Amber Road Inc (AMBR) Expected to Post Quarterly Sales of $21.47 Million

Equities research analysts predict that Amber Road Inc (NYSE:AMBR) will announce sales of $21.47 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Amber Road’s earnings. The lowest sales estimate is $21.43 million and the highest is $21.50 million. Amber Road posted sales of $20.63 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.1%. The company is scheduled to report its next quarterly earnings report on Thursday, February 21st.

On average, analysts expect that Amber Road will report full-year sales of $84.75 million for the current fiscal year, with estimates ranging from $84.71 million to $84.78 million. For the next financial year, analysts forecast that the business will post sales of $90.53 million, with estimates ranging from $90.50 million to $90.56 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Amber Road.

Amber Road (NYSE:AMBR) last announced its quarterly earnings data on Thursday, November 8th. The software maker reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The business had revenue of $22.20 million for the quarter, compared to analyst estimates of $21.71 million. Amber Road had a negative return on equity of 34.61% and a negative net margin of 11.67%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.02) earnings per share.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded Amber Road from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. ValuEngine upgraded Amber Road from a “hold” rating to a “buy” rating in a research note on Monday, September 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Amber Road has a consensus rating of “Buy” and a consensus price target of $11.75.

Shares of AMBR stock traded up $0.10 during mid-day trading on Monday, reaching $8.72. The stock had a trading volume of 81,422 shares, compared to its average volume of 98,248. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market capitalization of $239.57 million, a PE ratio of -18.55 and a beta of 0.35. Amber Road has a 1-year low of $6.71 and a 1-year high of $10.41.

In other news, CEO James W. Preuninger sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $9.00, for a total value of $180,000.00. Following the sale, the chief executive officer now owns 1,681,057 shares in the company, valued at $15,129,513. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas E. Conway sold 33,400 shares of the company’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $9.37, for a total value of $312,958.00. Following the completion of the sale, the chief financial officer now owns 33,400 shares in the company, valued at approximately $312,958. The disclosure for this sale can be found here. Insiders sold 181,843 shares of company stock worth $1,649,656 in the last 90 days. Company insiders own 15.10% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in Amber Road during the third quarter worth approximately $119,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Amber Road during the second quarter worth approximately $157,000. Engineers Gate Manager LP purchased a new position in Amber Road during the third quarter worth approximately $190,000. Lapides Asset Management LLC purchased a new position in Amber Road during the third quarter worth approximately $327,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Amber Road during the third quarter worth approximately $346,000. Institutional investors own 70.16% of the company’s stock.

Amber Road Company Profile

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.

Read More: Rule of 72

Get a free copy of the Zacks research report on Amber Road (AMBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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