Amber Road (AMBR) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Amber Road (NYSE:AMBR) released its quarterly earnings data on Thursday. The software maker reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.02, Morningstar.com reports. Amber Road had a negative net margin of 12.49% and a negative return on equity of 32.87%. The company had revenue of $21.10 million during the quarter, compared to analyst estimates of $20.62 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year.

AMBR traded up $0.73 during trading hours on Friday, reaching $10.30. 148,316 shares of the stock traded hands, compared to its average volume of 77,402. The firm has a market cap of $271.92 million, a price-to-earnings ratio of -21.02 and a beta of 0.46. Amber Road has a fifty-two week low of $7.60 and a fifty-two week high of $10.41. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.65.

Several equities research analysts have recently issued reports on AMBR shares. Zacks Investment Research raised shares of Amber Road from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a research report on Tuesday, January 15th. ValuEngine lowered shares of Amber Road from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th.

In related news, CEO James W. Preuninger sold 41,560 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $9.51, for a total transaction of $395,235.60. Following the completion of the sale, the chief executive officer now directly owns 1,713,929 shares of the company’s stock, valued at approximately $16,299,464.79. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Thomas E. Conway sold 19,986 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $8.71, for a total transaction of $174,078.06. Following the sale, the chief financial officer now directly owns 58,334 shares of the company’s stock, valued at $508,089.14. The disclosure for this sale can be found here. 15.10% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP grew its holdings in Amber Road by 7.0% during the 4th quarter. Royce & Associates LP now owns 1,868,815 shares of the software maker’s stock valued at $15,380,000 after purchasing an additional 122,896 shares in the last quarter. BlackRock Inc. grew its holdings in Amber Road by 6.2% during the 4th quarter. BlackRock Inc. now owns 1,561,136 shares of the software maker’s stock valued at $12,847,000 after purchasing an additional 91,376 shares in the last quarter. Vanguard Group Inc grew its holdings in Amber Road by 16.5% during the 3rd quarter. Vanguard Group Inc now owns 1,205,262 shares of the software maker’s stock valued at $11,594,000 after purchasing an additional 170,725 shares in the last quarter. Vanguard Group Inc. grew its holdings in Amber Road by 16.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,205,262 shares of the software maker’s stock valued at $11,594,000 after purchasing an additional 170,725 shares in the last quarter. Finally, Divisar Capital Management LLC grew its holdings in Amber Road by 5.6% during the 4th quarter. Divisar Capital Management LLC now owns 759,660 shares of the software maker’s stock valued at $6,252,000 after purchasing an additional 40,000 shares in the last quarter. 79.86% of the stock is owned by institutional investors and hedge funds.

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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, such as import management, export management, China trade management, global logistics management, trade agreement management, and supply chain collaboration, as well as professional services, such as assessment, implementation, education and training, and maintenance and support.

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Earnings History for Amber Road (NYSE:AMBR)

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