Kuehne & Nagel International (OTCMKTS:KHNGY) Issues Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Kuehne & Nagel International (OTCMKTS:KHNGY) announced its earnings results on Thursday. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.58 by $0.21, Zacks reports. Kuehne & Nagel International had a return on equity of 43.31% and a net margin of 3.82%. The business had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $7.70 billion.

Kuehne & Nagel International Trading Up 0.5%

OTCMKTS KHNGY traded up $0.27 on Friday, reaching $55.17. The company had a trading volume of 6,240 shares, compared to its average volume of 5,850. The stock’s 50 day moving average is $53.91 and its 200-day moving average is $50.04. The stock has a market cap of $33.31 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 3.41 and a beta of 0.73. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.42. Kuehne & Nagel International has a 52 week low of $36.80 and a 52 week high of $56.79.

Analyst Upgrades and Downgrades

KHNGY has been the subject of a number of research reports. Barclays restated an “underweight” rating on shares of Kuehne & Nagel International in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kuehne & Nagel International in a research report on Tuesday, July 28th. Citigroup restated a “sell” rating on shares of Kuehne & Nagel International in a research report on Friday, July 24th. Royal Bank Of Canada began coverage on Kuehne & Nagel International in a research report on Thursday, October 15th. They set a “hold” rating for the company. Finally, Zacks Research upgraded Kuehne & Nagel International from a “hold” rating to a “strong-buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About Kuehne & Nagel International

Kuehne & Nagel International AG is a global logistics and supply chain management company headquartered in Schindellegi, Switzerland. The company provides transportation and logistics services for businesses across a range of industries, including technology, healthcare, aerospace, automotive, retail and consumer goods.

Its main activities include sea freight, air freight, road logistics and contract logistics. Kuehne+Nagel also offers customs brokerage, warehousing, distribution, supply chain planning and technology-enabled logistics solutions.