Ameresco Inc (AMRC) Releases Earnings Results, Beats Expectations By $0.15 EPS

Ameresco Inc (AMRC) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.15. Analysts had a consensus of $-0.12. The company posted revenue of $133.80 million in the period, compared to analysts expectations of $127.25 million. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Ameresco Inc closed down -0.16 points or -3.91% at $3.93 with 82,827 shares getting traded on Wednesday. Post opening the session at $4.08, the shares hit an intraday low of $3.91 and an intraday high of $4.2 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 9, 2016, Douglas I Foy (director) purchased 4,000 shares at $5.03 per share price. According to the SEC, on Mar 9, 2016, Francis V Jr Wisneski (director) purchased 1,000 shares at $4.86 per share price. On Jan 12, 2016, George P Sakellaris (CEO) purchased 41,749 shares at $5.68 per share price, according to the Form-4 filing with the securities and exchange commission.

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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