Ameresco (NYSE:AMRC) Issues Quarterly Earnings Results

Ameresco (NYSE:AMRC) posted its quarterly earnings data on Thursday. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping 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%. Ameresco updated its FY 2025 guidance to 0.700-0.900 EPS.

Ameresco Trading Up 0.5 %

Shares of NYSE AMRC traded up $0.10 during mid-day trading on Thursday, hitting $18.35. The company’s stock had a trading volume of 758,107 shares, compared to its average volume of 396,132. The stock has a market cap of $962.28 million, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 0.49 and a beta of 1.79. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. Ameresco has a one year low of $17.55 and a one year high of $39.68. The company’s fifty day simple moving average is $22.27 and its 200-day simple moving average is $27.62.

Insider Activity

In other news, Director Jennifer L. Miller sold 40,000 shares of Ameresco 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 sale, the director now directly owns 17,225 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.00% of the company’s stock.

Wall Street Analyst Weigh In

AMRC has been the subject of several research analyst reports. UBS Group cut their target price on shares of Ameresco from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday. Stifel Nicolaus increased their target price on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of Ameresco to a “sell” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.22.

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.