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

A.P. Moller-Maersk (OTCMKTS:AMKBY) issued its earnings results on Thursday. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.31, Zacks reports. A.P. Moller-Maersk had a net margin of 3.01% and a return on equity of 3.17%.

A.P. Moller-Maersk Stock Up 9.4%

Shares of AMKBY traded up $1.26 during mid-day trading on Thursday, hitting $14.65. The company’s stock had a trading volume of 131,630 shares, compared to its average volume of 103,313. The company’s 50-day moving average is $12.78 and its 200-day moving average is $12.45. A.P. Moller-Maersk has a 52-week low of $9.23 and a 52-week high of $14.71. The firm has a market capitalization of $46.37 billion, a price-to-earnings ratio of 27.63 and a beta of 0.70. The company has a current ratio of 1.98, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday, July 3rd. Citigroup reaffirmed a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Thursday, June 25th. Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, June 24th. Finally, Fearnley Fonds upgraded A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, A.P. Moller-Maersk 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.