A.P. Moller-Maersk (OTCMKTS:AMKBY) Announces Quarterly Earnings Results, Misses Expectations By $0.10 EPS

A.P. Moller-Maersk (OTCMKTS:AMKBY) announced its quarterly earnings results on Thursday. The transportation company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10), Zacks reports. A.P. Moller-Maersk had a net margin of 8.83% and a return on equity of 8.51%. The company had revenue of $13.33 billion during the quarter, compared to analysts’ expectations of $12.83 billion.

A.P. Moller-Maersk Stock Performance

Shares of A.P. Moller-Maersk stock traded down $0.22 during trading hours on Friday, hitting $11.87. 15,652 shares of the company were exchanged, compared to its average volume of 76,216. The company has a current ratio of 2.16, a quick ratio of 2.05 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average of $11.50 and a 200-day moving average of $10.65. A.P. Moller-Maersk has a 1 year low of $6.69 and a 1 year high of $12.65. The stock has a market capitalization of $37.58 billion, a price-to-earnings ratio of 7.56 and a beta of 0.87.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Kepler Capital Markets upgraded A.P. Moller-Maersk from a “reduce” rating to a “hold” rating in a research report on Friday. The Goldman Sachs Group downgraded A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, December 17th. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a report on Thursday, November 13th. Finally, Nordea Equity Research lowered shares of A.P. Moller-Maersk from a “buy” rating to a “sell” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, A.P. Moller-Maersk currently has an average 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.