Ameresco (NYSE:AMRC) Releases FY 2022 Earnings Guidance

Ameresco (NYSE:AMRC – Get Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.85-$1.95 for the period, compared to the consensus earnings per share estimate of $1.87. The company issued revenue guidance of $1.83 billion-$1.87 billion, compared to the consensus revenue estimate of $1.85 billion.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Canaccord Genuity Group dropped their price objective on Ameresco from $85.00 to $62.00 in a report on Tuesday, May 3rd. Piper Sandler lowered their price target on Ameresco from $62.00 to $57.00 and set a neutral rating on the stock in a report on Tuesday, July 19th. Guggenheim set a $58.00 price target on Ameresco in a report on Monday, June 20th. Roth Capital lowered their price target on Ameresco from $52.00 to $44.00 in a report on Tuesday, May 3rd. Finally, Stifel Nicolaus lowered their price target on Ameresco from $91.00 to $82.00 and set a buy rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $72.15.

Ameresco Trading Down 1.4 %

AMRC stock traded down $0.97 during midday trading on Friday, hitting $65.94. The stock had a trading volume of 396,835 shares, compared to its average volume of 443,926. The firm has a market cap of $3.42 billion, a PE ratio of 36.84, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.76 and a quick ratio of 2.11. Ameresco has a 12-month low of $40.73 and a 12-month high of $101.86. The company’s 50-day moving average price is $50.35 and its 200 day moving average price is $56.97.

Ameresco (NYSE:AMRC – Get Rating) last posted its earnings results on Monday, August 1st. The utilities provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.17. Ameresco had a net margin of 5.47% and a return on equity of 13.93%. During the same quarter last year, the business posted $0.34 EPS. On average, equities research analysts predict that Ameresco will post 1.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ameresco

Institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC bought a new position in shares of Ameresco in the first quarter valued at approximately $50,000. Point72 Hong Kong Ltd purchased a new stake in shares of Ameresco in the 1st quarter valued at approximately $287,000. Cibc World Market Inc. increased its stake in Ameresco by 5.1% in the 1st quarter. Cibc World Market Inc. now owns 8,278 shares of the utilities provider’s stock valued at $658,000 after buying an additional 399 shares during the period. Guggenheim Capital LLC increased its stake in Ameresco by 32.3% in the 1st quarter. Guggenheim Capital LLC now owns 10,283 shares of the utilities provider’s stock valued at $817,000 after buying an additional 2,508 shares during the period. Finally, MetLife Investment Management LLC increased its stake in Ameresco by 58.9% in the 1st quarter. MetLife Investment Management LLC now owns 15,991 shares of the utilities provider’s stock valued at $1,271,000 after buying an additional 5,927 shares during the period. Institutional investors own 51.21% of the company’s stock.

Ameresco Company Profile

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Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.