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

A.P. Moller-Maersk (OTCMKTS:AMKBY) released its quarterly earnings results on Thursday. The transportation company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.18), Zacks reports. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%.

A.P. Moller-Maersk Trading Down 6.4%

Shares of A.P. Moller-Maersk stock traded down $1.06 during trading hours on Thursday, reaching $15.50. The stock had a trading volume of 143,523 shares, compared to its average volume of 126,017. The firm has a market capitalization of $49.07 billion, a price-to-earnings ratio of 19.71 and a beta of 0.71. A.P. Moller-Maersk has a 1 year low of $9.32 and a 1 year high of $18.76. The company has a current ratio of 2.03, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. The firm has a 50 day simple moving average of $17.55 and a two-hundred day simple moving average of $13.92.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMKBY. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. UBS Group cut shares of A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research note on Wednesday, October 21st. Nordea Equity Research upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, August 14th. Wolfe Research upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Finally, The Goldman Sachs Group lowered shares of A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research report on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

About A.P. Moller-Maersk

A.P. Moller-Maersk A/S is a Danish global transportation and logistics company founded in 1904 by Arnold Peter Møller. The company is best known for its container shipping operations, conducted through the Maersk brand, and provides ocean transportation services linking manufacturers, suppliers, retailers and consumers across major global trade routes.

In addition to shipping, Maersk offers integrated logistics services, including freight forwarding, warehousing, customs services, supply-chain management and air freight.