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

A.P. Moller-Maersk (OTCMKTS:AMKBY) released its earnings results on Thursday. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.31, Zacks reports. The company had revenue of $15.76 billion during the quarter, compared to analyst estimates of $14.07 billion. A.P. Moller-Maersk had a return on equity of 3.17% and a net margin of 3.01%.

A.P. Moller-Maersk Price Performance

Shares of OTCMKTS:AMKBY opened at $14.67 on Friday. The firm has a market capitalization of $46.44 billion, a PE ratio of 27.68 and a beta of 0.70. The company has a quick ratio of 1.85, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $12.79 and a two-hundred day moving average price of $12.47. A.P. Moller-Maersk has a twelve month low of $9.23 and a twelve month high of $14.71.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. The Goldman Sachs Group raised A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, July 3rd. Nordea Equity Research upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday. Fearnley Fonds raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Thursday, June 25th. Finally, Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company presently 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.