Amber Road, Inc. (AMBR) Announces Earnings Results
Amber Road, Inc. (NYSE:AMBR) issued its earnings results on Thursday. The company reported ($0.10) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.10). The company had revenue of $19.20 million for the quarter, compared to the consensus estimate of $18.67 million. Amber Road had a negative return on equity of 50.09% and a negative net margin of 29.32%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.21) EPS. Amber Road updated its Q1 guidance to ($0.15)-(0.12) EPS and its FY17 guidance to ($0.43)-(0.32) EPS.
Shares of Amber Road (NYSE:AMBR) remained flat at $9.31 during midday trading on Thursday. 557,852 shares of the company traded hands. The stock’s 50-day moving average is $9.03 and its 200-day moving average is $9.87. Amber Road has a 52-week low of $3.99 and a 52-week high of $12.30. The stock’s market cap is $249.68 million.
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Separately, Zacks Investment Research downgraded Amber Road from a “buy” rating to a “hold” rating in a report on Tuesday, January 3rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Amber Road presently has an average rating of “Buy” and an average target price of $11.80.
In related news, CEO James W. Preuninger sold 13,911 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $10.29, for a total value of $143,144.19. Following the transaction, the chief executive officer now owns 1,885,184 shares in the company, valued at $19,398,543.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Thomas E. Conway sold 33,480 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $11.71, for a total value of $392,050.80. Following the completion of the transaction, the chief financial officer now owns 33,480 shares in the company, valued at approximately $392,050.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 611,379 shares of company stock worth $7,108,069. 32.30% of the stock is owned by company insiders.
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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