A.P. Moller-Maersk (AMKBY) Set to Announce Earnings on Thursday

Key Points

• A.P. Moller-Maersk is expected to report earnings before the market opens Thursday, November 5. Analysts forecast $1.19 in earnings per share and $18.02 billion in revenue.
• The company previously exceeded expectations, reporting $0.45 EPS versus the $0.14 consensus and $15.76 billion in revenue versus estimates of $14.07 billion.
• Analyst sentiment is cautious: two analysts rate the stock a Strong Buy, six rate it Hold, and five rate it Sell, resulting in an average “Reduce” rating. AMKBY recently traded at $17.57, near its 52-week high of $18.76.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) will likely be releasing its results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $1.19 per share and revenue of $18.02 billion for the quarter.

A.P. Moller-Maersk (OTCMKTS:AMKBY - Get Free Report) last announced its earnings results on Thursday, August 13th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.31. The firm had revenue of $15.76 billion during the quarter, compared to analyst estimates of $14.07 billion. A.P. Moller-Maersk had a net margin of 4.08% and a return on equity of 4.39%. On average, analysts expect A.P. Moller-Maersk to post $2.90 EPS for the current fiscal year and $0.94 EPS for the next fiscal year.

A.P. Moller-Maersk Price Performance

AMKBY stock opened at $17.57 on Thursday. The stock has a 50-day moving average price of $17.55 and a two-hundred day moving average price of $13.78. The stock has a market cap of $55.62 billion, a PE ratio of 22.53 and a beta of 0.71. The company has a current ratio of 2.03, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. A.P. Moller-Maersk has a 1 year low of $9.32 and a 1 year high of $18.76.

Analyst Ratings Changes

A number of analysts have recently commented on AMKBY shares. Morgan Stanley restated an "underweight" rating on shares of A.P. Moller-Maersk in a report on Friday, September 4th. UBS Group downgraded A.P. Moller-Maersk from a "hold" rating to a "sell" rating in a report on Wednesday, October 21st. Citigroup reiterated a "neutral" rating on shares of A.P. Moller-Maersk in a report on Tuesday, September 29th. The Goldman Sachs Group lowered A.P. Moller-Maersk from a "hold" rating to a "sell" rating in a research report on Thursday, October 22nd. Finally, Nordea Equity Research upgraded A.P. Moller-Maersk from a "sell" rating to a "hold" rating in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.