In the last trading session, 1.22 million shares of the Ameresco Inc (NYSE:AMRC) were traded, and its beta was 2.00. Most recently the company’s share price was $13.41, and it changed around $0.62 or 4.85% from the last close, which brings the market valuation of the company to $704.58M. AMRC currently trades at a discount to its 52-week high of $39.68, offering almost -195.9% off that amount. The share price’s 52-week low was $9.04, which indicates that the current value has risen by an impressive 32.59% since then. We note from Ameresco Inc’s average daily trading volume that its 10-day average is 0.93 million shares, with the 3-month average coming to 634.64K.
Ameresco Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.92. If we narrow it down even further, the data shows that 1 out of 14 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 4 recommended AMRC as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Ameresco Inc is expected to report earnings per share of -0.22 for the current quarter.
Ameresco Inc (NYSE:AMRC) trade information
Instantly AMRC has showed a green trend with a performance of 4.85% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 13.67 on recent trading dayincreased the stock’s daily price by 1.9%. The company’s shares are currently down -42.89% year-to-date, but still up 27.23% over the last five days. On the other hand, Ameresco Inc (NYSE:AMRC) is -31.55% down in the 30-day period. We can see from the shorts that 2.6 million shares have been sold at a short interest cover period of 5.34 day(s).
The consensus price target as assigned by Wall Street analysts is $28, which translates to bulls needing to increase their stock price by 52.11% from its current value. Analyst projections state that AMRC is forecast to be at a low of $8 and a high of $40.
Ameresco Inc (AMRC) estimates and forecasts
The year-over-year growth rate is expected to be 6.24%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 323.71M in revenue for the current quarter. 10 analysts expect Ameresco Inc to make 449.67M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 298.41M and 437.98M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 8.48%. Forecasts for the next quarter put sales growth at 2.67%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 2.77%. Ameresco Inc earnings are expected to increase by -31.40% in 2025, but the outlook is positive 10.00% per year for the next five years.
AMRC Dividends
Ameresco Inc’s next quarterly earnings report is expected to be released on 2025-Feb-26.
Ameresco Inc (NYSE:AMRC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.34% of Ameresco Inc shares, and 98.23% of them are in the hands of institutional investors. The stock currently has a share float of 107.18%. Ameresco Inc stock is held by 274.0 institutions, with GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC being the largest institutional investor. By 2024-06-30, it held 8.1497% of the shares, which is about 4.27 million shares worth $122.93 million.
VANGUARD GROUP INC, with 6.0126% or 3.14 million shares worth $90.58 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Macquarie Small Cap Core Fund and GMO Resources Fund were the top two Mutual Funds as of Nov 30, 2024 . The former held 1.17 shares worth $15.73 million, making up 3.40% of all outstanding shares. On the other hand, GMO Resources Fund held roughly 1.08 shares worth around $14.49 million, which represents about 3.13% of the total shares outstanding.
