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.
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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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