News stories about Ameresco (NYSE:AMRC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ameresco earned a news impact score of 0.15 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 45.5876062203137 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Ameresco (AMRC) traded up 0.63% during midday trading on Thursday, hitting $7.95. 22,440 shares of the stock were exchanged. Ameresco has a 1-year low of $4.60 and a 1-year high of $8.00. The stock has a market cap of $361.94 million, a PE ratio of 26.41 and a beta of 1.15. The company’s 50 day moving average is $7.56 and its 200-day moving average is $6.94.
Ameresco (NYSE:AMRC) last released its quarterly earnings results on Wednesday, August 9th. The utilities provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.06. The business had revenue of $166.70 million for the quarter, compared to analysts’ expectations of $162.53 million. Ameresco had a net margin of 2.16% and a return on equity of 5.23%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 earnings per share. On average, analysts expect that Ameresco will post $0.42 earnings per share for the current year.
A number of research firms have recently commented on AMRC. Zacks Investment Research lowered shares of Ameresco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub raised shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Oppenheimer Holdings, Inc. set a $9.00 price objective on shares of Ameresco and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, Canaccord Genuity upped their price objective on shares of Ameresco from $8.00 to $8.50 and gave the company a “buy” rating in a research note on Monday, August 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Ameresco has an average rating of “Buy” and a consensus price target of $8.25.
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In related news, insider Joseph P. Demanche sold 4,220 shares of Ameresco stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $7.80, for a total value of $32,916.00. Following the sale, the insider now owns 200,000 shares in the company, valued at $1,560,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 7,213 shares of company stock worth $56,860. 58.36% of the stock is currently owned by company insiders.
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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