A.P. Moller-Maersk (OTCMKTS:AMKBY) Sets New 1-Year High on Earnings Beat

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) reached a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $14.67 and last traded at $14.6635, with a volume of 53803 shares trading hands. The stock had previously closed at $13.39.

The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating 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%.

Analyst Ratings Changes

Several analysts recently commented on AMKBY shares. The Goldman Sachs Group upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, July 3rd. Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, June 24th. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Thursday, June 25th. Finally, Fearnley Fonds raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Performance

The stock has a market cap of $46.35 billion, a P/E ratio of 27.62 and a beta of 0.70. The company has a fifty day moving average of $12.78 and a 200 day moving average of $12.45. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.85.

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.