What is B. Riley’s Estimate for Ameresco FY2024 Earnings?

Ameresco, Inc. (NYSE:AMRC) – Investment analysts at B. Riley lifted their FY2024 earnings per share estimates for shares of Ameresco in a research note issued to investors on Thursday, February 27th. B. Riley analyst R. Pfingst now expects that the utilities provider will earn $1.17 per share for the year, up from their prior estimate of $1.16. The consensus estimate for Ameresco’s current full-year earnings is $1.15 per share. B. Riley also issued estimates for Ameresco’s Q4 2024 earnings at $0.86 EPS and FY2025 earnings at $1.30 EPS.

Ameresco (NYSE:AMRC) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.12. Ameresco had a net margin of 3.18% and a return on equity of 5.68%. The firm had revenue of $532.67 million during the quarter, compared to the consensus estimate of $524.31 million.

A number of other brokerages also recently issued reports on AMRC. Stifel Nicolaus raised their price objective on Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Ameresco to a “sell” rating in a report on Tuesday, November 12th. Canaccord Genuity Group reduced their price objective on shares of Ameresco from $36.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday. Robert W. Baird lowered their target price on shares of Ameresco from $42.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday. Finally, UBS Group dropped their target price on shares of Ameresco from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Ameresco Stock Down 10.8 %

Shares of AMRC opened at $10.52 on Monday. The stock’s 50-day moving average price is $22.06 and its two-hundred day moving average price is $27.51. Ameresco has a 12 month low of $10.40 and a 12 month high of $39.68. The company has a market capitalization of $551.70 million, a PE ratio of 10.52, a PEG ratio of 0.49 and a beta of 1.79. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36.

Insider Activity

In related news, Director Jennifer L. Miller sold 40,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $21.06, for a total value of $842,400.00. Following the completion of the sale, the director now directly owns 17,225 shares of the company’s stock, valued at $362,758.50. The trade was a 69.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 42.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMRC. Wellington Management Group LLP raised its position in shares of Ameresco by 81.3% during the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock worth $38,126,000 after purchasing an additional 450,571 shares during the period. Stifel Financial Corp increased its stake in Ameresco by 35.1% during the 3rd quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider’s stock valued at $4,487,000 after purchasing an additional 30,718 shares in the last quarter. Barclays PLC raised its holdings in Ameresco by 204.2% during the third quarter. Barclays PLC now owns 59,248 shares of the utilities provider’s stock worth $2,248,000 after buying an additional 39,773 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Ameresco by 70.7% in the fourth quarter. SG Americas Securities LLC now owns 42,506 shares of the utilities provider’s stock valued at $998,000 after buying an additional 17,600 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Ameresco during the fourth quarter valued at about $259,000. Institutional investors own 99.24% of the company’s stock.

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.