A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) posted its earnings results on Thursday. The transportation company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.18), Zacks reports. The company had revenue of $18.09 billion for the quarter, compared to analyst estimates of $18.25 billion. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%.
A.P. Moller-Maersk Price Performance
A.P. Moller-Maersk stock traded down $0.38 during mid-day trading on Friday, reaching $15.12. 57,325 shares of the company were exchanged, compared to its average volume of 104,463. The firm has a market cap of $47.87 billion, a PE ratio of 19.38 and a beta of 0.71. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.03 and a quick ratio of 1.90. The company has a fifty day simple moving average of $17.55 and a 200-day simple moving average of $13.92. A.P. Moller-Maersk has a 12 month low of $9.32 and a 12 month high of $18.76.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Tuesday, September 29th. Fearnley Fonds raised shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a report on Monday, September 21st. Nordea Equity Research upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, August 14th. Zacks Research upgraded A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Finally, Wolfe Research upgraded A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.
Check Out Our Latest Stock Analysis on A.P. Moller-Maersk
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.
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