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

A.P. Moller-Maersk (OTCMKTS:AMKBY) released its quarterly earnings results on Thursday. The transportation company reported $1.05 EPS for the quarter, missing the consensus estimate 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%.

A.P. Moller-Maersk Stock Performance

A.P. Moller-Maersk stock traded down $1.06 during mid-day trading on Thursday, reaching $15.50. The company’s stock had a trading volume of 143,523 shares, compared to its average volume of 126,017. The firm has a market cap of $49.07 billion, a price-to-earnings ratio of 19.71 and a beta of 0.71. The business has a 50 day moving average price of $17.55 and a 200-day moving average price of $13.92. The company has a current ratio of 2.03, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. A.P. Moller-Maersk has a twelve month low of $9.32 and a twelve month high of $18.76.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AMKBY shares. Nordea Equity Research raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, August 14th. Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 21st. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a report on Tuesday, September 29th. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Friday, September 4th. Finally, Zacks Research upgraded A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk A/S is a Danish global transportation and logistics company founded in 1904 by Arnold Peter Møller. The company is best known for its container shipping operations, conducted through the Maersk brand, and provides ocean transportation services linking manufacturers, suppliers, retailers and consumers across major global trade routes.

In addition to shipping, Maersk offers integrated logistics services, including freight forwarding, warehousing, customs services, supply-chain management and air freight.