Amber Road (AMBR) Updates FY 2019 Earnings Guidance

Amber Road (NYSE:AMBR) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share guidance of $-0.06-0.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.09. The company issued revenue guidance of $88.7-91.7 million, compared to the consensus revenue estimate of $90.81 million.Amber Road also updated its Q1 2019 guidance to $-0.04–0.02 EPS.

Shares of AMBR stock opened at $8.81 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.66. The firm has a market cap of $244.02 million, a PE ratio of -18.74 and a beta of 0.42. Amber Road has a 52 week low of $7.60 and a 52 week high of $10.41.

Amber Road (NYSE:AMBR) last announced its earnings results on Monday, February 11th. The software maker reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.05). Amber Road had a negative return on equity of 34.61% and a negative net margin of 11.67%. As a group, equities analysts predict 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 report on Monday, January 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $11.75.

In other news, CFO Thomas E. Conway sold 20,000 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $8.93, for a total transaction of $178,600.00. Following the sale, the chief financial officer now owns 4,623 shares in the company, valued at $41,283.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James W. Preuninger sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $8.96, for a total value of $268,800.00. Following the completion of the transaction, the chief executive officer now owns 1,721,057 shares in the company, valued at approximately $15,420,670.72. The disclosure for this sale can be found here. Insiders have sold 123,123 shares of company stock worth $1,094,401 in the last 90 days. Company insiders own 15.10% of the company’s stock.

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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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