A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Issues Earnings Results

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) released its earnings results on Thursday. The transportation company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.27, Zacks reports. A.P. Møller – Mærsk A/S had a return on equity of 6.40% and a net margin of 6.82%.

A.P. Møller – Mærsk A/S Stock Performance

OTCMKTS:AMKBY traded up $0.35 during mid-day trading on Thursday, hitting $7.86. The stock had a trading volume of 942,621 shares, compared to its average volume of 215,976. A.P. Møller – Mærsk A/S has a twelve month low of $6.26 and a twelve month high of $9.75. The stock has a market cap of $24.88 billion, a price-to-earnings ratio of 6.83 and a beta of 1.14. The company’s 50 day simple moving average is $7.92 and its 200 day simple moving average is $7.81. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.41 and a current ratio of 2.53.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMKBY shares. UBS Group cut A.P. Møller – Mærsk A/S from a “buy” rating to a “neutral” rating in a report on Thursday, October 17th. Wolfe Research downgraded shares of A.P. Møller – Mærsk A/S from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley downgraded shares of A.P. Møller – Mærsk A/S from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, December 4th. Four analysts have rated the stock with a sell rating and one has given a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

About A.P. Møller – Mærsk A/S

A.P. Møller – Mærsk A/S, together with its subsidiaries, engages in the ocean transport and logistics business in Denmark and internationally. It operates through Ocean, Logistics & Services, Terminals, and Towage & Maritime Services segments. The Ocean segment is involved in container shipping activities, including demurrage and detention, terminal handling, documentation and container services, and container storage, as well as transshipment hubs.