Amber Road Inc (AMBR) Expected to Post Earnings of -$0.04 Per Share

Analysts predict that Amber Road Inc (NYSE:AMBR) will post ($0.04) earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for Amber Road’s earnings, with the lowest EPS estimate coming in at ($0.04) and the highest estimate coming in at ($0.03). Amber Road posted earnings per share of ($0.02) during the same quarter last year, which indicates a negative year-over-year growth rate of 100%. The firm is expected to announce its next earnings results after the market closes on Thursday, November 8th.

According to Zacks, analysts expect that Amber Road will report full year earnings of ($0.15) per share for the current financial year, with EPS estimates ranging from ($0.18) to ($0.12). For the next fiscal year, analysts expect that the firm will report earnings of ($0.07) per share, with EPS estimates ranging from ($0.15) to ($0.02). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Amber Road.

Amber Road (NYSE:AMBR) last released its quarterly earnings data on Tuesday, August 7th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03. Amber Road had a negative net margin of 12.71% and a negative return on equity of 38.21%. The firm had revenue of $21.06 million for the quarter, compared to the consensus estimate of $20.83 million.

A number of research firms have recently issued reports on AMBR. Stifel Nicolaus increased their price objective on shares of Amber Road from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, June 21st. Zacks Investment Research raised shares of Amber Road from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Monday, August 13th. Finally, ValuEngine raised shares of Amber Road from a “hold” rating to a “buy” rating in a research report on Monday, September 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Amber Road has a consensus rating of “Buy” and a consensus price target of $11.75.

Shares of NYSE AMBR traded up $0.16 during midday trading on Monday, reaching $9.13. 226,218 shares of the company’s stock traded hands, compared to its average volume of 126,436. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.65 and a current ratio of 0.65. Amber Road has a one year low of $6.14 and a one year high of $10.41. The company has a market cap of $264.75 million, a PE ratio of -19.43 and a beta of 0.26.

In related news, insider Nathan Pieri sold 7,400 shares of the stock in a transaction that occurred on Tuesday, October 9th. The shares were sold at an average price of $9.96, for a total transaction of $73,704.00. Following the completion of the sale, the insider now owns 55,826 shares of the company’s stock, valued at $556,026.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Thomas E. Conway sold 3,720 shares of the stock in a transaction that occurred on Wednesday, October 10th. The shares were sold at an average price of $9.81, for a total transaction of $36,493.20. Following the sale, the chief financial officer now directly owns 25,000 shares of the company’s stock, valued at approximately $245,250. The disclosure for this sale can be found here. Insiders have sold 103,925 shares of company stock valued at $952,828 in the last three months. 15.10% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp raised its holdings in shares of Amber Road by 19.9% in the second quarter. Northern Trust Corp now owns 241,764 shares of the software maker’s stock worth $2,275,000 after buying an additional 40,206 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Amber Road in the second quarter worth $896,000. Divisar Capital Management LLC raised its holdings in shares of Amber Road by 16.7% in the second quarter. Divisar Capital Management LLC now owns 679,960 shares of the software maker’s stock worth $6,398,000 after buying an additional 97,340 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Amber Road by 18.9% in the second quarter. Renaissance Technologies LLC now owns 817,400 shares of the software maker’s stock worth $7,692,000 after buying an additional 129,820 shares during the last quarter. Finally, Citadel Advisors LLC raised its holdings in shares of Amber Road by 92.2% in the second quarter. Citadel Advisors LLC now owns 44,919 shares of the software maker’s stock worth $423,000 after buying an additional 21,545 shares during the last quarter. 67.82% of the stock is owned by institutional investors and hedge funds.

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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