Ameresco Inc (NYSE:AMRC) posted its quarterly earnings data on Wednesday. The utilities provider reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.06, Bloomberg Earnings reports. Ameresco had a net margin of 3.58% and a return on equity of 7.80%. The company had revenue of $166.70 million during the quarter, compared to the consensus estimate of $162.53 million. During the same period in the prior year, the business posted $0.08 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Ameresco updated its FY17 guidance to $0.37-0.43 EPS.

Shares of Ameresco (NYSE:AMRC) traded up 4.51% on Thursday, hitting $6.95. 37,587 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $6.88 and its 200 day moving average is $6.31. The firm has a market cap of $315.70 million, a P/E ratio of 31.03 and a beta of 1.14. Ameresco has a 12 month low of $4.51 and a 12 month high of $7.85.

In other Ameresco news, insider Louis P. Maltezos sold 23,175 shares of Ameresco stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $6.61, for a total value of $153,186.75. Following the sale, the insider now owns 23,175 shares of the company’s stock, valued at $153,186.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 58.36% of the company’s stock.

A number of hedge funds have recently made changes to their positions in AMRC. Wellington Management Group LLP raised its stake in Ameresco by 491.4% in the first quarter. Wellington Management Group LLP now owns 476,068 shares of the utilities provider’s stock valued at $3,118,000 after buying an additional 395,566 shares during the period. Rock Point Advisors LLC raised its stake in Ameresco by 2.8% in the first quarter. Rock Point Advisors LLC now owns 826,877 shares of the utilities provider’s stock valued at $5,416,000 after buying an additional 22,295 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Ameresco by 7.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 42,480 shares of the utilities provider’s stock valued at $278,000 after buying an additional 2,880 shares during the period. Clean Yield Group raised its stake in Ameresco by 0.4% in the first quarter. Clean Yield Group now owns 85,705 shares of the utilities provider’s stock valued at $561,000 after buying an additional 300 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Ameresco by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 121,189 shares of the utilities provider’s stock valued at $794,000 after buying an additional 773 shares during the period. 22.20% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently commented on AMRC. Oppenheimer Holdings, Inc. set a $9.00 price objective on shares of Ameresco and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a research note on Monday. Canaccord Genuity restated a “buy” rating and set a $8.00 price objective on shares of Ameresco in a research note on Monday. BidaskClub downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Roth Capital raised shares of Ameresco from a “neutral” rating to a “buy” rating and upped their target price for the company from $6.50 to $8.00 in a report on Thursday, May 4th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. Ameresco has an average rating of “Hold” and a consensus target price of $8.38.

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Ameresco Company Profile

Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.

Earnings History for Ameresco (NYSE:AMRC)

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