Brokers Set Expectations for Ameresco, Inc.’s Q4 2024 Earnings (NYSE:AMRC)

Ameresco, Inc. (NYSE:AMRC) – Equities research analysts at William Blair reduced their Q4 2024 earnings estimates for shares of Ameresco in a report released on Tuesday, August 6th. William Blair analyst T. Mulrooney now forecasts that the utilities provider will post earnings of $0.70 per share for the quarter, down from their previous forecast of $0.72. The consensus estimate for Ameresco’s current full-year earnings is $1.36 per share. William Blair also issued estimates for Ameresco’s FY2025 earnings at $1.71 EPS.

Several other research analysts have also weighed in on AMRC. UBS Group boosted their price objective on shares of Ameresco from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Oppenheimer restated a “market perform” rating on shares of Ameresco in a research note on Wednesday, April 17th. Stifel Nicolaus lowered their price objective on shares of Ameresco from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Truist Financial lowered their price objective on shares of Ameresco from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Finally, StockNews.com upgraded shares of Ameresco to a “sell” rating in a research note on Monday, July 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $38.00.

Ameresco Stock Up 3.7 %

Ameresco stock opened at $28.96 on Wednesday. The firm has a market capitalization of $1.52 billion, a PE ratio of 26.33, a P/E/G ratio of 0.86 and a beta of 1.78. The company’s 50-day moving average is $31.30 and its 200-day moving average is $25.95. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $51.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.96.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Monday, August 5th. The utilities provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.15). Ameresco had a return on equity of 6.67% and a net margin of 4.17%. The business had revenue of $437.98 million for the quarter, compared to the consensus estimate of $373.75 million. During the same period last year, the firm earned $0.15 earnings per share. The company’s quarterly revenue was up 33.9% compared to the same quarter last year.

Insider Buying and Selling at Ameresco

In other Ameresco news, CAO Mark Chiplock sold 3,000 shares of the business’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 completion of the sale, the chief accounting officer now owns 348 shares of the company’s stock, valued at approximately $12,180. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Ameresco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bridge City Capital LLC lifted its stake in Ameresco by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 79,871 shares of the utilities provider’s stock valued at $1,927,000 after purchasing an additional 622 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Ameresco by 8.8% in the 4th quarter. Victory Capital Management Inc. now owns 9,318 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 752 shares during the last quarter. Otter Creek Advisors LLC lifted its stake in Ameresco by 1.2% in the 4th quarter. Otter Creek Advisors LLC now owns 68,816 shares of the utilities provider’s stock valued at $2,181,000 after purchasing an additional 818 shares during the last quarter. Clean Yield Group increased its position in Ameresco by 0.6% in the 2nd quarter. Clean Yield Group now owns 170,007 shares of the utilities provider’s stock valued at $4,898,000 after acquiring an additional 1,087 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in Ameresco by 15.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider’s stock valued at $256,000 after acquiring an additional 1,410 shares during the period. Institutional investors own 99.24% of the company’s stock.

Ameresco Company Profile

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.