Ameresco (NYSE:AMRC) Earns Coverage Optimism Rating of 0.21

Media coverage about Ameresco (NYSE:AMRC) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ameresco earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 46.6532401466559 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the headlines that may have effected Accern’s scoring:

A number of brokerages have recently issued reports on AMRC. ValuEngine lowered shares of Ameresco to a “strong-buy” rating in a research note on Monday. Zacks Investment Research lowered shares of Ameresco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Roth Capital set a $13.00 target price on shares of Ameresco and gave the company a “buy” rating in a research note on Wednesday, March 7th. Finally, Canaccord Genuity set a $11.50 target price on shares of Ameresco and gave the company a “buy” rating in a research note on Sunday, March 4th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $11.38.

AMRC traded up $0.20 on Thursday, hitting $12.95. 203,936 shares of the company’s stock were exchanged, compared to its average volume of 135,429. The firm has a market cap of $568.79, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 1.32 and a beta of 0.75. Ameresco has a twelve month low of $5.25 and a twelve month high of $13.20. The company has a quick ratio of 1.38, a current ratio of 1.42 and a debt-to-equity ratio of 0.51.

Ameresco (NYSE:AMRC) last released its quarterly earnings data on Tuesday, March 6th. The utilities provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.34. The firm had revenue of $211.10 million for the quarter, compared to analyst estimates of $187.00 million. Ameresco had a net margin of 5.23% and a return on equity of 11.18%. Ameresco’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 earnings per share. research analysts anticipate that Ameresco will post 0.61 earnings per share for the current year.

In related news, EVP Joseph P. Demanche sold 12,500 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $9.20, for a total transaction of $115,000.00. Following the sale, the executive vice president now owns 127,500 shares in the company, valued at $1,173,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 138,240 shares of company stock worth $1,440,550. 58.36% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Ameresco (NYSE:AMRC)

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