Ameresco (NYSE:AMRC) issued its quarterly earnings data on Thursday. The utilities provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01, Bloomberg Earnings reports. Ameresco had a net margin of 4.57% and a return on equity of 8.44%. The business had revenue of $198.20 million for the quarter, compared to analyst estimates of $196.95 million. During the same period last year, the business posted $0.19 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. Ameresco updated its FY 2019 guidance to $0.77-0.85 EPS and its FY19 guidance to $0.77-0.85 EPS.
Ameresco stock traded down $0.07 during mid-day trading on Friday, reaching $14.40. The company’s stock had a trading volume of 84,262 shares, compared to its average volume of 84,209. The stock has a market cap of $641.30 million, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.54. Ameresco has a 12 month low of $11.73 and a 12 month high of $18.05. The firm’s 50 day simple moving average is $14.33. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.28 and a quick ratio of 1.24.
A number of brokerages recently commented on AMRC. ValuEngine lowered shares of Ameresco from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research lowered shares of Ameresco from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $18.50.
Ameresco Company Profile
Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.
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