A.P. Moller-Maersk (OTCMKTS:AMKBY) Posts Earnings Results, Beats Estimates By $0.31 EPS

A.P. Moller-Maersk (OTCMKTS:AMKBY) released its quarterly earnings results on Thursday. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.14 by $0.31, Zacks reports. A.P. Moller-Maersk had a return on equity of 3.17% and a net margin of 3.01%.

A.P. Moller-Maersk Stock Up 9.4%

OTCMKTS AMKBY traded up $1.26 during trading on Thursday, hitting $14.65. The company’s stock had a trading volume of 131,630 shares, compared to its average volume of 103,313. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.85. The company has a market cap of $46.37 billion, a PE ratio of 27.63 and a beta of 0.70. The business’s 50 day simple moving average is $12.78 and its 200-day simple moving average is $12.45. A.P. Moller-Maersk has a fifty-two week low of $9.23 and a fifty-two week high of $14.71.

Analyst Ratings Changes

AMKBY has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, June 24th. The Goldman Sachs Group upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Thursday, June 25th. Finally, Fearnley Fonds raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

About A.P. Moller-Maersk

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.