Ameresco (NYSE:AMRC) Issues Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Ameresco (NYSE:AMRC) issued its quarterly earnings data on Thursday. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.12, Zacks reports. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The company had revenue of $532.67 million for the quarter, compared to analyst estimates of $524.31 million. Ameresco updated its FY 2025 guidance to 0.700-0.900 EPS.

Ameresco Trading Down 31.9 %

AMRC stock traded down $5.84 during trading on Friday, reaching $12.49. 1,221,749 shares of the stock were exchanged, compared to its average volume of 414,849. The business has a 50 day moving average price of $22.27 and a 200-day moving average price of $27.62. Ameresco has a 1 year low of $11.88 and a 1 year high of $39.68. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $655.01 million, a price-to-earnings ratio of 12.37, a P/E/G ratio of 0.49 and a beta of 1.79.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Robert W. Baird reduced their price target on Ameresco from $42.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday. Canaccord Genuity Group cut their price target on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday. StockNews.com upgraded shares of Ameresco to a “sell” rating in a report on Tuesday, November 12th. UBS Group lowered their price target on shares of Ameresco from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus increased their price target on Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.33.

Insider Transactions at Ameresco

In other news, Director Jennifer L. Miller sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the completion of the transaction, the director now owns 17,225 shares of the company’s stock, valued at approximately $362,758.50. This trade represents a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 42.00% of the company’s stock.

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.