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

A.P. Moller-Maersk (OTCMKTS:AMKBY) issued its quarterly earnings results on Thursday. The transportation company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.18), Zacks reports. A.P. Moller-Maersk had a net margin of 4.08% and a return on equity of 4.39%.

A.P. Moller-Maersk Price Performance

Shares of AMKBY traded down $1.06 during trading hours on Thursday, reaching $15.50. The stock had a trading volume of 143,523 shares, compared to its average volume of 126,017. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.03. A.P. Moller-Maersk has a 12 month low of $9.32 and a 12 month high of $18.76. The stock has a market capitalization of $49.07 billion, a PE ratio of 19.87 and a beta of 0.71. The company’s 50-day moving average is $17.55 and its two-hundred day moving average is $13.92.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMKBY shares. Fearnley Fonds upgraded A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 21st. The Goldman Sachs Group cut shares of A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a report on Thursday, October 22nd. Wolfe Research upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Zacks Research upgraded shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Finally, Nordea Equity Research raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

About A.P. Moller-Maersk

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.