Amber Road (NYSE:AMBR) announced its quarterly earnings results on Thursday. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03, Morningstar.com reports. Amber Road had a negative net margin of 12.71% and a negative return on equity of 38.21%. The firm had revenue of $22.20 million for the quarter, compared to the consensus estimate of $21.71 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Amber Road updated its Q4 2018 guidance to $-0.05–0.03 EPS and its FY 2018 guidance to $-0.1–0.08 EPS.
AMBR stock opened at $8.75 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $254.57 million, a P/E ratio of -18.62 and a beta of 0.35. Amber Road has a 1-year low of $6.14 and a 1-year high of $10.41.
In related news, CFO Thomas E. Conway sold 3,186 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $8.71, for a total value of $27,750.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nathan Pieri sold 7,400 shares of the company’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 transaction of $73,704.00. Following the completion of the transaction, the insider now owns 55,826 shares in the company, valued at $556,026.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,625 shares of company stock worth $834,932. 15.10% of the stock is owned by company insiders.
A number of brokerages have recently issued reports on AMBR. Zacks Investment Research downgraded shares of Amber Road from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. ValuEngine raised shares of Amber Road from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $11.75.
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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