Ameresco, Inc. (NYSE:AMRC – Get Rating) – Equities researchers at William Blair lowered their Q3 2022 earnings per share (EPS) estimates for shares of Ameresco in a research note issued on Monday, August 1st. William Blair analyst T. Mulrooney now anticipates that the utilities provider will post earnings per share of $0.47 for the quarter, down from their previous forecast of $0.51. The consensus estimate for Ameresco’s current full-year earnings is $1.92 per share. William Blair also issued estimates for Ameresco’s Q4 2022 earnings at $0.44 EPS.
Ameresco (NYSE:AMRC – Get Rating) last issued its quarterly earnings data on Monday, August 1st. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.17. Ameresco had a return on equity of 13.93% and a net margin of 5.47%. During the same quarter in the previous year, the firm earned $0.34 earnings per share.
Ameresco Stock Performance
NYSE AMRC opened at $65.94 on Thursday. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 36.84, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22. The company has a quick ratio of 2.11, a current ratio of 1.76 and a debt-to-equity ratio of 0.89. Ameresco has a fifty-two week low of $40.73 and a fifty-two week high of $101.86. The business has a fifty day moving average of $50.35 and a 200-day moving average of $56.97.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC purchased a new stake in Ameresco during the first quarter valued at $50,000. FNY Investment Advisers LLC bought a new stake in shares of Ameresco during the 1st quarter worth approximately $64,000. Trust Co. of Vermont purchased a new position in Ameresco during the 2nd quarter worth $75,000. Sageworth Trust Co purchased a new position in Ameresco during the 2nd quarter worth $150,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Ameresco in the 1st quarter valued at $160,000. 51.21% of the stock is owned by institutional investors.
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, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.
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