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

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

Ameresco Trading Up 7.1 %

Shares of NYSE AMRC opened at $28.76 on Wednesday. The business has a fifty day moving average price of $31.57 and a 200 day moving average price of $25.92. Ameresco has a 1-year low of $17.55 and a 1-year high of $52.01. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.96. 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.

Insiders Place Their Bets

In other news, CAO Mark Chiplock sold 3,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $35.00, for a total value of $105,000.00. Following the sale, the chief accounting officer now directly owns 348 shares in the company, valued at approximately $12,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMRC has been the topic of a number of recent analyst reports. Piper Sandler reduced their target price on Ameresco from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday. Stifel Nicolaus decreased their price objective on shares of Ameresco from $35.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, May 9th. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research note on Monday, July 1st. UBS Group lifted their price target on shares of Ameresco from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Finally, Truist Financial dropped their price objective on Ameresco from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ameresco has an average rating of “Moderate Buy” and a consensus 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.