Amber Road (AMBR) Announces Quarterly Earnings Results

Amber Road (NYSE:AMBR) announced its quarterly earnings results on Thursday. The software maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.02, Morningstar.com reports. The business had revenue of $21.10 million for the quarter, compared to analysts’ expectations of $20.62 million. Amber Road had a negative net margin of 12.49% and a negative return on equity of 32.87%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.04) EPS.

Shares of NYSE AMBR traded up $0.73 during mid-day trading on Friday, hitting $10.30. 148,316 shares of the company’s stock traded hands, compared to its average volume of 77,402. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $271.92 million, a price-to-earnings ratio of -21.02 and a beta of 0.46. Amber Road has a 1 year low of $7.60 and a 1 year high of $10.41.

In other news, CEO James W. Preuninger sold 41,560 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $9.51, for a total transaction of $395,235.60. Following the sale, the chief executive officer now directly owns 1,713,929 shares in the company, valued at approximately $16,299,464.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas E. Conway sold 19,986 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $8.71, for a total transaction of $174,078.06. Following the sale, the chief financial officer now owns 58,334 shares in the company, valued at $508,089.14. The disclosure for this sale can be found here. 15.10% of the stock is currently owned by corporate insiders.



Several hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in shares of Amber Road during the 1st quarter valued at about $555,000. Parametric Portfolio Associates LLC raised its position in shares of Amber Road by 10.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 12,008 shares of the software maker’s stock valued at $104,000 after buying an additional 1,184 shares in the last quarter. Martingale Asset Management L P purchased a new stake in Amber Road in the 1st quarter worth about $198,000. Spark Investment Management LLC raised its position in Amber Road by 82.7% in the 1st quarter. Spark Investment Management LLC now owns 141,128 shares of the software maker’s stock worth $1,223,000 after purchasing an additional 63,869 shares during the period. Finally, Lapides Asset Management LLC raised its position in Amber Road by 16.7% in the 1st quarter. Lapides Asset Management LLC now owns 158,500 shares of the software maker’s stock worth $1,374,000 after purchasing an additional 22,700 shares during the period. Hedge funds and other institutional investors own 79.86% of the company’s stock.

Several brokerages have commented on AMBR. ValuEngine upgraded shares of Amber Road from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research cut shares of Amber Road from a “hold” rating to a “sell” rating in a research note on Wednesday, February 27th.

TRADEMARK VIOLATION WARNING: “Amber Road (AMBR) Announces Quarterly Earnings Results” was first posted by Dakota Financial News and is the sole property of of Dakota Financial News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://dakotafinancialnews.com/2019/05/11/amber-road-ambr-announces-quarterly-earnings-results.html.

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, such as import management, export management, China trade management, global logistics management, trade agreement management, and supply chain collaboration, as well as professional services, such as assessment, implementation, education and training, and maintenance and support.

Recommended Story: Bond

Earnings History for Amber Road (NYSE:AMBR)

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.