$20.51 Million in Sales Expected for Amber Road Inc (AMBR) This Quarter

Equities research analysts expect Amber Road Inc (NYSE:AMBR) to report $20.51 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Amber Road’s earnings. The lowest sales estimate is $20.46 million and the highest is $20.56 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 expected to announce its next earnings results after the market closes on Thursday, February 15th.

According to Zacks, analysts expect that Amber Road will report full year sales of $20.51 million for the current year, with estimates ranging from $78.91 million to $79.00 million. For the next fiscal year, analysts expect that the firm will post sales of $86.77 million per share, with estimates ranging from $86.54 million to $87.00 million. Zacks’ sales calculations 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 data on Thursday, November 2nd. The software maker reported ($0.02) earnings per share (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 business had revenue of $20.20 million for the quarter, compared to the consensus estimate of $20.36 million. During the same period in the prior year, the business posted ($0.08) earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year.

AMBR has been the topic of a number of recent research reports. Canaccord Genuity decreased their price objective 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. Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of Amber Road in a research report on Wednesday, November 1st. Finally, Zacks Investment Research downgraded Amber Road from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. One 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 stock currently has an average rating of “Hold” and an average target price of $11.25.

In other news, VP Albert C. Cooke III sold 4,182 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $7.09, for a total value of $29,650.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Thomas E. Conway sold 4,843 shares of the stock in a transaction that occurred on 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. Corporate insiders own 13.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in shares of Amber Road by 1.9% in the second quarter. Goldman Sachs Group Inc. now owns 11,740 shares of the software maker’s stock worth $101,000 after buying an additional 224 shares during the period. Commonwealth Equity Services Inc purchased a new stake in shares of Amber Road in the third quarter worth approximately $113,000. Wells Fargo & Company MN raised its holdings in shares of Amber Road by 73.6% in the third quarter. Wells Fargo & Company MN now owns 20,167 shares of the software maker’s stock worth $155,000 after buying an additional 8,547 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Amber Road by 27.4% in the second quarter. The Manufacturers Life Insurance Company now owns 18,788 shares of the software maker’s stock worth $162,000 after buying an additional 4,042 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Amber Road by 12.5% in the second quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock worth $177,000 after buying an additional 2,305 shares during the period. Hedge funds and other institutional investors own 72.93% of the company’s stock.

Shares of Amber Road (NYSE:AMBR) opened at $7.70 on Friday. Amber Road has a 52-week low of $6.14 and a 52-week 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.

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About Amber Road

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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