ZIM Integrated Shipping Services (ZIM) to Release Quarterly Earnings on Wednesday

ZIM Integrated Shipping Services (NYSE:ZIM) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, November 20th. Analysts expect ZIM Integrated Shipping Services to post earnings of $6.19 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its earnings results on Monday, August 19th. The company reported $3.08 EPS for the quarter, topping the consensus estimate of $2.07 by $1.01. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the company earned ($1.37) EPS. On average, analysts expect ZIM Integrated Shipping Services to post $12 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

ZIM Integrated Shipping Services Trading Up 3.0 %

Shares of ZIM opened at $26.10 on Monday. The business’s 50-day moving average price is $21.97 and its 200-day moving average price is $20.13. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.41. ZIM Integrated Shipping Services has a twelve month low of $6.39 and a twelve month high of $27.48. The stock has a market cap of $3.14 billion, a PE ratio of -1.60, a P/E/G ratio of 0.05 and a beta of 1.88.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ZIM. Jefferies Financial Group lowered ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a report on Wednesday, October 2nd. Barclays increased their price target on shares of ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Bank of America lifted their price objective on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an “underperform” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.50 target price on shares of ZIM Integrated Shipping Services in a research note on Tuesday, September 10th. Four investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company. Based on data from MarketBeat, ZIM Integrated Shipping Services presently has an average rating of “Reduce” and a consensus target price of $15.22.

About ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.