Amber Road (AMBR) Updates Q1 2019 Earnings Guidance

Amber Road (NYSE:AMBR) issued an update on its first quarter 2019 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $-0.04–0.02 for the period, compared to the Thomson Reuters consensus estimate of $-0.03. The company issued revenue guidance of $20.3-20.9 million, compared to the consensus revenue estimate of $21.42 million.Amber Road also updated its FY 2019 guidance to $-0.06-0.04 EPS.

AMBR traded up $0.03 on Monday, reaching $8.81. The company had a trading volume of 57,171 shares, compared to its average volume of 46,892. Amber Road has a one year low of $7.60 and a one year high of $10.41. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $244.02 million, a PE ratio of -18.74 and a beta of 0.42.

Amber Road (NYSE:AMBR) last announced its quarterly earnings results on Thursday, November 8th. The software maker reported ($0.06) EPS for the quarter, beating the consensus estimate 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 34.61% and a negative net margin of 11.67%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.02) earnings per share. On average, equities analysts expect that Amber Road will post -0.37 EPS for the current year.

Separately, Zacks Investment Research cut Amber Road from a buy rating to a hold rating in a research note on Monday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Amber Road has a consensus rating of Buy and a consensus price target of $11.75.

In other Amber Road news, CFO Thomas E. Conway sold 3,123 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $9.03, for a total transaction of $28,200.69. Following the completion of the transaction, the chief financial officer now owns 1,500 shares of the company’s stock, valued at approximately $13,545. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James W. Preuninger sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $8.96, for a total value of $268,800.00. Following the transaction, the chief executive officer now directly owns 1,721,057 shares of the company’s stock, valued at approximately $15,420,670.72. The disclosure for this sale can be found here. Insiders have sold 126,061 shares of company stock worth $1,120,638 over the last quarter. 15.10% of the stock is currently owned by corporate 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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