Amber Road (AMBR) Releases Earnings Results, Beats Expectations By $0.03 EPS

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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.

Several hedge funds have recently bought and sold shares of AMBR. The Manufacturers Life Insurance Company increased its position in shares of Amber Road by 59.2% in the first quarter. The Manufacturers Life Insurance Company now owns 17,872 shares of the software maker’s stock worth $160,000 after purchasing an additional 6,643 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Amber Road in the first quarter worth approximately $120,000. Northpointe Capital LLC bought a new position in shares of Amber Road in the second quarter worth approximately $2,161,000. Penbrook Management LLC increased its position in shares of Amber Road by 27.9% in the second quarter. Penbrook Management LLC now owns 91,800 shares of the software maker’s stock worth $864,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new position in shares of Amber Road in the second quarter worth approximately $378,000. Institutional investors own 67.86% of the company’s stock.

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.

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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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Earnings History for Amber Road (NYSE:AMBR)

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