Brokers Issue Forecasts for AP Møller – Mærsk A/S’s FY2020 Earnings (OTCMKTS:AMKBY)

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) – Jefferies Financial Group boosted their FY2020 earnings per share (EPS) estimates for A.P. Møller …

A.P. Møller - Mærsk A/S logo

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) – Jefferies Financial Group boosted their FY2020 earnings per share (EPS) estimates for A.P. Møller – Mærsk A/S in a report released on Tuesday, November 17th. Jefferies Financial Group analyst D. Kerstens now anticipates that the transportation company will earn $0.63 per share for the year, up from their previous forecast of $0.51. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for A.P. Møller – Mærsk A/S’s FY2021 earnings at $0.73 EPS and FY2022 earnings at $0.99 EPS.

AMKBY has been the subject of several other research reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of A.P. Møller – Mærsk A/S in a report on Friday, October 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of A.P. Møller – Mærsk A/S in a report on Wednesday, October 14th. Citigroup began coverage on shares of A.P. Møller – Mærsk A/S in a report on Friday, July 24th. They issued a “buy” rating for the company. Credit Suisse Group reaffirmed an “outperform” rating on shares of A.P. Møller – Mærsk A/S in a report on Wednesday, October 14th. Finally, The Goldman Sachs Group raised shares of A.P. Møller – Mærsk A/S from a “neutral” rating to a “buy” rating in a report on Monday, September 28th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $9.00.

OTCMKTS:AMKBY opened at $9.11 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.21 and a quick ratio of 1.11. The firm has a market capitalization of $36.09 billion, a price-to-earnings ratio of 36.03 and a beta of 1.22. A.P. Møller – Mærsk A/S has a one year low of $3.54 and a one year high of $9.70. The business has a fifty day moving average price of $8.29 and a 200-day moving average price of $6.78. A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last posted its quarterly earnings data on Wednesday, August 19th. The transportation company reported $0.09 EPS for the quarter. The firm had revenue of $9 billion during the quarter, compared to analyst estimates of $8.60 billion. A.P. Møller – Mærsk A/S had a return on equity of 3.55% and a net margin of 2.76%.

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

A.P. Møller – Mærsk A/S operates as an integrated transport and logistics company worldwide. The company’s Ocean segment engages in container shipping activities, including demurrage and detention, terminal handling, documentation services, container services, and container storage, as well as transhipment services under Maersk Line, Safmarine, Sealand Â- A Maersk Company, Hamburg Süd, and APM Terminal brands.

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Earnings History and Estimates for A.P. Møller - Mærsk A/S (OTCMKTS:AMKBY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

8 Consumer Staples Stocks That Offer Good Value

Chances are you’ve been spending more time at home than usual. You may also be spending more of your budget on some creature comforts that might normally make it on your shopping list. These are the consumer staples that you rely on every day.

And that’s what makes the consumer staples one of the most interesting sectors for investors.

For starters, consumer staples are defensive stocks. They are stocks that tend to perform well when the economy is doing well or when it is performing poorly. That’s because they are essentials like toilet paper, packaged foods and beverages, even alcohol and tobacco.

Now the opposite side of this coin is that the price you pay for these items is somewhat fixed. And that means these stocks don’t fit the definition of growth stocks. But the Covid-19 pandemic has changed that equation a little bit. It’s not that people are necessarily paying more for these items. But they are buying more of these items.

And this means that consumer staples are having their moment in the sun. However, it also means that right now there are several consumer staples that are looking a little pricey. But if you know anything about these stocks, you know that many of these companies are mature companies that pay a respectable, and safe, dividend.

Fortunately, there are still several stocks that appear to have room to grow and offer a nice dividend for investors.

View the “8 Consumer Staples Stocks That Offer Good Value”.

Facebook, Apple and Other Big Tech Stocks Aren’t Too Expensive. Here’s Why.

Shipping Giant Maersk Raises Guidance Again and Launches $1.6 Billion Share Buyback. U.S. Demand Is Leading the Recovery.

Lately, investors have taken note of the drastic surge in the five stocks’ valuations. Since September 2, the group is down about 3% on average. Meanwhile, large-cap value stocks, judging by the Vanguard S&P 500 Value ETF (VOOV), have climbed 5.2%. Now, the so-called FAAMG group is trading at roughly 31 times earnings, compared with 20 times for the other 495 stocks.


