Amber Road (AMBR) Updates FY 2019 Earnings Guidance

Amber Road (NYSE:AMBR) updated its FY 2019 earnings guidance on Monday. The company provided earnings per share guidance of $-0.06-0.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.09. The company issued revenue guidance of $88.7-91.7 million, compared to the consensus revenue estimate of $90.81 million.Amber Road also updated its Q1 2019 guidance to $-0.04–0.02 EPS.

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 report on Wednesday, January 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $11.75.

Shares of AMBR traded up $0.03 during midday trading on Monday, reaching $8.81. The company had a trading volume of 57,171 shares, compared to its average volume of 46,892. Amber Road has a 1-year low of $7.60 and a 1-year high of $10.41. The company has a market capitalization of $244.02 million, a PE ratio of -18.74 and a beta of 0.42. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.66.

Amber Road (NYSE:AMBR) last issued its earnings results on Thursday, November 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $21.71 million. During the same period last year, the company earned ($0.02) EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities analysts anticipate that Amber Road will post -0.37 earnings per share for the current fiscal year.

In related news, CFO Thomas E. Conway sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $8.93, for a total transaction of $178,600.00. Following the completion of the sale, the chief financial officer now directly owns 4,623 shares of the company’s stock, valued at approximately $41,283.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas E. Conway sold 3,123 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $9.03, for a total value of $28,200.69. Following the sale, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at $13,545. The disclosure for this sale can be found here. Insiders sold a total of 126,061 shares of company stock valued at $1,120,638 over the last ninety days. Corporate 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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