A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Up Following Earnings Beat

A.P. Moller-Maersk (OTCMKTS:AMKBY)’s stock price gapped up before the market opened on Friday following a stronger than expected earnings report. The stock had previously closed at $14.67, but opened at $15.58. A.P. Moller-Maersk shares last traded at $15.60, with a volume of 44,788 shares traded.

The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.31. A.P. Moller-Maersk had a net margin of 3.01% and a return on equity of 3.17%. The firm had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $14.07 billion.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMKBY. Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, June 24th. The Goldman Sachs Group raised 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. Nordea Equity Research upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a report on Friday. Finally, Fearnley Fonds raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. One equities research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

A.P. Moller-Maersk Price Performance

The firm’s 50 day moving average price is $12.79 and its two-hundred day moving average price is $12.47. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.85. The stock has a market cap of $49.44 billion, a PE ratio of 29.47 and a beta of 0.70.

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.