A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) reached a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The stock traded as high as $10.96 and last traded at $10.95, with a volume of 28481 shares trading hands. The stock had previously closed at $10.21.
The transportation company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The business had revenue of $13.32 billion for the quarter, compared to analysts’ expectations of $12.73 billion. A.P. Moller-Maersk had a net margin of 12.11% and a return on equity of 12.34%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on AMKBY shares. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Friday. Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Friday. Finally, Fearnley Fonds cut shares of A.P. Moller-Maersk from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.
A.P. Moller-Maersk Stock Up 1.5%
The company’s 50 day moving average price is $9.68 and its two-hundred day moving average price is $8.87. The company has a current ratio of 2.14, a quick ratio of 2.05 and a debt-to-equity ratio of 0.07. The stock has a market cap of $34.41 billion, a P/E ratio of 4.96 and a beta of 1.07.
About A.P. Moller-Maersk
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.
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