Streetbeat News

AMKBY

A.P. Moller - Maersk AS

https://www.maersk.com/

CEO

Soren Skou

Open

8.01

Mkt cap

23B

Volume

23K

High

8.03

P/E Ratio

6.89

52-wk high

10.53

Low

7.97

Div yield

0.09

52-wk low

6.26

A. P. Moller Maersk reported Q3 earnings per share of $0.97, missing the $0.99 estimate, but sales of $15.76 billion beat the $15.66 billion estimate. EPS increased by 525.81% and sales by 29.95% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 10:15 am

The article highlights the investment philosophy of Walter Schloss, a value investor who achieved remarkable returns by focusing on financially sound companies trading below book value. It also discusses the potential of Kyocera Corp. and A.P. Moller-Maersk A/S as undervalued investment opportunities.

Portfolio Pulse from Tim Melvin

October 29, 2024 | 6:25 pm

Maersk has updated its Q3 2024 results, reporting an EBIT of $3.3 billion and raising its full-year guidance. The company now expects 2024 underlying EBITDA to be between $11.0 billion and $11.5 billion. Additionally, Maersk has revised its global container market volume growth outlook to around 6% for the fiscal year.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 3:41 pm

The East Coast dockworkers, represented by the International Longshoremen's Association, are on strike after their contract with the U.S. Maritime Alliance expired. The strike could impact logistics companies like ZIM Integrated Shipping Services, A P Moller Maersk, and XPO Inc, as well as retailers Walmart and Target, due to potential supply chain disruptions. The strike is expected to have a modest impact on the U.S. economy, with a potential GDP reduction of 0.5% if prolonged.

Portfolio Pulse from Hayden Buckfire

October 01, 2024 | 3:57 pm

A. P. Moller Maersk (OTC:AMKBY), the world's largest container shipping company, announced that disruptions in the Red Sea, caused by attacks from Iran-aligned Houthi militants, are expected to reduce the shipping industry's capacity between the Far East and Europe by 15%-20% in Q2. These disruptions have forced vessels to reroute, leading to longer journey times and increased freight rates. Maersk has leased over 125,000 additional containers to enhance reliability and address the capacity shortage, with disruptions likely to persist until the end of the year.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 9:18 am

The US government has allocated $60 million in emergency funds to Maryland for the reconstruction of the collapsed Francis Scott Key Bridge in Baltimore, with total costs expected to reach $2 billion. The collapse, caused by a cargo ship operated by Synergy Group and chartered by A. P. Moller Maersk (AMKBY), has led to a potential insurance payout of up to $4 billion. The U.S. Department of Transportation’s Federal Highway Administration approved the funds following a request from Maryland Governor Wes Moore, as President Joe Biden urged for a swift rebuilding process.

Portfolio Pulse from Benzinga Neuro

March 29, 2024 | 6:48 am

The Francis Scott Key Bridge in Baltimore collapsed after a cargo ship operated by Synergy Group and chartered by AP Moller Maersk (OTC:AMKBY) struck it, leading to significant damages and presumed deaths. The bridge is a crucial part of the region's transportation network, affecting over 30,000 vehicles daily. The incident has global trade implications and is expected to result in substantial insurance payouts, potentially comparable to the $1.5 billion from the Costa Concordia crash. President Biden has pledged federal support for the bridge's reconstruction, while legal nuances regarding liability are being discussed.

Portfolio Pulse from Ramakrishnan M

March 27, 2024 | 10:24 am

The collapse of the Francis Scott Key Bridge in Baltimore, caused by the container ship Dali operated by Synergy Group and chartered by AP Moller Maersk (OTC:AMKBY), has significant implications for global trade, particularly affecting shipping routes and supply chains. Baltimore, a crucial U.S. port, has suspended vessel traffic, impacting the automobile industry and shipping lines. Shares of Maersk were down nearly 6%, while the SonicShares Global Shipping ETF (NYSE:BOAT) and stocks of companies within it, such as Golden Ocean Group Ltd (NASDAQ:GOGL) and Star Bulk Carriers Corp (NASDAQ:SBLK), also saw declines. Conversely, shares of U.S. carmakers General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F), and cruise lines Carnival Corp (NYSE:CCL) and Royal Caribbean Cruises Ltd (NYSE:RCL), were trading higher.

Portfolio Pulse from Neil Dennis

March 26, 2024 | 3:32 pm

Zim Integrated Shipping Services Ltd. (NYSE:ZIM) stock is trading lower due to turmoil in the Red Sea, affecting shipping routes and causing uncertainty in the industry. Moller Maersk (OTCPK:AMKBY) also reported earnings and warned of future uncertainties due to the Red Sea crisis, leading the industry lower. The crisis has led to immediate capacity constraints and temporary rate increases, but an oversupply in shipping capacity is expected to eventually pressure prices. Attacks by Iran-backed Houthi militia have forced shipping companies to reroute, potentially impacting global inflation.

Portfolio Pulse from Erica Kollmann

February 08, 2024 | 8:54 pm

Moller Maersk (OTC:AMKBY) shares fell 15.5% after warning of potential impacts on its 2024 earnings due to the Red Sea crisis, leading to immediate capacity constraints and a temporary increase in rates. The crisis has caused the company to suspend its share buyback program and revise its full-year earnings forecast for 2024 to between $1 billion and $6 billion, down from $9.6 billion in 2023. The crisis has also led to increased costs and delays for shipping firms as they divert routes, potentially affecting global commodity markets and inflation.

Portfolio Pulse from Neil Dennis

February 08, 2024 | 5:52 pm

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