Ameresco Inc (AMRC) Releases Earnings Results, Beats Expectations By $0.05 EPS

Ameresco Inc (AMRC) announced its most recent quarterly financial results on Thursday, Mar-2-2017. AMRC said it had a profit of $0.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.03. The company posted revenue of $174.20 million in the period, compared to analysts expectations of $171.93 million. AMRC’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Based on several research reports , ROTH Capital Initiated Ameresco Inc on Dec 30, 2016 to “Neutral”, Price Target of the shares are set at $6.50.

Several company insiders have filed Insider transactions , on Aug 16, 2016, Jennifer L Miller (director) purchased 2,000 shares at $5.04 per share price. According to the SEC, on Mar 9, 2016, Douglas I Foy (director) purchased 4,000 shares at $5.03 per share price. On Mar 9, 2016, Francis V Jr Wisneski (director) purchased 1,000 shares at $4.86 per share price, according to the Form-4 filing with the securities and exchange commission.

Ameresco Inc opened for trading at $5 and hit $5.5 on the upside on Monday, eventually ending the session at $5.4, with a gain of 8.00% or 0.4 points. The heightened volatility saw the trading volume jump to 93,393 shares. Company has a market cap of $248 M.

Ameresco Inc. is a provider of energy efficiency infrastructure upgrades asset sustainability and renewable energy solutions for businesses and organizations. The Company operates throughout North America and Europe. It is engaged in the development design engineering and installation of projects that reduce the energy. The Company’s segments include U.S. Regions U.S. Federal Canada Small-Scale Infrastructure and All Other. It also assists customers in obtaining third-party financing. Its service includes energy efficiency projects which involves the design engineering and installation of and the arranging of financing for equipment to improve the energy efficiency and control the operation of a building’s heating ventilation cooling and lighting systems. Its service offering also includes the sale of electricity processed landfill gas (LFG) heat or cooling from the portfolio of assets that it owns and operates.

Ameresco Inc

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