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Many on Wall Street are wary of big tech as these multiples would seem bound to continue falling after their meteoric rise this year, and as interest rates rise when the economy starts to see a more solid recovery. Tech stocks, after all, would see less of a benefit from a firming economy. Mostly, growth stocks such as these five tend to have idiosyncratic revenue drivers that aren’t affected by changes in the economy—while the revenues of value stocks like consumer discretionary are very much tied to consumer spending trends and economic growth.

Evercore strategists recently said they only see S&P 500 gains of roughly 5% in the next year or so because they don’t expect big tech to outperform the way it has in recent history.

But David Kostin, Goldman Sachs’ chief US equity strategist, argues in a note that “fundamentals support higher valuation for FAAMG.”

Kostin noted that the near-term earnings outlook for FAAMG stocks supports the current valuations. Goldman is looking for S&P 500 companies to post a median annual earnings per share growth of 8% for the next few years. The tech group is expected to see EPS growth of about 17%.

Comparing these companies’ earnings multiples to their near-term earnings growth rates—which many analysts do to determine how fair a valuation is—further justifies Kostin’s point. Facebook’s PEG ratio—calculated by taking the stock’s forward price-to-earnings ratio and dividing by its projected earnings growth rate—is 1.2 times, roughly in line with in its five-year average of 1.1, according to data from FactSet. Amazon’s PEG ratio is 1.6 times, notably lower than its five-year average of 2.4. Alphabet’s PEG is at 1.9 against an average of 1.5, although its five-year high is above 2. Microsoft’s PEG is 2, in line with its average. Apple is the most overvalued by the metric, with a PEG of 2.6 against an average of 1.5.

With the exception of Apple, these companies are expected to see EPS compound an annual rate between the midteens in percentage terms to above 30%. If investors are willing to pay top dollar for these stocks, earnings growth could continue to take them higher.

All five have dominant platforms that create seemingly endless synergies. Amazon’s new online drug business, for example, offers perks to their roughly 70 million Prime members. This can drive adoption of the new offering, but can also drive new prime customers.

The point is tech stocks are pricey for good reason—don’t count them out.

Should You Buy Franklin Resources After Pullback?

Looking ahead, Franklin’s forward price-earnings ratio of 8.71 is slightly higher than Invesco’s 7.75 but significantly lower than BlackRock’s 18.32.

Shares of asset management company Franklin Resources Inc. (NYSE:BEN) plunged more than 13% on Tuesday morning following the announcement of its preliminary quarterly results. The company’s market value has fallen more than 20% this year. The stock appears to be undervalued based on the Peter Lynch earnings line.

Franklin Resources reported preliminary fourth-quarter and fiscal 2020 results that failed to meet analysts’ expectations. The San Mateo, California-based company manages several investment funds, including equity funds, balanced funds and multi-asset mutual funds across the globe.

Highlights from recent quarterly results

For the quarter ended Sept. 30, Franklin reported an adjusted net income of $291 million, or earnings of 56 cents per share. This compares to an adjusted net income of $358.4 million, or 71 cents per share, reported in the prior-year quarter. Analysts were expecting a bottom line of 69 cents per share.

Franklin’s revenue grew 20% to $1.7 billion from about $1.42 billion reported in the same period last year. The company noted the top-line growth was partly driven by an increase in management fees.

For the full year, it reported adjusted earnings of $2.61 per share, slightly below last year’s figure of $2.62. Full-year revenue declined 2% to $5.566 billion from $5.669 billion in 2019.

The company’s total assets under management had increased 105% to $1.4 billion as of Sept. 30.

Valuation

From a valuation perspective, shares of Franklin Resources currently trade at a trailing 12-month price-earnings ratio of about 9.77. This is significantly lower than the price-earnings ratios of close peers Invesco Ltd. (NYSE:IVZ) and BlackRock Inc. (NYSE:BLK), which trade at 13.77 and 21.10.

Looking ahead, Franklin’s forward price-earnings ratio of 8.71 is slightly higher than Invesco’s 7.75 but significantly lower than BlackRock’s 18.32.

The company’s forward dividend yield of about 4.73% from a payout ratio of 39% will also be a strong selling point for investors. Its peers trade at lower yields, with Invesco sporting a 4.5% forward dividend yield and BlackRock with a yield of 2.33%.

Conclusion

In summary, shares of Franklin Resources fell following its most recent quarterly results. This might have created a window of opportunity for value investors willing to look beyond today’s pullback. The Peter Lynch earnings line suggests the stock could be undervalued.

Disclosure: No positions in the stocks mentioned.

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Nicholas Kitonyi

Nicholas is the founder of CAGR Value. He is a financial analyst with extensive experience in investment research and stock market analysis. His analysis has been featured on several research sites.

