Ameresco Inc. (NYSE: AMRC) stock fell -0.09% on Friday to $46.75 against a previous-day closing price of $46.79. With 0.64 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.36 million shares. During the session, the Engineering & Construction company that operates in wider Industrials sector, reached to the highest price of $47.02 whereas the lowest price it dropped to was $45.99. The 52-week range on AMRC shows that it touched its highest point at $76.54 and its lowest point at $39.62 during that stretch. It currently has a 1-year price target of $64.46. Beta for the stock currently stands at 1.32.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMRC was up-trending over the past week, with a rise of 14.19%, but this was down by -1.29% over a month. Three-month performance dropped to -5.00% while six-month performance rose 6.03%. The stock lost -38.76% in the past year, while it has lost -18.18% so far this year. A look at the trailing 12-month EPS for AMRC yields 0.99 with Next year EPS estimates of 2.56. For the next quarter, that number is 0.48. This implies an EPS growth rate of 32.20% for this year and 39.72% for next year. EPS is expected to grow by 27.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 28.20%.
Float and Shares Shorts:
At present, 52.13 million AMRC shares are outstanding with a float of 31.92 million shares on hand for trading. On Aug 30, 2023, short shares totaled 3.59 million, which was 6.88% higher than short shares on Jul 30, 2023. In addition to Mr. George P. Sakellaris P.E. as the firm’s Founder, Chairman, CEO & Pres, Mr. Spencer Doran Hole serves as its Exec. VP & CFO.
Through their ownership of 97.91% of AMRC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 66.98% of AMRC, in contrast to 34.38% held by mutual funds. Shares owned by individuals account for 22.39%. As the largest shareholder in AMRC with 11.20% of the stake, Grantham, Mayo, Van Otterloo & Co holds 3,828,840 shares worth 3,828,840. A second-largest stockholder of AMRC, The Vanguard Group, Inc., holds 3,007,975 shares, controlling over 8.80% of the firm’s shares. Handelsbanken Fonder AB is the third largest shareholder in AMRC, holding 2,629,592 shares or 7.69% stake. With a 4.79% stake in AMRC, the Handelsbanken Hallbar Energi is the largest stakeholder. A total of 1,639,250 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.94% of AMRC stock, is the second-largest Mutual Fund holder. It holds 1,004,039 shares valued at 43.67 million. GMO Resources Fund holds 2.71% of the stake in AMRC, owning 925,575 shares worth 40.25 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, AMRC reported revenue of $577.40M and operating income of $43.05M. The EBITDA in the recently reported quarter was $43.05M and diluted EPS was $0.61.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMRC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMRC analysts setting a high price target of $81.00 and a low target of $44.00, the average target price over the next 12 months is $64.36. Based on these targets, AMRC could surge 73.26% to reach the target high and fall by -5.88% to reach the target low. Reaching the average price target will result in a growth of 37.67% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded AMRC stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 2,163 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 78,943 while 12,163 shares were sold.