Ameresco (AMRC) Earning Somewhat Positive Press Coverage, Study Shows
Media coverage about Ameresco (NYSE:AMRC) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. 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 media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the near future.
A number of equities analysts have weighed in on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $8.00 price target on shares of Ameresco in a research note on Monday, May 1st. Roth Capital set a $7.00 target price on shares of Ameresco and gave the company a “hold” rating in a research note on Monday, March 6th. Zacks Investment Research downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Finally, Oppenheimer Holdings, Inc. set a $9.00 target price on shares of Ameresco and gave the company a “buy” rating in a research note on Thursday, March 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $8.19.
Shares of Ameresco (NYSE AMRC) opened at 7.00 on Friday. The company’s 50-day moving average is $6.79 and its 200-day moving average is $6.03. Ameresco has a 12-month low of $4.24 and a 12-month high of $7.25. The firm has a market capitalization of $317.97 million, a price-to-earnings ratio of 31.25 and a beta of 1.24.
Ameresco (NYSE:AMRC) last issued its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.06. Ameresco had a return on equity of 4.52% and a net margin of 1.58%. The firm had revenue of $134.61 million during the quarter, compared to analyst estimates of $131.95 million. On average, equities analysts forecast that Ameresco will post $0.39 earnings per share for the current fiscal year.
In other news, Director Thomas S. Murley acquired 4,000 shares of Ameresco stock in a transaction dated Monday, May 8th. The stock was acquired at an average cost of $6.85 per share, for a total transaction of $27,400.00. Following the completion of the purchase, the director now owns 4,000 shares of the company’s stock, valued at $27,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Louis P. Maltezos sold 23,175 shares of the business’s stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $6.15, for a total transaction of $142,526.25. Following the completion of the sale, the insider now owns 23,175 shares of the company’s stock, valued at $142,526.25. The disclosure for this sale can be found here. Insiders sold 92,700 shares of company stock valued at $595,134 over the last 90 days. 54.16% of the stock is owned by corporate insiders.
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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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