencer Doran Hole sold 5,000 shares of Ameresco stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $26.53, for a total value of $132,650.00. Following the completion of the sale, the chief financial officer now directly owns 1,878 shares in the company, valued at $49,823.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 5,221 shares of company stock worth $140,814 in the last three months. Corporate 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.