Kuehne & Nagel International (OTCMKTS:KHNGY) Issues Quarterly Earnings Results

Kuehne & Nagel International (OTCMKTS:KHNGY) released its earnings results on Thursday. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02, Zacks reports. Kuehne & Nagel International had a net margin of 3.52% and a return on equity of 38.37%.

Kuehne & Nagel International Stock Down 2.9%

OTCMKTS:KHNGY traded down $1.47 on Thursday, hitting $49.72. 668 shares of the company’s stock were exchanged, compared to its average volume of 9,771. The company has a market cap of $30.02 billion, a P/E ratio of 28.25, a price-to-earnings-growth ratio of 4.03 and a beta of 0.75. Kuehne & Nagel International has a 52 week low of $36.76 and a 52 week high of $52.38. The firm has a 50-day moving average price of $47.98 and a 200-day moving average price of $46.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.03.

Analyst Upgrades and Downgrades

KHNGY has been the topic of a number of analyst reports. Citigroup reiterated a “sell” rating on shares of Kuehne & Nagel International in a research report on Wednesday, April 29th. Jefferies Financial Group raised Kuehne & Nagel International from a “hold” rating to a “buy” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kuehne & Nagel International in a report on Friday, May 22nd. Finally, Zacks Research cut Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About Kuehne & Nagel International

Kuehne & Nagel International is a global logistics company that provides a wide range of transportation and supply chain services. Its core activities include sea freight and airfreight forwarding, contract logistics and warehousing, as well as overland (road and rail) transportation. The company also offers integrated supply chain management, customs brokerage and value-added services that support complex logistics requirements for shippers and manufacturers.

Founded in 1890 by August Kühne and Friedrich Nagel, Kuehne & Nagel has grown into a multinational logistics provider with a long history in freight forwarding and transport services.