Needham & Company Reiterates Hold on Ameresco (AMRC)

By admin | 6 years ago

Ameresco (NASDAQ: AMRC)‘s stock had its “hold” rating reaffirmed by Needham & Company in a research note issued on Wednesday.

A number of other firms have also recently commented on AMRC. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Ameresco in a research note to investors on Monday.

Shares of Ameresco traded down 0.73% during mid-day trading on Wednesday, hitting $11.4657. Ameresco has a 52 week low of $8.60 and a 52 week high of $15.47. The company has a market cap of $506.2 million and a P/E ratio of 16.81.

Ameresco last announced its earnings results on Tuesday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.07. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts predict that Ameresco will post $0.34 earnings per share next quarter.

Ameresco, Inc. (Ameresco) is a provider of energy efficiency solutions for facilities throughout North America.

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