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

A.P. Moller-Maersk (OTCMKTS:AMKBY) announced its quarterly earnings data on Thursday. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 4.08% and a return on equity of 4.38%.

A.P. Moller-Maersk Stock Up 8.5%

Shares of AMKBY stock opened at $15.91 on Friday. The stock’s fifty day moving average price is $12.84 and its 200 day moving average price is $12.50. A.P. Moller-Maersk has a 1-year low of $9.23 and a 1-year high of $16.00. The company has a market cap of $50.37 billion, a price-to-earnings ratio of 20.40 and a beta of 0.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.85.

Wall Street Analysts Forecast Growth

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