Amber Road (AMBR) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Amber Road (NYSE:AMBR) posted its earnings results on Thursday. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.03, Morningstar.com reports. Amber Road had a negative net margin of 12.71% and a negative return on equity of 38.21%. The firm had revenue of $22.20 million during the quarter, compared to analyst estimates of $21.71 million. During the same quarter in the prior year, the business posted ($0.02) EPS. The business’s revenue was up 9.9% compared to the same quarter last year. Amber Road updated its Q4 2018 guidance to $-0.05–0.03 EPS and its FY 2018 guidance to $-0.1–0.08 EPS.

Shares of NYSE:AMBR opened at $8.75 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $254.57 million, a P/E ratio of -18.62 and a beta of 0.35. Amber Road has a fifty-two week low of $6.14 and a fifty-two week high of $10.41.

AMBR has been the subject of several recent analyst reports. ValuEngine upgraded shares of Amber Road from a “hold” rating to a “buy” rating in a research note on Monday, September 24th. Zacks Investment Research upgraded shares of Amber Road from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Monday, August 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $11.75.

In related news, CEO James W. Preuninger sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $8.91, for a total value of $178,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas E. Conway sold 33,400 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $9.37, for a total transaction of $312,958.00. Following the completion of the transaction, the chief financial officer now directly owns 33,400 shares in the company, valued at $312,958. The disclosure for this sale can be found here. Insiders sold a total of 90,625 shares of company stock worth $834,932 over the last three months. 15.10% of the stock is owned by insiders.

Several large investors have recently modified their holdings of AMBR. The Manufacturers Life Insurance Company boosted its holdings in shares of Amber Road by 59.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 17,872 shares of the software maker’s stock worth $160,000 after buying an additional 6,643 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Amber Road during the first quarter valued at about $120,000. Northpointe Capital LLC purchased a new stake in Amber Road during the second quarter valued at about $2,161,000. Penbrook Management LLC lifted its holdings in Amber Road by 27.9% during the second quarter. Penbrook Management LLC now owns 91,800 shares of the software maker’s stock valued at $864,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Dupont Capital Management Corp purchased a new stake in Amber Road during the second quarter valued at about $378,000. 67.86% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This report was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://www.com-unik.info/2018/11/10/amber-road-ambr-posts-quarterly-earnings-results-beats-expectations-by-0-03-eps.html.

About Amber Road

Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. The company's GTM solutions include modules for logistics contract and rate management; supply chain visibility and event management; international trade compliance; and global knowledge trade content database, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.

See Also: What does earnings per share mean?

Earnings History for Amber Road (NYSE:AMBR)

Receive News & Ratings for Amber Road Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amber Road and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit