A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Research Coverage Started at Wolfe Research

Posted by Don Miller on Jul 18th, 2024

Wolfe Research started coverage on shares of A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY – Free Report) in a research note released on Monday, Marketbeat.com reports. The firm issued a peer perform rating on the transportation company’s stock.

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

Shares of A.P. Møller – Mærsk A/S stock opened at $8.01 on Monday. A.P. Møller – Mærsk A/S has a 52 week low of $6.26 and a 52 week high of $10.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.30 and a current ratio of 2.43. The stock has a market capitalization of $29.44 billion, a price-to-earnings ratio of 15.71 and a beta of 1.18. The firm has a fifty day moving average of $8.57 and a two-hundred day moving average of $8.05.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY – Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The transportation company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The business had revenue of $12.36 billion for the quarter. A.P. Møller – Mærsk A/S had a net margin of 3.48% and a return on equity of 0.66%. As a group, equities research analysts predict that A.P. Møller – Mærsk A/S will post 0.13 EPS for the current year.

A.P. Møller – Mærsk A/S Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, June 5th. Stockholders of record on Thursday, May 30th were given a $0.2839 dividend. This represents a dividend yield of 3.31%. The ex-dividend date of this dividend was Wednesday, May 29th. This is a positive change from A.P. Møller – Mærsk A/S’s previous dividend of $0.24. A.P. Møller – Mærsk A/S’s payout ratio is currently 47.06%.

A.P. Møller – Mærsk A/S Company Profile

(Get Free Report)

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.