Zacks: Analysts Anticipate Amber Road Inc (AMBR) Will Post Earnings of -$0.04 Per Share

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Brokerages forecast that Amber Road Inc (NYSE:AMBR) will report earnings of ($0.04) per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Amber Road’s earnings. The lowest EPS estimate is ($0.04) and the highest is ($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 firm is scheduled to announce its next quarterly earnings results on Thursday, November 1st.

On average, 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 year, analysts forecast that the business will report earnings of ($0.07) per share, with EPS estimates ranging from ($0.15) to ($0.02). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Amber Road.

Amber Road (NYSE:AMBR) last announced its quarterly earnings results on Tuesday, August 7th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03. The business had revenue of $21.06 million during the quarter, compared to the consensus estimate of $20.83 million. Amber Road had a negative net margin of 12.71% and a negative return on equity of 38.21%.

A number of equities analysts have recently issued reports on AMBR shares. ValuEngine upgraded shares of Amber Road from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. Stifel Nicolaus raised their target price on shares of Amber Road from $12.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 21st. Finally, Zacks Investment Research upgraded shares of Amber Road from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Monday, August 13th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Amber Road has a consensus rating of “Buy” and a consensus price target of $11.75.

Shares of AMBR traded up $0.29 during trading hours on Tuesday, reaching $9.39. The company had a trading volume of 118,708 shares, compared to its average volume of 134,039. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.69. Amber Road has a 12-month low of $6.14 and a 12-month high of $10.29.

In other Amber Road news, CEO James W. Preuninger sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $8.91, for a total transaction of $178,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathan Pieri sold 9,862 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $9.24, for a total transaction of $91,124.88. Following the transaction, the insider now owns 40,688 shares of the company’s stock, valued at $375,957.12. The disclosure for this sale can be found here. Insiders have sold a total of 58,005 shares of company stock valued at $514,935 over the last 90 days. 15.10% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Amber Road during the first quarter worth about $120,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Amber Road during the second quarter worth about $157,000. The Manufacturers Life Insurance Company grew its holdings in shares of Amber Road by 59.2% during the first quarter. The Manufacturers Life Insurance Company now owns 17,872 shares of the software maker’s stock worth $160,000 after buying an additional 6,643 shares in the last quarter. Spark Investment Management LLC purchased a new stake in shares of Amber Road during the first quarter worth about $198,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Amber Road during the first quarter worth about $208,000. Hedge funds and other institutional investors own 67.83% of the company’s stock.

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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