Amber Road, Inc. (AMBR) Expected to Post Quarterly Sales of $20.31 Million
Wall Street analysts expect that Amber Road, Inc. (NYSE:AMBR) will report sales of $20.31 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Amber Road’s earnings, with the highest sales estimate coming in at $20.43 million and the lowest estimate coming in at $20.20 million. Amber Road reported sales of $18.85 million in the same quarter last year, which suggests a positive year over year growth rate of 7.7%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, November 2nd.
According to Zacks, analysts expect that Amber Road will report full year sales of $20.31 million for the current year, with estimates ranging from $80.00 million to $80.50 million. For the next financial year, analysts expect that the business will post sales of $89.91 million per share, with estimates ranging from $89.33 million to $90.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Amber Road.
Amber Road (NYSE:AMBR) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.04. Amber Road had a negative net margin of 22.59% and a negative return on equity of 53.03%. The firm had revenue of $19.70 million for the quarter, compared to analyst estimates of $19.84 million. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. The business’s revenue was up 8.8% on a year-over-year basis.
Separately, Zacks Investment Research upgraded Amber Road from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $11.50.
In related news, CFO Thomas E. Conway sold 4,843 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $7.46, for a total value of $36,128.78. Following the transaction, the chief financial officer now directly owns 4,843 shares in the company, valued at approximately $36,128.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James W. Preuninger sold 17,162 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $7.87, for a total value of $135,064.94. Following the completion of the transaction, the chief executive officer now owns 1,877,222 shares in the company, valued at $14,773,737.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,424 shares of company stock worth $633,622. 13.10% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in Amber Road by 1.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 11,740 shares of the software maker’s stock valued at $101,000 after acquiring an additional 224 shares in the last quarter. Geode Capital Management LLC lifted its stake in Amber Road by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 134,082 shares of the software maker’s stock valued at $1,035,000 after acquiring an additional 2,288 shares in the last quarter. Rhumbline Advisers lifted its stake in Amber Road by 12.5% during the 2nd quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock valued at $177,000 after acquiring an additional 2,305 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Amber Road by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 149,741 shares of the software maker’s stock valued at $1,283,000 after acquiring an additional 3,699 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Amber Road by 27.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,788 shares of the software maker’s stock valued at $162,000 after acquiring an additional 4,042 shares in the last quarter. Institutional investors own 71.42% of the company’s stock.
Amber Road (NYSE:AMBR) opened at 7.63 on Friday. The firm has a 50-day moving average of $7.89 and a 200-day moving average of $8.05. The company’s market cap is $207.22 million. Amber Road has a 52 week low of $6.71 and a 52 week high of $12.30.
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Amber Road Company Profile
Amber Road, Inc is a provider of cloud-based global trade management (GTM) solutions. 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 to importers and exporters, non-vessel owning common carriers (resellers), and ocean carriers.
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