Trade Report: The Ameresco (AMRC) Set to Announce Earnings on Tuesday

The Ameresco (AMRC) Set to Announce Earnings on Tuesday

Ameresco (NYSE:AMRC) will be releasing its Q316 earnings data on Tuesday, November 1st. Analysts expect Ameresco to post earnings of $0.09 per share and revenue of $171.80 million for the quarter. Ameresco has set its FY16 guidance at $0.25-0.30 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. The business earned $162.60 million during the quarter, compared to the consensus estimate of $148.55 million. Ameresco had a net margin of 1.25% and a return on equity of 4.79%. Ameresco’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 earnings per share. On average, analysts expect Ameresco to post $0.22 EPS for the current fiscal year and $0.34 EPS for the next fiscal year.

Shares of Ameresco (NYSE:AMRC) opened at 4.95 on Monday. The company has a market capitalization of $230.42 million, a P/E ratio of 28.12 and a beta of 1.15. The company’s 50 day moving average is $5.04 and its 200-day moving average is $4.80. Ameresco has a 1-year low of $3.91 and a 1-year high of $7.00.

Large investors have recently bought and sold shares of the stock. Analytic Investors LLC bought a new stake in Ameresco during the second quarter worth $120,000. Citadel Advisors LLC bought a new stake in Ameresco during the second quarter worth $130,000. Teachers Advisors Inc. increased its stake in Ameresco by 2.5% in the second quarter. Teachers Advisors Inc. now owns 30,141 shares of the company’s stock worth $132,000 after buying an additional 745 shares during the last quarter. KCG Holdings Inc. bought a new stake in Ameresco during the second quarter worth $136,000. Finally, Parametric Portfolio Associates LLC increased its stake in Ameresco by 43.6% in the second quarter. Parametric Portfolio Associates LLC now owns 48,580 shares of the company’s stock worth $212,000 after buying an additional 14,745 shares during the last quarter. Institutional investors own 25.92% of the company’s stock.

AMRC has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Ameresco from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a research note on Friday, July 29th. TheStreet upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Monday, July 11th.

Ameresco Company Profile

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