A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Down on Disappointing Earnings

A.P. Moller-Maersk (OTCMKTS:AMKBY)’s stock price gapped down before the market opened on Friday following a weaker than expected earnings announcement. The stock had previously closed at $12.60, but opened at $11.9250. A.P. Moller-Maersk shares last traded at $11.92, with a volume of 10,193 shares traded.

The transportation company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.10). The company had revenue of $13.33 billion for the quarter, compared to the consensus estimate of $12.83 billion. A.P. Moller-Maersk had a net margin of 8.83% and a return on equity of 8.51%.

Analysts Set New Price Targets

AMKBY has been the subject of several research analyst reports. Bank of America lowered A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a research note on Friday, January 23rd. Kepler Capital Markets raised shares of A.P. Moller-Maersk from a “reduce” rating to a “hold” rating in a research note on Friday. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Thursday, November 13th. 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. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

A.P. Moller-Maersk Price Performance

The stock has a fifty day moving average of $11.50 and a 200 day moving average of $10.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 2.05. The stock has a market cap of $37.74 billion, a price-to-earnings ratio of 7.59 and a beta of 0.87.

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.