Headlines about Ameresco (NYSE:AMRC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ameresco earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 45.804942024237 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Ameresco (NYSE:AMRC) remained flat at $8.00 on Friday. 91,748 shares of the company were exchanged. The firm has a market capitalization of $364.22 million, a price-to-earnings ratio of 26.58 and a beta of 1.15. Ameresco has a one year low of $4.60 and a one year high of $8.02. The stock has a 50 day moving average price of $7.68 and a 200 day moving average price of $7.04.
Ameresco (NYSE:AMRC) last released its earnings results on Wednesday, August 9th. The utilities provider reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.06. Ameresco had a return on equity of 5.23% and a net margin of 2.16%. The firm had revenue of $166.70 million during the quarter, compared to analysts’ expectations of $162.53 million. During the same period in the previous year, the firm posted $0.08 EPS. Ameresco’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts expect that Ameresco will post $0.42 earnings per share for the current fiscal year.
Several research firms recently weighed in on AMRC. Zacks Investment Research upgraded shares of Ameresco from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Monday, July 3rd. BidaskClub downgraded shares of Ameresco from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Oppenheimer Holdings, Inc. set a $9.00 price target on shares of Ameresco and gave the stock a “buy” rating in a report on Wednesday, August 9th. Finally, Canaccord Genuity increased their price target on shares of Ameresco from $8.00 to $8.50 and gave the stock a “buy” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $8.25.
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In other news, insider Joseph P. Demanche sold 4,220 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $7.80, for a total value of $32,916.00. Following the completion of the sale, the insider now directly owns 200,000 shares of the company’s stock, valued at approximately $1,560,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 7,213 shares of company stock valued at $56,860. Insiders own 58.36% of the company’s stock.
Ameresco Company Profile
Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.
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