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

Wall Street analysts expect that Amber Road, Inc. (NYSE:AMBR) will announce sales of $20.51 million for the current fiscal quarter, according to Zacks Investment Research. 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 in the same quarter last year, which suggests a positive year-over-year growth rate of 6.8%. The business is scheduled to issue its next earnings report 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 financial year, analysts anticipate that the company will post 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 analysts that cover Amber Road.

Amber Road (NYSE:AMBR) last announced its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.06. The company had revenue of $20.20 million for the quarter, compared to analyst estimates of $20.36 million. Amber Road had a negative return on equity of 53.22% and a negative net margin of 20.19%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.08) EPS.

A number of research analysts have weighed in on AMBR shares. Zacks Investment Research upgraded Amber Road from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Wednesday, August 9th. Needham & Company LLC reiterated a “buy” rating and set a $11.00 price target on shares of Amber Road in a report on Wednesday, November 1st. Finally, Canaccord Genuity reduced their price target on Amber Road from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.25.

Amber Road (NYSE AMBR) opened at $7.26 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.64 and a quick ratio of 0.64. Amber Road has a fifty-two week low of $6.14 and a fifty-two week high of $11.50.

In related news, CEO James W. Preuninger sold 17,162 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $7.87, for a total transaction of $135,064.94. Following the completion of the sale, the chief executive officer now directly owns 1,877,222 shares of the company’s stock, valued at approximately $14,773,737.14. 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 4,843 shares of the firm’s stock in a transaction dated 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. In the last quarter, insiders have sold 79,025 shares of company stock worth $598,588. Insiders own 13.10% of the company’s stock.

Several large investors have recently modified their holdings of AMBR. Goldman Sachs Group Inc. increased its position in shares of Amber Road by 1.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 11,740 shares of the software maker’s stock worth $101,000 after purchasing an additional 224 shares during the last quarter. Commonwealth Equity Services Inc acquired a new stake in shares of Amber Road during the 3rd quarter worth about $113,000. Wells Fargo & Company MN increased its position in shares of Amber Road by 73.6% during the 3rd quarter. Wells Fargo & Company MN now owns 20,167 shares of the software maker’s stock worth $155,000 after purchasing an additional 8,547 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Amber Road by 27.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,788 shares of the software maker’s stock worth $162,000 after purchasing an additional 4,042 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Amber Road by 12.5% during the 2nd quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock worth $177,000 after purchasing an additional 2,305 shares during the last quarter. 72.64% of the stock is owned by hedge funds and other institutional investors.

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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.

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