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

Analysts forecast that Amber Road Inc (NYSE:AMBR) will announce earnings per share (EPS) of ($0.04) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Amber Road’s earnings, with estimates ranging from ($0.04) to ($0.03). Amber Road reported earnings of ($0.02) per share in the same quarter last year, which indicates a negative year over year growth rate of 100%. The business is expected to issue its next quarterly earnings report 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 fiscal year, with EPS estimates ranging from ($0.18) to ($0.12). For the next financial year, analysts anticipate that the firm will post earnings of ($0.07) per share, with EPS estimates ranging from ($0.15) to ($0.02). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow 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 for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Amber Road had a negative return on equity of 38.21% and a negative net margin of 12.71%. The business had revenue of $21.06 million for the quarter, compared to analysts’ expectations of $20.83 million.

Several equities analysts have recently weighed in on AMBR shares. ValuEngine upgraded Amber Road from a “hold” rating to a “buy” rating in a report on Monday, September 24th. Zacks Investment Research upgraded Amber Road from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Monday, August 13th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $11.75.

Shares of NYSE:AMBR traded up $0.05 during trading on Thursday, hitting $9.23. 115,036 shares of the company’s stock traded hands, compared to its average volume of 95,452. Amber Road has a 52 week low of $6.14 and a 52 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 0.69.

In other Amber Road news, insider Nathan Pieri sold 7,400 shares of the business’s stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of $9.96, for a total value of $73,704.00. Following the sale, the insider now owns 55,826 shares in the company, valued at approximately $556,026.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James W. Preuninger sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $8.52, for a total value of $85,200.00. Following the completion of the sale, the chief executive officer now owns 1,751,057 shares in the company, valued at approximately $14,919,005.64. The disclosure for this sale can be found here. Insiders sold a total of 95,545 shares of company stock worth $878,917 in the last 90 days. Company insiders own 15.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in shares of Amber Road by 22.2% during the 2nd quarter. BlackRock Inc. now owns 1,409,806 shares of the software maker’s stock worth $13,266,000 after purchasing an additional 256,325 shares during the last quarter. Northpointe Capital LLC acquired a new position in shares of Amber Road during the 2nd quarter worth approximately $2,161,000. Renaissance Technologies LLC increased its position in shares of Amber Road by 18.9% during the 2nd quarter. Renaissance Technologies LLC now owns 817,400 shares of the software maker’s stock worth $7,692,000 after purchasing an additional 129,820 shares during the last quarter. Divisar Capital Management LLC increased its position in shares of Amber Road by 16.7% during the 2nd quarter. Divisar Capital Management LLC now owns 679,960 shares of the software maker’s stock worth $6,398,000 after purchasing an additional 97,340 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Amber Road during the 2nd quarter worth approximately $896,000. Hedge funds and other institutional investors own 67.92% of the company’s stock.

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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