Brokerages Anticipate Amber Road Inc (AMBR) Will Announce Earnings of -$0.06 Per Share

Analysts forecast that Amber Road Inc (NYSE:AMBR) will report earnings of ($0.06) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Amber Road’s earnings. Amber Road posted earnings of ($0.12) per share in the same quarter last year, which would suggest a positive year over year growth rate of 50%. The business is scheduled to issue its next earnings report after the market closes on Tuesday, August 7th.

On average, analysts expect that Amber Road will report full-year earnings of ($0.18) per share for the current financial year, with EPS estimates ranging from ($0.20) to ($0.15). For the next fiscal year, analysts forecast that the business will report earnings of ($0.11) per share, with EPS estimates ranging from ($0.11) to ($0.10). Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Amber Road.

Amber Road (NYSE:AMBR) last announced its quarterly earnings data on Thursday, May 10th. The software maker reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. The firm had revenue of $20.10 million during the quarter, compared to analysts’ expectations of $20.05 million. Amber Road had a negative net margin of 14.56% and a negative return on equity of 44.17%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.12) earnings per share.

A number of brokerages recently weighed in on AMBR. ValuEngine upgraded shares of Amber Road from a “hold” rating to a “buy” rating in a report on Wednesday, June 20th. Stifel Nicolaus lifted their price objective on shares of Amber Road from $12.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 21st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.50.

Shares of Amber Road traded up $0.18, reaching $8.78, during trading on Friday, MarketBeat reports. The company’s stock had a trading volume of 117,582 shares, compared to its average volume of 123,986. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $235.59 million, a P/E ratio of -18.26 and a beta of 0.33. Amber Road has a 1-year low of $6.14 and a 1-year high of $10.29.

In other news, Director Ralph E. Faison purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The stock was bought at an average price of $9.38 per share, for a total transaction of $28,140.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James W. Preuninger sold 8,380 shares of Amber Road stock in a transaction that occurred on Tuesday, July 17th. The stock was sold at an average price of $8.82, for a total transaction of $73,911.60. Following the completion of the transaction, the chief executive officer now owns 1,789,437 shares of the company’s stock, valued at approximately $15,782,834.34. The disclosure for this sale can be found here. Insiders sold 97,848 shares of company stock valued at $916,219 in the last quarter. 15.10% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of AMBR. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Amber Road during the 1st quarter worth approximately $120,000. The Manufacturers Life Insurance Company lifted its position in shares of Amber Road by 59.2% during 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. Citadel Advisors LLC purchased a new stake in shares of Amber Road during the 1st quarter worth approximately $208,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Amber Road during the 1st quarter worth approximately $565,000. Finally, Spark Investment Management LLC purchased a new stake in shares of Amber Road during the 1st quarter worth approximately $198,000. Institutional investors own 67.10% of the company’s stock.

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.

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