Amber Road (AMBR) Issues Q4 2018 Earnings Guidance

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Amber Road (NYSE:AMBR) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided EPS guidance of $-0.05–0.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.03. The company issued revenue guidance of $21.1-21.7 million, compared to the consensus revenue estimate of $22.56 million.Amber Road also updated its FY 2018 guidance to $-0.1–0.08 EPS.

Shares of NYSE:AMBR opened at $8.75 on Friday. Amber Road has a 1 year low of $6.14 and a 1 year high of $10.41. The stock has a market cap of $254.57 million, a P/E ratio of -18.62 and a beta of 0.35. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.69.

Amber Road (NYSE:AMBR) last announced its quarterly earnings results on Thursday, November 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The company had revenue of $22.20 million for the quarter, compared to the consensus estimate of $21.71 million. Amber Road had a negative return on equity of 38.21% and a negative net margin of 12.71%. Amber Road’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) EPS. On average, analysts expect that Amber Road will post -0.4 earnings per share for the current fiscal year.

AMBR has been the topic of several research reports. ValuEngine raised Amber Road from a hold rating to a buy rating in a research report on Wednesday, September 12th. Zacks Investment Research raised Amber Road from a hold rating to a buy rating and set a $10.00 price objective on the stock in a research report on Monday, August 13th. Two equities research 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 an average rating of Buy and a consensus target price of $11.75.

In other Amber Road news, CFO Thomas E. Conway sold 33,400 shares of Amber Road stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $9.37, for a total transaction of $312,958.00. Following the sale, the chief financial officer now directly owns 33,400 shares of the company’s stock, valued at approximately $312,958. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James W. Preuninger sold 10,000 shares of Amber Road stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $8.52, for a total value of $85,200.00. Following the sale, the chief executive officer now directly owns 1,751,057 shares in the company, valued at $14,919,005.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,625 shares of company stock worth $834,932. Insiders own 15.10% of the company’s stock.

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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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