Q3 Earnings Estimate for Ameresco Issued By B. Riley

Ameresco, Inc. (NYSE:AMRC) – Investment analysts at B. Riley issued their Q3 2024 earnings estimates for shares of Ameresco in a research note issued to investors on Monday, November 4th. B. Riley analyst R. Pfingst anticipates that the utilities provider will post earnings per share of $0.56 for the quarter. The consensus estimate for Ameresco’s current full-year earnings is $1.16 per share. B. Riley also issued estimates for Ameresco’s Q4 2024 earnings at $0.61 EPS, FY2024 earnings at $1.16 EPS and FY2025 earnings at $1.99 EPS.

A number of other brokerages have also recently commented on AMRC. UBS Group lifted their price target on Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Robert W. Baird increased their price target on shares of Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Piper Sandler lifted their price objective on shares of Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group assumed coverage on shares of Ameresco in a research note on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price objective on the stock. Finally, StockNews.com upgraded shares of Ameresco to a “sell” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.73.

Ameresco Trading Down 16.4 %

NYSE:AMRC opened at $26.45 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.15. The firm has a fifty day simple moving average of $33.32 and a 200-day simple moving average of $30.85. Ameresco has a 12 month low of $17.55 and a 12 month high of $39.68. The company has a market capitalization of $1.39 billion, a P/E ratio of 24.71, a PEG ratio of 1.16 and a beta of 1.82.

Insider Buying and Selling

In other news, CFO Spencer Doran Hole sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $26.53, for a total value of $132,650.00. Following the completion of the sale, the chief financial officer now directly owns 1,878 shares in the company, valued at $49,823.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders sold 5,221 shares of company stock valued at $140,814. 42.00% of the stock is owned by company insiders.

Institutional Trading of Ameresco

Hedge funds have recently bought and sold shares of the business. Natixis acquired a new stake in shares of Ameresco during the first quarter valued at about $480,000. Harbor Capital Advisors Inc. grew its stake in shares of Ameresco by 187.8% in the second quarter. Harbor Capital Advisors Inc. now owns 68,787 shares of the utilities provider’s stock valued at $1,982,000 after buying an additional 44,882 shares in the last quarter. Swedbank AB purchased a new stake in shares of Ameresco in the 1st quarter valued at $12,065,000. Connors Investor Services Inc. lifted its stake in Ameresco by 35.4% during the 1st quarter. Connors Investor Services Inc. now owns 142,915 shares of the utilities provider’s stock worth $3,449,000 after acquiring an additional 37,368 shares in the last quarter. Finally, Caxton Associates LP purchased a new position in Ameresco during the 1st quarter valued at about $1,009,000. Institutional investors and hedge funds 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.