Amber Road (NYSE:AMBR) issued an update on its first quarter 2019 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $-0.04–0.02 for the period, compared to the Thomson Reuters consensus estimate of $-0.03. The company issued revenue guidance of $20.3-20.9 million, compared to the consensus revenue estimate of $21.42 million.Amber Road also updated its FY 2019 guidance to $-0.06-0.04 EPS.
AMBR traded up $0.03 during trading on Monday, reaching $8.81. 57,171 shares of the stock were exchanged, compared to its average volume of 46,892. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.64 and a current ratio of 0.64. Amber Road has a 1 year low of $7.60 and a 1 year high of $10.41. The company has a market cap of $244.02 million, a price-to-earnings ratio of -18.74 and a beta of 0.42.
Amber Road (NYSE:AMBR) last issued its quarterly earnings data on Thursday, November 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. Amber Road had a negative return on equity of 34.61% and a negative net margin of 11.67%. The business had revenue of $22.20 million for the quarter, compared to the consensus estimate of $21.71 million. During the same period in the prior year, the business earned ($0.02) earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. On average, analysts predict that Amber Road will post -0.37 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded Amber Road from a hold rating to a buy rating and set a $9.50 price objective on the stock in a research report on Wednesday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $11.75.
In related news, CEO James W. Preuninger sold 30,000 shares of the company’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $8.96, for a total value of $268,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,721,057 shares in the company, valued at $15,420,670.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas E. Conway sold 3,123 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $9.03, for a total value of $28,200.69. Following the completion of the transaction, the chief financial officer now owns 1,500 shares of the company’s stock, valued at $13,545. The disclosure for this sale can be found here. Insiders sold 126,061 shares of company stock worth $1,120,638 over the last 90 days. Company insiders own 15.10% of the company’s stock.
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About Amber Road
Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. 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, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.
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