Amber Road, Inc. (AMBR) Expected to Post Quarterly Sales of $20.51 Million

Wall Street analysts forecast that Amber Road, Inc. (NYSE:AMBR) will report $20.51 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Amber Road’s earnings, with the highest sales estimate coming in at $20.56 million and the lowest estimate coming in at $20.46 million. Amber Road posted sales of $19.21 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.8%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that Amber Road will report full year sales of $20.51 million for the current fiscal year, with estimates ranging from $78.91 million to $79.00 million. For the next financial year, analysts expect that the business will post sales of $86.77 million per share, with estimates ranging from $86.54 million to $87.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Amber Road.

Amber Road (NYSE:AMBR) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.06. Amber Road had a negative return on equity of 53.22% and a negative net margin of 20.19%. The firm had revenue of $20.20 million for the quarter, compared to analysts’ expectations of $20.36 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year.

A number of research analysts have recently commented on the company. Zacks Investment Research cut Amber Road from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Canaccord Genuity dropped their price target on Amber Road from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price target on shares of Amber Road in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $11.25.

Shares of Amber Road (AMBR) traded down $0.10 during midday trading on Tuesday, hitting $7.30. The stock had a trading volume of 79,381 shares, compared to its average volume of 95,750. Amber Road has a 1 year low of $6.14 and a 1 year high of $9.82. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market cap of $198.26, a PE ratio of -12.81 and a beta of 0.77.

In related news, VP Albert C. Cooke III sold 4,182 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $7.09, for a total transaction of $29,650.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Thomas E. Conway sold 4,843 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $6.47, for a total value of $31,334.21. The disclosure for this sale can be found here. 13.10% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its holdings 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 worth $101,000 after purchasing an additional 224 shares in the last quarter. Commonwealth Equity Services Inc purchased a new stake in Amber Road during the 3rd quarter worth about $113,000. Wells Fargo & Company MN lifted its holdings in Amber Road by 73.6% during the 3rd quarter. Wells Fargo & Company MN now owns 20,167 shares of the software maker’s stock worth $155,000 after purchasing an additional 8,547 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings 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 worth $162,000 after purchasing an additional 4,042 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Amber Road by 12.5% during the 2nd quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock worth $177,000 after purchasing an additional 2,305 shares in the last quarter. 72.64% of the stock is currently owned by institutional investors and hedge funds.

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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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