TheStreet Upgrades Ameresco to Hold (AMRC)
Separately, analysts at Canaccord Genuity raised their price target on shares of Ameresco from $8.00 to $9.00 in a research note on Friday, August 1st.
Shares of Ameresco (NASDAQ:AMRC) traded down 0.72% during mid-day trading on Friday, hitting $8.3199. 25,174 shares of the company’s stock traded hands. Ameresco has a 52-week low of $5.59 and a 52-week high of $10.88. The stock’s 50-day moving average is $7.60 and its 200-day moving average is $7.57. The company has a market cap of $385.6 million and a price-to-earnings ratio of 931.11.
Ameresco (NASDAQ:AMRC) last announced its earnings results on Thursday, July 31st. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.09. The company had revenue of $142.60 million for the quarter, compared to the consensus estimate of $122.10 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. On average, analysts predict that Ameresco will post $0.19 earnings per share for the current fiscal year.
Ameresco, Inc, is a provider of energy efficiency solutions for facilities throughout North America. The Company’s services include upgrades to a facility’s energy infrastructure and the construction and operation of small-scale renewable energy plants.
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