Ameresco Reports Strong Quarterly Earnings, Surpassing Estimates

Ameresco (NYSE:AMRC) announced its quarterly earnings results on Thursday, delivering a positive surprise to investors. The utilities provider reported earnings of $0.88 per share for the quarter, surpassing analysts' expectations of $0.76 by a notable $0.12. Additionally, Ameresco reported a net margin of 3.18% and a return on equity of 5.68%. In light of these results, the company updated its fiscal year 2025 guidance to predict earnings per share between $0.700 and $0.900.

Ameresco Stock Performance

During trading on Thursday, AMRC shares rose by $0.10, closing at $18.35. The trading volume for the stock was 758,107 shares, significantly higher than its average volume of 396,132 shares. Ameresco's market capitalization stands at $962.28 million, with a price-to-earnings (PE) ratio of 18.35, and a price-to-earnings-growth (PEG) ratio of 0.49. The stock has shown a beta of 1.79, indicating a level of volatility compared to the market.

Wall Street Analysts Forecast Growth

Recent commentary from Wall Street analysts highlights a range of opinions on Ameresco's future. UBS Group lowered its price target on AMRC shares from $40.00 to $37.00 while maintaining a "buy" rating. Conversely, StockNews.com changed its rating for Ameresco to "sell". Meanwhile, Stifel Nicolaus raised its price target from $32.00 to $34.00, also advising a "buy". Currently, out of ten analysts, one has issued a sell rating, three have given a hold rating, eight recommend buying, and one has given a strong buy rating. As per MarketBeat.com data, Ameresco holds an average rating labeled "Moderate Buy" with a consensus target price of $36.22.

Insider Activity

In related news, Jennifer L. Miller, a director at Ameresco, sold 40,000 shares of stock in a transaction dated February 3rd. The shares were sold at an average price of $21.06, amounting to a total sale value of $842,400. Following this transaction, she now owns 17,225 shares, valued at $362,758.50, representing a significant decline of 69.90% in her ownership. This sale was reported to the Securities & Exchange Commission as required, and it's important to note that insider ownership accounts for 42.00% of the company's stock.

About Ameresco

Ameresco, Inc. is a leader in clean technology and offers a wide range of solutions related to energy efficiency and renewable energy. The company operates not only in the United States but also in Canada, Europe, and other international markets, across various segments including U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other. Ameresco's focus includes improving energy efficiency, infrastructure upgrades, energy security, and sustainability for businesses and organizations globally.

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