Roth Capital Comments on Ameresco, Inc.’s Q3 2024 Earnings (NYSE:AMRC)

Ameresco, Inc. (NYSE:AMRC) – Analysts at Roth Capital issued their Q3 2024 earnings per share estimates for Ameresco in a research report issued on Tuesday, August 6th. Roth Capital analyst C. Irwin expects that the utilities provider will earn $0.43 per share for the quarter. The consensus estimate for Ameresco’s current full-year earnings is $1.36 per share. Roth Capital also issued estimates for Ameresco’s Q4 2024 earnings at $0.69 EPS.

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

A number of other research firms have also recently weighed in on AMRC. Piper Sandler cut their price target on Ameresco from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday. B. Riley upgraded Ameresco to a “strong-buy” rating in a research note on Tuesday, June 25th. Truist Financial dropped their price objective on Ameresco from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Stifel Nicolaus dropped their price objective on Ameresco from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, StockNews.com raised Ameresco to a “sell” rating in a report on Monday, July 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.00.

Ameresco Stock Down 7.7 %

Ameresco stock traded down $2.23 during midday trading on Thursday, reaching $26.72. The company’s stock had a trading volume of 316,895 shares, compared to its average volume of 533,152. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $51.94. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.09. The company has a market cap of $1.40 billion, a P/E ratio of 24.29, a P/E/G ratio of 0.86 and a beta of 1.78. The business has a 50-day simple moving average of $31.11 and a 200-day simple moving average of $25.98.

Insider Activity at Ameresco

In related news, CAO Mark Chiplock sold 3,000 shares of the firm’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 in the company, valued at $12,180. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 42.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Ameresco

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quest Partners LLC acquired a new stake in shares of Ameresco during the 4th quarter valued at approximately $62,000. nVerses Capital LLC acquired a new position in shares of Ameresco during the 2nd quarter worth approximately $75,000. GAMMA Investing LLC raised its position in shares of Ameresco by 1,215.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock worth $90,000 after purchasing an additional 2,880 shares during the last quarter. Cetera Trust Company N.A acquired a new position in shares of Ameresco during the 4th quarter worth approximately $106,000. Finally, SG Americas Securities LLC acquired a new position in shares of Ameresco during the 2nd quarter worth approximately $156,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

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.