News coverage about Ameresco (NYSE:AMRC) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 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 closest to one being the most favorable. Ameresco earned a news impact score of 0.06 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 45.0838102232416 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several research firms recently commented on AMRC. Zacks Investment Research lowered Ameresco from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. BidaskClub lowered Ameresco from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Finally, Oppenheimer reiterated a “buy” rating and issued a $10.00 price target (up previously from $8.50) on shares of Ameresco in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $8.88.
Shares of Ameresco (AMRC) opened at $8.75 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.29 and a quick ratio of 1.24. The stock has a market cap of $398.15, a PE ratio of 23.03, a price-to-earnings-growth ratio of 2.68 and a beta of 1.13. Ameresco has a 12 month low of $4.80 and a 12 month high of $9.10.
Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The business had revenue of $204.74 million during the quarter, compared to the consensus estimate of $186.20 million. Ameresco had a net margin of 2.49% and a return on equity of 5.42%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. equities analysts forecast that Ameresco will post 0.42 EPS for the current year.
In other Ameresco news, insider Joseph P. Demanche sold 7,007 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $8.00, for a total value of $56,056.00. Following the completion of the sale, the insider now owns 196,625 shares of the company’s stock, valued at $1,573,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph P. Demanche sold 4,783 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $8.80, for a total transaction of $42,090.40. Following the completion of the sale, the executive vice president now directly owns 154,688 shares of the company’s stock, valued at approximately $1,361,254.40. The disclosure for this sale can be found here. In the last three months, insiders sold 61,790 shares of company stock valued at $528,015. 58.36% of the stock is owned by insiders.
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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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