Ameresco (NYSE:AMRC) Posts Earnings Results, Beats Expectations By $0.01 EPS

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.

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its position in Ameresco by 335.9% in the second quarter. Bank of Montreal Can now owns 2,345 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 1,807 shares in the last quarter. Meeder Asset Management Inc. grew its position in Ameresco by 134.0% in the first quarter. Meeder Asset Management Inc. now owns 4,205 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 2,408 shares in the last quarter. KBC Group NV grew its position in Ameresco by 10.4% in the second quarter. KBC Group NV now owns 30,279 shares of the utilities provider’s stock valued at $446,000 after purchasing an additional 2,856 shares in the last quarter. Strs Ohio grew its position in Ameresco by 7.5% in the second quarter. Strs Ohio now owns 41,800 shares of the utilities provider’s stock valued at $615,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Guinness Atkinson Asset Management Inc grew its position in Ameresco by 20.4% in the second quarter. Guinness Atkinson Asset Management Inc now owns 18,300 shares of the utilities provider’s stock valued at $270,000 after purchasing an additional 3,100 shares in the last quarter. 29.02% of the stock is owned by institutional investors and hedge funds.

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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Earnings History for Ameresco (NYSE:AMRC)

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