Nicholas has solid knowledge of both U.S. and European markets. His investment style is focused on undervalued plays and growth stocks. Nicholas classifies himself as a swing trader and likes to trade GBP/USD, gold and FTSE 100, among other liquid instruments.

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FormFactor, Inc. (NASDAQ:FORM) Receives Consensus Rating of “Buy” from Brokerages

The semiconductor company reported $0.33 EPS for the quarter, topping the … FMR LLC now owns 1,020,962 shares of the semiconductor company’s … device manufacturers, semiconductor foundries, and fabless semiconductor …

FormFactor logoBrokerages forecast that FormFactor, Inc. (NASDAQ:FORM) will report $0.36 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for FormFactor’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.39. FormFactor posted earnings per share of $0.22 during the same quarter last year, which would suggest a positive year-over-year growth rate of 63.6%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, October 28th.

According to Zacks, analysts expect that FormFactor will report full year earnings of $1.33 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.45. For the next year, analysts expect that the business will report earnings of $1.47 per share, with EPS estimates ranging from $1.40 to $1.61. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow FormFactor.

FormFactor (NASDAQ:FORM) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. FormFactor had a net margin of 9.92% and a return on equity of 12.84%. The firm had revenue of $157.82 million for the quarter, compared to analysts’ expectations of $159.00 million.

A number of brokerages have recently weighed in on FORM. Needham & Company LLC raised shares of FormFactor from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Monday, August 17th. Zacks Investment Research lowered shares of FormFactor from a “buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a research note on Monday, October 5th. Stifel Nicolaus raised shares of FormFactor to a “positive” rating in a research note on Thursday, July 2nd. B. Riley reaffirmed a “buy” rating and set a $45.00 target price on shares of FormFactor in a research note on Friday, August 14th. Finally, Citigroup raised shares of FormFactor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $27.00 to $36.00 in a research note on Monday, July 20th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $31.70.

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In other FormFactor news, CEO Mike Slessor sold 25,000 shares of FormFactor stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $23.10, for a total value of $577,500.00. Following the completion of the transaction, the chief executive officer now directly owns 401,633 shares of the company’s stock, valued at $9,277,722.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 75,000 shares of company stock valued at $1,864,000 over the last ninety days. Corporate insiders own 1.22% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in FormFactor by 2.2% in the second quarter. Vanguard Group Inc. now owns 8,347,061 shares of the semiconductor company’s stock worth $244,819,000 after buying an additional 181,245 shares during the last quarter. State Street Corp raised its holdings in shares of FormFactor by 2.4% during the first quarter. State Street Corp now owns 2,289,489 shares of the semiconductor company’s stock valued at $45,996,000 after purchasing an additional 52,815 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of FormFactor by 4.0% during the first quarter. Geode Capital Management LLC now owns 1,177,124 shares of the semiconductor company’s stock valued at $23,648,000 after purchasing an additional 45,500 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of FormFactor by 17.0% during the second quarter. Nuveen Asset Management LLC now owns 1,160,502 shares of the semiconductor company’s stock valued at $34,038,000 after purchasing an additional 168,527 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of FormFactor by 261,685.1% during the first quarter. FMR LLC now owns 1,020,962 shares of the semiconductor company’s stock valued at $16,427,000 after purchasing an additional 1,020,572 shares during the last quarter. 90.19% of the stock is owned by institutional investors and hedge funds.

FORM stock opened at $29.34 on Thursday. The firm’s 50-day moving average price is $25.64 and its two-hundred day moving average price is $26.39. FormFactor has a 12-month low of $16.35 and a 12-month high of $33.07. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 36.22 and a beta of 1.27. The company has a current ratio of 3.70, a quick ratio of 2.98 and a debt-to-equity ratio of 0.04.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and Systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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Get a free copy of the Zacks research report on FormFactor (FORM)

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Earnings History and Estimates for FormFactor (NASDAQ:FORM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

6 Stocks Riding the Coattails of Nikola Motor

Since its initial public offering on June 4, shares of Nikola (NASDAQ: NKLA) have surged over 130%. NKLA stock has cooled down since then and is now trading at just over a 60% premium from its IPO price of $34 per share.

Nikola isn’t alone. The entire electric vehicle (EV) market is on a tear. In addition to the surge in Nikola stock, Tesla (NASDAQ: TSLA) stock is up over 93% and Nio (NYSE: NIO) stock has climbed nearly over 160% in the same time period. But while Tesla and Nio are actually producing cars, Nikola does not even have a plant built.

