Amber Road (AMBR) Releases FY 2018 Earnings Guidance

Amber Road (NYSE:AMBR) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $-0.1–0.08 for the period, compared to the Thomson Reuters consensus estimate of $-0.15. The company issued revenue guidance of $84.4-85 million, compared to the consensus revenue estimate of $85.3 million.Amber Road also updated its Q4 2018 guidance to $-0.05–0.03 EPS.

Shares of NYSE AMBR traded up $0.03 during trading hours on Thursday, reaching $9.28. 53,845 shares of the stock were exchanged, compared to its average volume of 122,325. The firm has a market cap of $253.74 million, a P/E ratio of -19.74 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 has a 52 week low of $6.14 and a 52 week high of $10.41.

Amber Road (NYSE:AMBR) last announced its earnings results on Tuesday, August 7th. The software maker reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The company had revenue of $21.06 million for the quarter, compared to analyst estimates of $20.83 million. Amber Road had a negative return on equity of 38.21% and a negative net margin of 12.71%. Analysts forecast that Amber Road will post -0.4 EPS for the current year.

A number of equities research analysts recently issued reports on AMBR shares. 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 target on the stock 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. The company currently has an average rating of Buy and a consensus price target of $11.75.

In other Amber Road news, CFO Thomas E. Conway sold 3,720 shares of the firm’s stock in a transaction on Wednesday, October 10th. The stock was sold at an average price of $9.81, for a total value of $36,493.20. Following the sale, the chief financial officer now owns 25,000 shares of the company’s stock, valued at approximately $245,250. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James W. Preuninger sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $8.91, for a total value of $178,200.00. The disclosure for this sale can be found here. Insiders have sold 95,545 shares of company stock worth $878,917 in the last three months. 15.10% of the stock is currently owned by company insiders.

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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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