Ameresco Inc (NYSE:AMRC) insider Joseph P. Demanche sold 27,185 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $10.59, for a total value of $287,889.15. Following the sale, the insider now directly owns 54,745 shares of the company’s stock, valued at approximately $579,749.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Ameresco Inc (NYSE AMRC) traded up $0.10 during mid-day trading on Tuesday, reaching $10.80. The company’s stock had a trading volume of 11,623 shares, compared to its average volume of 92,512. Ameresco Inc has a 1 year low of $5.25 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.42. The stock has a market capitalization of $484.62, a P/E ratio of 20.98, a PEG ratio of 1.14 and a beta of 1.15.
Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Tuesday, March 6th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.34. Ameresco had a return on equity of 11.18% and a net margin of 5.23%. The firm had revenue of $211.10 million during the quarter, compared to the consensus estimate of $187.00 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. equities analysts predict that Ameresco Inc will post 0.61 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on AMRC shares. Canaccord Genuity set a $11.50 price target on Ameresco and gave the company a “buy” rating in a research report on Sunday, March 4th. Zacks Investment Research downgraded Ameresco from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Roth Capital set a $13.00 price target on Ameresco and gave the company a “buy” rating in a research report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Ameresco has a consensus rating of “Buy” and a consensus target price of $11.38.
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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