Amber Road Inc (AMBR) Expected to Announce Quarterly Sales of $20.51 Million

Equities research analysts predict that Amber Road Inc (NYSE:AMBR) will report $20.51 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Amber Road’s earnings. The highest sales estimate is $20.56 million and the lowest is $20.46 million. Amber Road posted sales of $19.21 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.8%. The firm is expected to announce its next earnings report after the market closes 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 year, analysts forecast that the business will report sales of $86.77 million per share, with estimates ranging from $86.54 million to $87.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Amber Road.

Several equities analysts recently commented on the stock. Canaccord Genuity cut their price target on shares of Amber Road from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Needham & Company LLC restated a “buy” rating and issued a $11.00 target price on shares of Amber Road in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $11.25.

Amber Road (NYSE:AMBR) opened at $6.89 on Monday. Amber Road has a fifty-two week low of $6.14 and a fifty-two 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.

In other Amber Road news, CFO Thomas E. Conway sold 4,843 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $6.47, for a total value of $31,334.21. The sale was disclosed in a filing with the SEC, which is available through this link. 13.10% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of AMBR. Oaktop Capital Management II L.P. grew its stake in Amber Road by 25.5% in 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 acquiring an additional 242,852 shares in the last quarter. Royce & Associates LP grew its stake in Amber Road by 14.7% in the 4th quarter. Royce & Associates LP now owns 1,834,471 shares of the software maker’s stock worth $13,465,000 after acquiring an additional 234,857 shares in the last quarter. Levin Capital Strategies L.P. grew its stake in Amber Road by 86.9% in the 4th quarter. Levin Capital Strategies L.P. now owns 363,493 shares of the software maker’s stock worth $2,668,000 after acquiring an additional 168,990 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its stake in Amber Road by 51.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 346,175 shares of the software maker’s stock worth $2,659,000 after acquiring an additional 117,020 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Amber Road by 12.8% in the 2nd quarter. Vanguard Group Inc. now owns 817,604 shares of the software maker’s stock worth $7,007,000 after acquiring an additional 92,670 shares in the last quarter. Institutional investors and hedge funds own 72.58% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Amber Road Inc (AMBR) Expected to Announce Quarterly Sales of $20.51 Million” was published by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/12/amber-road-inc-ambr-expected-to-announce-quarterly-sales-of-20-51-million.html.

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.

Get a free copy of the Zacks research report on Amber Road (AMBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Amber Road Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amber Road and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply