Ameresco (AMRC) to Release Earnings on Tuesday

Ameresco (NYSE:AMRC) is set to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. The company had revenue of $441.40 million for the quarter, compared to analyst estimates of $399.98 million. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The firm’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 earnings per share. On average, analysts expect Ameresco to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ameresco Stock Performance

NYSE:AMRC opened at $22.41 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.24 and a current ratio of 1.25. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $63.19. The company has a 50 day simple moving average of $21.05 and a two-hundred day simple moving average of $24.88. The company has a market capitalization of $1.17 billion, a PE ratio of 18.99, a P/E/G ratio of 0.62 and a beta of 1.60.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. BNP Paribas upgraded shares of Ameresco from a “neutral” rating to an “outperform” rating and set a $34.00 price objective for the company in a research report on Tuesday, March 12th. Truist Financial decreased their price target on Ameresco from $40.00 to $37.00 and set a “buy” rating for the company in a report on Monday, April 22nd. B. Riley dropped their price objective on Ameresco from $46.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Canaccord Genuity Group decreased their target price on Ameresco from $50.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Ameresco in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.42.

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.