Amber Road (AMBR) Updates FY 2019 Earnings Guidance

Amber Road (NYSE:AMBR) updated its FY 2019 earnings guidance on Monday. 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.

Separately, Zacks Investment Research cut Amber Road from a buy rating to a hold rating in a report on Friday, February 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $11.75.

Shares of AMBR traded up $0.03 during midday trading on Monday, hitting $8.81. The company had a trading volume of 57,171 shares, compared to its average volume of 46,892. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $244.02 million, a PE ratio of -18.74 and a beta of 0.42. Amber Road has a 1 year low of $7.60 and a 1 year high of $10.41.

Amber Road (NYSE:AMBR) last announced its quarterly earnings data on Thursday, November 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03. The business had revenue of $22.20 million during the quarter, compared to analysts’ expectations of $21.71 million. Amber Road had a negative return on equity of 34.61% and a negative net margin of 11.67%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) EPS. Analysts predict that Amber Road will post -0.37 EPS for the current year.

In other news, CEO James W. Preuninger sold 20,000 shares of Amber Road stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $8.65, for a total value of $173,000.00. Following the completion of the transaction, the chief executive officer now owns 1,701,057 shares in the company, valued at approximately $14,714,143.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James W. Preuninger sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $8.96, for a total value of $268,800.00. Following the sale, the chief executive officer now 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 sold a total of 126,061 shares of company stock valued at $1,120,638 in the last quarter. Company insiders own 15.10% of the company’s stock.

WARNING: This article was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2019/02/11/amber-road-ambr-updates-fy-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.

Recommended Story: How interest rates affect municipal bond prices

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