Ameresco (NYSE:AMRC – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.30-1.50 for the period, compared to the consensus earnings per share estimate of $1.36. The company issued revenue guidance of $1.60-1.70 billion, compared to the consensus revenue estimate of $1.63 billion.
Ameresco Price Performance
Shares of NYSE:AMRC traded down $0.45 during midday trading on Tuesday, reaching $22.24. 379,803 shares of the company’s stock were exchanged, compared to its average volume of 522,423. The firm has a market capitalization of $1.16 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. The company’s 50 day simple moving average is $21.11 and its two-hundred day simple moving average is $24.76. Ameresco has a 12 month low of $17.55 and a 12 month high of $63.19. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.24 and a current ratio of 1.25.
Ameresco (NYSE:AMRC – Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. Ameresco had a return on equity of 7.49% and a net margin of 4.54%. The company had revenue of $441.40 million for the quarter, compared to the consensus estimate of $399.98 million. During the same period in the previous year, the business earned $0.35 earnings per share. The company’s quarterly revenue was up 33.1% on a year-over-year basis. Equities research analysts expect that Ameresco will post 1.39 earnings per share for the current fiscal year.
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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.
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