Ameresco (AMRC) Expected to Announce Quarterly Earnings on Thursday

Ameresco (NYSE:AMRC) is anticipated to issue its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.76 per share and revenue of $524.31 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Ameresco Stock Down 1.8 %

AMRC stock opened at $18.36 on Tuesday. The firm’s 50-day simple moving average is $22.55 and its 200 day simple moving average is $27.81. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $39.68. The stock has a market cap of $962.64 million, a PE ratio of 18.36, a price-to-earnings-growth ratio of 0.51 and a beta of 1.79. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36.

Analyst Ratings Changes

Several brokerages have weighed in on AMRC. StockNews.com raised Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Stifel Nicolaus raised their target price on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.56.

Insider Activity

In other news, Director Jennifer L. Miller sold 40,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total transaction of $842,400.00. Following the transaction, the director now owns 17,225 shares in the company, valued at $362,758.50. This represents a 69.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.00% of the stock is owned by corporate 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.