A.P. Moller-Maersk (OTCMKTS:AMKBY) Releases Quarterly Earnings Results, Beats Estimates By $0.31 EPS

A.P. Moller-Maersk (OTCMKTS:AMKBY) posted its quarterly earnings results on Thursday. The transportation company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.31, Zacks reports. A.P. Moller-Maersk had a return on equity of 3.17% and a net margin of 3.01%.

A.P. Moller-Maersk Stock Performance

Shares of AMKBY traded up $1.26 during midday trading on Thursday, hitting $14.65. 131,843 shares of the stock traded hands, compared to its average volume of 103,313. The firm has a market capitalization of $46.37 billion, a PE ratio of 27.63 and a beta of 0.70. The business’s 50 day moving average price is $12.78 and its two-hundred day moving average price is $12.45. A.P. Moller-Maersk has a 1-year low of $9.23 and a 1-year high of $14.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 1.98.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AMKBY shares. The Goldman Sachs Group upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, July 3rd. Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a report on Wednesday, June 24th. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a report on Thursday, June 25th. Finally, Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk A/S is a Danish integrated transport and logistics company headquartered in Copenhagen. Operating under the Maersk brand worldwide, the group provides container shipping and end-to-end logistics services, combining ocean freight with land-based transportation, contract logistics, warehousing, and supply chain management for global shippers and manufacturers.

The company’s core activities include container shipping operations, terminal services through APM Terminals, and a growing logistics and services business that offers freight forwarding, customs brokerage, inland transportation and warehousing.