What is B. Riley's Forecast for Ameresco Q3 Earnings?

Ameresco, Inc. (NYSE:AMRC - Free Report) - Investment analysts at B. Riley issued their Q3 2024 EPS estimates for Ameresco in a report issued on Monday, November 4th. B. Riley analyst R. Pfingst anticipates that the utilities provider will earn $0.56 per share 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.

Ameresco (NYSE:AMRC - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.10 earnings per share 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 analysts' expectations of $373.75 million. Ameresco had a net margin of 3.77% and a return on equity of 6.25%. The business's quarterly revenue was up 33.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS.

AMRC has been the topic of several other reports. Jefferies Financial Group began coverage on Ameresco in a research report on Wednesday, September 4th. They set a "hold" rating and a $33.00 price objective on the stock. StockNews.com raised shares of Ameresco to a "sell" rating in a research note on Wednesday, October 16th. Piper Sandler increased their target price on shares of Ameresco from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. UBS Group lifted their target price on shares of Ameresco from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, September 5th. Finally, Robert W. Baird upped their price target on shares of Ameresco from $32.00 to $42.00 and gave the company an "outperform" rating in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $36.73.

Ameresco Price Performance

NYSE AMRC traded down $0.50 during trading hours on Thursday, reaching $31.65. 609,982 shares of the stock traded hands, compared to its average volume of 472,391. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a 50 day simple moving average of $33.37 and a two-hundred day simple moving average of $30.79. Ameresco has a 1 year low of $17.55 and a 1 year high of $39.68. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 1.12 and a beta of 1.82.

Institutional Trading of Ameresco

Several institutional investors have recently bought and sold shares of the company. LGT Group Foundation bought a new position in Ameresco during the 2nd quarter valued at about $20,325,000. Swedbank AB bought a new position in Ameresco during the first quarter valued at approximately $12,065,000. Point72 Asset Management L.P. bought a new position in Ameresco during the second quarter valued at approximately $10,821,000. Redwood Grove Capital LLC purchased a new stake in Ameresco in the first quarter worth approximately $7,170,000. Finally, DekaBank Deutsche Girozentrale grew its position in Ameresco by 3,389.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 184,935 shares of the utilities provider's stock worth $7,124,000 after purchasing an additional 179,635 shares during the period. 99.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ameresco

In related news, CFO Spencer Doran Hole sold 5,000 shares of the firm's stock in a transaction 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 owns 1,878 shares of the company's stock, valued at $49,823.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 5,221 shares of company stock worth $140,814 in the last 90 days. Company insiders own 42.00% 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.