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

Amber Road (NYSE:AMBR) announced its quarterly earnings results on Tuesday, August 7th. The software maker reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03, Bloomberg Earnings 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 $21.06 million during the quarter, compared to analysts’ expectations of $20.83 million. Amber Road updated its Q3 guidance to ($0.05-0.03) EPS and its FY18 guidance to ($0.19-0.12) EPS.

NYSE:AMBR traded up $0.05 during midday trading on Friday, reaching $8.73. 69,400 shares of the stock traded hands, compared to its average volume of 118,805. Amber Road has a 12-month low of $6.14 and a 12-month high of $10.29. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $238.88 million, a price-to-earnings ratio of -18.57 and a beta of 0.26.

A number of research firms recently commented on AMBR. ValuEngine raised shares of Amber Road from a “hold” rating to a “buy” rating in a research report on Wednesday, June 20th. Stifel Nicolaus increased their target price on shares of Amber Road from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, June 21st. Finally, Zacks Investment Research raised 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 report on Monday, August 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Amber Road currently has a consensus rating of “Buy” and a consensus target price of $11.75.

In other Amber Road news, insider Nathan Pieri sold 9,862 shares of the firm’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $9.24, for a total value of $91,124.88. Following the completion of the transaction, the insider now owns 40,688 shares of the company’s stock, valued at $375,957.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO James W. Preuninger sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $8.52, for a total transaction of $85,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,751,057 shares of the company’s stock, valued at approximately $14,919,005.64. The disclosure for this sale can be found here. Insiders have sold 54,819 shares of company stock valued at $487,185 in the last three months. 15.10% of the stock is currently owned by corporate insiders.

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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Earnings History for Amber Road (NYSE:AMBR)

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