Zacks: Brokerages Expect Amber Road Inc (AMBR) Will Announce Earnings of -$0.05 Per Share

Equities research analysts expect Amber Road Inc (NYSE:AMBR) to post earnings per share of ($0.05) for the current quarter, Zacks reports. Two analysts have made estimates for Amber Road’s earnings. The lowest EPS estimate is ($0.05) and the highest is ($0.04). Amber Road reported earnings per share of ($0.10) in the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, February 15th.

According to Zacks, analysts expect that Amber Road will report full-year earnings of ($0.30) per share for the current year, with EPS estimates ranging from ($0.31) to ($0.29). For the next year, analysts forecast that the business will report earnings of ($0.15) per share, with EPS estimates ranging from ($0.19) to ($0.13). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Amber Road.

Several research analysts have issued reports on AMBR shares. Canaccord Genuity lowered their price target on shares of Amber Road from $11.00 to $10.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Needham & Company LLC restated a “buy” rating and set a $11.00 price target on shares of Amber Road in a report on Wednesday, November 1st. 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 stock. The company presently has a consensus rating of “Hold” and an average price target of $11.25.

Amber Road (AMBR) opened at $6.89 on Friday. The stock has a market cap of $187.12, a P/E ratio of -12.09 and a beta of 0.72. Amber Road has a fifty-two week low of $6.14 and a fifty-two week high of $9.82. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.81.

In other Amber Road news, CFO Thomas E. Conway sold 4,843 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $6.47, for a total transaction of $31,334.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Albert C. Cooke III sold 4,182 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $7.09, for a total transaction of $29,650.38. The disclosure for this sale can be found here. 13.10% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Amber Road by 12.8% during the 2nd quarter. Vanguard Group Inc. now owns 817,604 shares of the software maker’s stock worth $7,007,000 after purchasing an additional 92,670 shares during the last quarter. Cadence Capital Management LLC raised its holdings in Amber Road by 58.2% during the 3rd quarter. Cadence Capital Management LLC now owns 113,959 shares of the software maker’s stock worth $875,000 after purchasing an additional 41,939 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in Amber Road by 51.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 346,175 shares of the software maker’s stock worth $2,659,000 after purchasing an additional 117,020 shares during the last quarter. Oaktop Capital Management II L.P. grew its position in shares of Amber Road by 25.5% during the 3rd quarter. Oaktop Capital Management II L.P. now owns 1,196,812 shares of the software maker’s stock worth $9,192,000 after buying an additional 242,852 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC grew its position in shares of Amber Road by 1.5% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,016,607 shares of the software maker’s stock worth $7,808,000 after buying an additional 14,615 shares during the period. Hedge funds and other institutional investors own 72.93% of the company’s stock.

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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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