Ameresco (AMRC) Earning Somewhat Favorable News Coverage, Study Shows
News stories about Ameresco (NYSE:AMRC) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ameresco earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 45.850062681696 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Ameresco (NYSE AMRC) traded up 1.97% during trading on Friday, hitting $7.75. 176,323 shares of the company’s stock were exchanged. The company has a market cap of $352.83 million, a price-to-earnings ratio of 25.75 and a beta of 1.12. Ameresco has a 52-week low of $4.60 and a 52-week high of $7.85. The firm has a 50 day moving average price of $7.05 and a 200 day moving average price of $6.71.
Ameresco (NYSE:AMRC) last released its earnings results on Wednesday, August 9th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.06. The firm had revenue of $166.70 million during the quarter, compared to analyst estimates of $162.53 million. Ameresco had a net margin of 2.16% and a return on equity of 5.23%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.08 EPS. On average, equities research analysts predict that Ameresco will post $0.42 earnings per share for the current year.
A number of equities analysts have issued reports on AMRC shares. Zacks Investment Research upgraded shares of Ameresco from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research report on Monday, July 3rd. BidaskClub upgraded shares of Ameresco from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Canaccord Genuity boosted their price objective on shares of Ameresco from $8.00 to $8.50 and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Oppenheimer Holdings, Inc. set a $9.00 price objective on shares of Ameresco and gave the company a “buy” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $8.25.
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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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