News stories about Ameresco (NYSE:AMRC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ameresco earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 46.404374721915 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
A number of equities analysts have weighed in on the company. Zacks Investment Research raised Ameresco from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Thursday, March 8th. ValuEngine lowered Ameresco from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Canaccord Genuity set a $11.50 price target on Ameresco and gave the company a “buy” rating in a research note on Sunday, March 4th. Roth Capital set a $13.00 price target on Ameresco and gave the company a “buy” rating in a research note on Wednesday, March 7th. Finally, Oppenheimer upped their price target on Ameresco from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Ameresco has an average rating of “Buy” and a consensus target price of $12.63.
Shares of Ameresco stock opened at $11.10 on Friday. Ameresco has a 52 week low of $11.10 and a 52 week high of $11.35. The firm has a market capitalization of $530.36 million, a PE ratio of 14.61, a price-to-earnings-growth ratio of 0.97 and a beta of 0.77. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.64.
Ameresco (NYSE:AMRC) last announced its quarterly earnings results on Tuesday, May 1st. The utilities provider reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.12. Ameresco had a return on equity of 13.66% and a net margin of 6.02%. The business had revenue of $167.40 million for the quarter, compared to analyst estimates of $140.03 million. During the same quarter in the prior year, the company posted $0.04 EPS. The company’s quarterly revenue was up 24.4% on a year-over-year basis. equities analysts forecast that Ameresco will post 0.66 earnings per share for the current fiscal year.
In related news, insider Joseph P. Demanche sold 31,425 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $9.71, for a total transaction of $305,136.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph P. Demanche sold 13,575 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $10.00, for a total value of $135,750.00. Following the transaction, the insider now directly owns 54,745 shares in the company, valued at approximately $547,450. The disclosure for this sale can be found here. In the last ninety days, insiders sold 378,240 shares of company stock worth $4,455,921. Corporate insiders own 58.36% of the company’s stock.
Ameresco Company Profile
Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.
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