With all that said, the allure of Nikola is easy to see. The company is planning on building a fleet of hydrogen fuel cell trucks powered by hydrogen fueling stations from sea to shining sea. At least that’s the plan. But that plan is years away. The company won’t even have a fuel cell truck available until 2023 at the earliest.

And while the United States has 39 hydrogen fueling stations, it’s an expensive, complicated venture. But that’s been the problem with hydrogen for nearly two decades. And that has some investors wondering what the company’s chief executive officer (CEO) Trevor Milton is really selling.

Leaving aside the question of whether Nikola is riding the coattails of Tesla, Nikola is beginning to create some significant coattails of its own. And there’s a reason for this. While Nikola is planning to compete with Tesla in the electric car arena, it’s also covering a specific niche with a semi-truck that will run on a hydrogen fuel cell.

View the “6 Stocks Riding the Coattails of Nikola Motor”.

FormFactor (FORM) to Release Earnings on Wednesday

The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. … device manufacturers, semiconductor foundries, and fabless semiconductor companies.

FormFactor logoFormFactor (NASDAQ:FORM) will be posting its quarterly earnings results after the market closes on Wednesday, October 28th. Analysts expect FormFactor to post earnings of $0.31 per share for the quarter. FormFactor has set its Q3 2020After-Hours guidance at 0.30-0.38 EPS and its Q3 guidance at $0.30 to $0.38 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

FormFactor (NASDAQ:FORM) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. FormFactor had a return on equity of 12.84% and a net margin of 9.92%. The firm had revenue of $157.82 million during the quarter, compared to analysts’ expectations of $159.00 million. On average, analysts expect FormFactor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NASDAQ:FORM opened at $29.30 on Wednesday. FormFactor has a 52-week low of $16.35 and a 52-week high of $33.07. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 36.17 and a beta of 1.27. The company has a quick ratio of 2.98, a current ratio of 3.70 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $25.58 and a 200-day moving average price of $26.34.

In related news, CEO Mike Slessor sold 25,000 shares of FormFactor stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $24.44, for a total transaction of $611,000.00. Following the transaction, the chief executive officer now owns 401,633 shares in the company, valued at $9,815,910.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have sold 75,000 shares of company stock worth $1,864,000. 1.22% of the stock is currently owned by company insiders.

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FORM has been the subject of several research analyst reports. B. Riley restated a “buy” rating and issued a $45.00 price objective on shares of FormFactor in a research note on Friday, August 14th. BidaskClub upgraded FormFactor from a “hold” rating to a “buy” rating in a research note on Friday, October 16th. Citigroup upgraded FormFactor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $27.00 to $36.00 in a research note on Monday, July 20th. Craig Hallum upgraded FormFactor from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, September 9th. Finally, Cowen lifted their price target on FormFactor from $24.00 to $30.00 and gave the company a “market perform” rating in a research report on Thursday, July 2nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $31.70.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, integrated measurement systems, and thermal sub-systems, as well as provides related services. It operates in two segments, Probe Cards and Systems. The company offers probe cards that are used to test various semiconductor device types, including system on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.

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Earnings History for FormFactor (NASDAQ:FORM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

10 Great Cheap Stocks to Buy Now for Under $10

As the P/E ratios of most S&P 500 companies look very expensive and the stock market continues to regularly hit new all-time highs, it’s very difficult for investors to find cheap stocks to buy now.

This goes for both share price, since most stocks are trading higher on a per-share basis, and valuation relative to earnings. Right now, the typical S&P 500 company is trading at about 25 times forward-looking earnings. Historically, S&P 500 companies have traded at about 15 times earnings in more normal markets.

While the S&P 500 as a whole is expensive, there are still a handful undervalued stocks that are trading at less than $10.00 per share. Value investing opportunities for value exist if you know where to look. Putting together a list of cheap stocks to buy now requires looking into some smaller, riskier, unloved or undiscovered parts of the market. These low-priced stocks might not look especially attractive today, but long-term investors stand to profit if they are willing to be patient and hold onto shares of these companies through multiple market cycles.

Some of these companies are great investing ideas because they’re too small and too risky to attract the interest of most mutual funds and Wall Street money managers. Others have been beaten up by the market after a period of slowing earnings and profits, but are now trying to turn around and bounce back.

In this list, you might find marijuana stocks, dividend-paying stocks, large-cap stocks, growth stocks, small-cap stocks, and even some bitcoin stocks. While these low-priced stocks have a lot of differences, these 10 stock picks all share a common characteristic, a super-low share price of $10.00 or less.

View the “10 Great Cheap Stocks to Buy Now for Under $10”.