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.

ILLEGAL ACTIVITY NOTICE: “Amber Road (AMBR) Updates Q1 2019 Earnings Guidance” was originally posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.thelincolnianonline.com/2019/02/11/amber-road-ambr-updates-q1-2019-earnings-guidance.html.

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.

Featured Story: What is Compound Interest?

Receive News & Ratings for Amber Road Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amber Road and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply