Equities analysts expect that Amber Road Inc (NYSE:AMBR) will report ($0.06) earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Amber Road’s earnings. Amber Road posted earnings of ($0.12) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The firm is expected to announce its next quarterly earnings report on Thursday, August 2nd.
On average, analysts expect that Amber Road will report full year earnings of ($0.18) per share for the current year, with EPS estimates ranging from ($0.20) to ($0.15). For the next fiscal year, analysts expect that the business will post earnings of ($0.11) per share, with EPS estimates ranging from ($0.11) to ($0.10). Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Amber Road.Get Amber Road alerts:
Amber Road (NYSE:AMBR) last posted its earnings results on Thursday, May 10th. The software maker reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.04. Amber Road had a negative net margin of 14.56% and a negative return on equity of 44.17%. The company had revenue of $20.10 million during the quarter, compared to analysts’ expectations of $20.05 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. Amber Road’s revenue for the quarter was up 8.1% compared to the same quarter last year.
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 Thursday, May 17th. Needham & Company LLC raised their price target on shares of Amber Road from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Canaccord Genuity cut shares of Amber Road from a “buy” rating to a “hold” rating and raised their price target for the stock from $9.74 to $10.00 in a report on Friday, February 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $11.75.
NYSE:AMBR opened at $9.35 on Wednesday. Amber Road has a 52 week low of $6.14 and a 52 week 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 0.68.
In other Amber Road news, CEO James W. Preuninger sold 50,000 shares of the firm’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $9.50, for a total value of $475,000.00. Following the completion of the transaction, the chief executive officer now owns 1,800,184 shares of the company’s stock, valued at $17,101,748. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Thomas E. Conway sold 9,686 shares of the firm’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $9.31, for a total transaction of $90,176.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,606 shares of company stock valued at $751,183. Corporate insiders own 15.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in shares of Amber Road by 59.2% in the first quarter. The Manufacturers Life Insurance Company now owns 17,872 shares of the software maker’s stock worth $160,000 after acquiring an additional 6,643 shares during the period. Wells Fargo & Company MN increased its stake in shares of Amber Road by 73.6% in the third quarter. Wells Fargo & Company MN now owns 20,167 shares of the software maker’s stock worth $155,000 after acquiring an additional 8,547 shares during the period. Spark Investment Management LLC acquired a new stake in shares of Amber Road in the first quarter worth $198,000. Goldman Sachs Group Inc. acquired a new stake in shares of Amber Road in the fourth quarter worth $168,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Amber Road in the first quarter worth $208,000. Hedge funds and other institutional investors own 68.04% 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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