Amber Road (AMBR) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

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Amber Road (NYSE:AMBR) issued its earnings results on Monday. The software maker reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.05), Morningstar.com reports. Amber Road had a negative return on equity of 34.61% and a negative net margin of 11.67%. Amber Road updated its Q1 2019 guidance to $-0.04–0.02 EPS and its FY 2019 guidance to $-0.06-0.04 EPS.

NYSE:AMBR opened at $8.81 on Tuesday. The company has a market cap of $244.02 million, a P/E ratio of -18.74 and a beta of 0.42. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.66. Amber Road has a 1-year low of $7.60 and a 1-year high of $10.41.

In related news, CEO James W. Preuninger sold 10,000 shares of Amber Road stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $8.66, for a total transaction of $86,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,701,057 shares of the company’s stock, valued at approximately $14,731,153.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas E. Conway sold 20,000 shares of Amber Road stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $8.93, for a total value of $178,600.00. Following the sale, the chief financial officer now directly owns 4,623 shares of the company’s stock, valued at $41,283.39. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,123 shares of company stock valued at $1,094,401. 15.10% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. First Interstate Bank acquired a new position in Amber Road in the 4th quarter valued at $33,000. Ramsey Quantitative Systems acquired a new position in Amber Road in the 4th quarter valued at $93,000. Jane Street Group LLC acquired a new position in Amber Road in the 3rd quarter valued at $119,000. State Board of Administration of Florida Retirement System raised its holdings in Amber Road by 14.2% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 15,351 shares of the software maker’s stock valued at $126,000 after acquiring an additional 1,911 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Amber Road in the 3rd quarter valued at $148,000. 72.57% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded Amber Road from a “buy” rating to a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $11.75.

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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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Earnings History for Amber Road (NYSE:AMBR)

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