Amber Road (AMBR) Issues Q1 2019 Earnings Guidance

Amber Road (NYSE:AMBR) updated its first quarter 2019 earnings guidance on Monday. The company provided earnings per share guidance of $-0.04–0.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.03. The company issued revenue guidance of $20.3-20.9 million, compared to the consensus revenue estimate of $21.42 million.Amber Road also updated its FY 2019 guidance to $-0.06-0.04 EPS.

Separately, Zacks Investment Research raised Amber Road from a hold rating to a buy rating and set a $10.00 target price on the stock in a research report on Wednesday, February 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Amber Road presently has a consensus rating of Buy and an average target price of $11.75.

Shares of NYSE:AMBR traded up $0.03 during trading on Monday, hitting $8.81. The stock had a trading volume of 57,171 shares, compared to its average volume of 46,892. 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 $244.02 million, a P/E ratio of -18.74 and a beta of 0.42. Amber Road has a 12 month low of $7.60 and a 12 month high of $10.41.

Amber Road (NYSE:AMBR) last released its quarterly earnings results on Thursday, November 8th. The software maker reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. The company had revenue of $22.20 million during 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 firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) earnings per share. On average, equities analysts forecast that Amber Road will post -0.37 EPS for the current fiscal year.

In other news, CFO Thomas E. Conway sold 3,123 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $9.03, for a total value of $28,200.69. Following the sale, the chief financial officer now directly owns 1,500 shares in the company, valued at approximately $13,545. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Thomas E. Conway sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $8.93, for a total transaction of $178,600.00. Following the completion of the sale, the chief financial officer now owns 4,623 shares in the company, valued at $41,283.39. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 126,061 shares of company stock worth $1,120,638. Insiders own 15.10% of the company’s stock.

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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.

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