A.P. Moller-Maersk (OTCMKTS:AMKBY) Issues Quarterly Earnings Results, Misses Expectations By $0.10 EPS

A.P. Moller-Maersk (OTCMKTS:AMKBY) posted its earnings results on Thursday. The transportation company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10), Zacks reports. A.P. Moller-Maersk had a return on equity of 8.51% and a net margin of 8.83%.

A.P. Moller-Maersk Stock Down 3.5%

AMKBY traded down $0.44 during trading on Thursday, hitting $12.16. 64,954 shares of the company’s stock were exchanged, compared to its average volume of 75,714. A.P. Moller-Maersk has a fifty-two week low of $6.69 and a fifty-two week high of $12.65. The stock has a market cap of $38.50 billion, a P/E ratio of 7.75 and a beta of 0.87. The business’s 50 day moving average is $11.45 and its two-hundred day moving average is $10.64. The company has a quick ratio of 2.05, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AMKBY shares. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Thursday, November 13th. Bank of America cut A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a report on Friday, January 23rd. The Goldman Sachs Group lowered shares of A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Nordea Equity Research lowered shares of A.P. Moller-Maersk from a “buy” rating to a “sell” rating in a research note on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat, the stock 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.