A.P. Moller-Maersk (OTCMKTS:AMKBY) Releases Earnings Results, Misses Estimates By $0.18 EPS

A.P. Moller-Maersk (OTCMKTS:AMKBY) issued its quarterly earnings data on Thursday. The transportation company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.18), Zacks reports. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%. The business had revenue of $18.09 billion during the quarter, compared to the consensus estimate of $18.25 billion.

A.P. Moller-Maersk Stock Performance

OTCMKTS:AMKBY traded down $0.44 during mid-day trading on Friday, hitting $15.06. The company’s stock had a trading volume of 131,412 shares, compared to its average volume of 133,565. A.P. Moller-Maersk has a 1 year low of $9.32 and a 1 year high of $18.76. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.03 and a quick ratio of 1.90. The stock has a market cap of $47.68 billion, a price-to-earnings ratio of 10.32 and a beta of 0.71. The business’s fifty day moving average is $17.52 and its two-hundred day moving average is $13.94.

Analysts Set New Price Targets

A number of brokerages have commented on AMKBY. Zacks Research upgraded shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Tuesday, September 29th. Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. The Goldman Sachs Group lowered shares of A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a report on Thursday, October 22nd. Finally, UBS Group cut A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research report on Wednesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, A.P. Moller-Maersk currently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk is a Danish transport and logistics company headquartered in Copenhagen. Founded in 1904, it has grown from a shipping business into a global provider of services that help move goods through international supply chains.

The company’s activities include container shipping, port operations through APM Terminals, and logistics services such as freight forwarding, warehousing and supply chain management. Its services connect customers with suppliers and markets around the world.

Maersk serves businesses across a broad range of industries and operates in markets worldwide.