During the last session, Ameresco Inc (NYSE:AMRC)’s traded shares were 0.33 million, with the beta value of the company hitting 1.82. At the end of the trading day, the stock’s price was $32.33, reflecting an intraday gain of 5.07% or $1.56. The 52-week high for the AMRC share is $39.68, that puts it down -22.73 from that peak though still a striking 45.72% gain since the share price plummeted to a 52-week low of $17.55. The company’s market capitalization is $1.69B, and the average intraday trading volume over the past 10 days was 0.32 million shares, and the average trade volume was 332.27K shares over the past three months.
Ameresco Inc (AMRC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.71. AMRC has a Sell rating from 1 analyst(s) out of 14 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 10 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.47.
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Ameresco Inc (NYSE:AMRC) trade information
Ameresco Inc (AMRC) registered a 5.07% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.07% in intraday trading to $32.33, hitting a weekly high. The stock’s 5-day price performance is 5.97%, and it has moved by -5.74% in 30 days. Based on these gigs, the overall price performance for the year is 26.64%. The short interest in Ameresco Inc (NYSE:AMRC) is 3.72 million shares and it means that shorts have 13.16 day(s) to cover.
The consensus price target of analysts on Wall Street is $42, which implies an increase of 23.02% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $33 and $82 respectively. As a result, AMRC is trading at a discount of -153.63% off the target high and -2.07% off the low.
Ameresco Inc (AMRC) estimates and forecasts
Statistics show that Ameresco Inc has underperformed its competitors in share price, compared to the industry in which it operates. Ameresco Inc (AMRC) shares have gone up 44.27% during the last six months, with a year-to-date growth rate less than the industry average at -8.73% against -5.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 17.50% this quarter and then drop -11.60% in the quarter after that. In the rating firms’ projections, revenue will increase 26.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 482.86M as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 526.1M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 335.15M and 441.37M respectively. In this case, analysts expect current quarter sales to grow by 44.10% and then jump by 19.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 7.63%. While earnings are projected to return -6.93% in 2024, the next five years will return 25.00% per annum.
AMRC Dividends
Ameresco Inc is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Ameresco Inc (NYSE:AMRC)’s Major holders
Ameresco Inc insiders own 7.09% of total outstanding shares while institutional holders control 101.59%, with the float percentage being 109.35%. GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC is the largest shareholder of the company, while 278.0 institutions own stock in it. As of 2024-06-30, the company held over 4.27 million shares (or 8.16% of all shares), a total value of $122.93 million in shares.
The next largest institutional holding, with 3.14 million shares, is of VANGUARD GROUP INC’s that is approximately 6.0126% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $90.58 million.
