Ameresco (NYSE:AMRC – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.150-1.350 for the period, compared to the consensus EPS estimate of 1.360. The company issued revenue guidance of $1.7 billion-$1.8 billion, compared to the consensus revenue estimate of $1.7 billion.
Ameresco Stock Performance
Shares of Ameresco stock traded up $2.00 during trading on Tuesday, hitting $28.85. 596,088 shares of the stock were exchanged, compared to its average volume of 533,739. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 0.86 and a beta of 1.78. The company has a fifty day moving average price of $31.83 and a 200-day moving average price of $25.83. Ameresco has a 1-year low of $17.55 and a 1-year high of $52.01. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.09.
Ameresco (NYSE:AMRC – Get Free Report) last announced its 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). The company had revenue of $437.98 million for the quarter, compared to the consensus estimate of $373.75 million. Ameresco had a return on equity of 6.67% and a net margin of 4.17%. The business’s quarterly revenue was up 33.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 EPS. As a group, equities analysts predict that Ameresco will post 1.36 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on Ameresco
Insider Buying and Selling
In related news, CAO Mark Chiplock sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $35.00, for a total transaction of $105,000.00. Following the transaction, the chief accounting officer now directly owns 348 shares of the company’s stock, valued at approximately $12,180. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 42.00% of the stock is owned by company insiders.
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.
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