A.P. Moller-Maersk (OTCMKTS:AMKBY) Issues Quarterly Earnings Results

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

A.P. Moller-Maersk Stock Down 3.5%

Shares of OTCMKTS AMKBY traded down $0.44 during mid-day trading on Thursday, reaching $12.16. 59,957 shares of the company were exchanged, compared to its average volume of 75,339. A.P. Moller-Maersk has a 1 year low of $6.69 and a 1 year high of $12.65. The firm has a 50-day moving average of $11.45 and a 200 day moving average of $10.64. The stock has a market cap of $38.48 billion, a price-to-earnings ratio of 7.74 and a beta of 0.87. 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

Several analysts have recently weighed in on AMKBY shares. Wolfe Research reiterated an “underperform” rating on shares of A.P. Moller-Maersk in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of A.P. Moller-Maersk in a report on Wednesday, December 17th. Nordea Equity Research downgraded shares of A.P. Moller-Maersk from a “buy” rating to a “sell” rating in a research note on Friday, January 30th. Bank of America downgraded shares of A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a research note on Friday, January 23rd. Finally, The Goldman Sachs Group cut A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.