ZIM Integrated Shipping Services (NYSE:ZIM) Announces Quarterly Earnings Results, Beats Expectations By $1.19 EPS

ZIM Integrated Shipping Services (NYSE:ZIM) issued its quarterly earnings data on Wednesday. The company reported $4.66 earnings per share for the quarter, beating the consensus estimate of $3.47 by $1.19, Zacks reports. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.99 billion.

ZIM Integrated Shipping Services Trading Down 7.1 %

Shares of ZIM stock opened at $18.01 on Friday. The company has a market capitalization of $2.17 billion, a PE ratio of 1.51, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. ZIM Integrated Shipping Services has a 52-week low of $9.08 and a 52-week high of $30.15. The business’s fifty day moving average is $19.18 and its 200 day moving average is $20.59. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33.

ZIM Integrated Shipping Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be issued a $3.17 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $12.68 annualized dividend and a dividend yield of 70.42%. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s dividend payout ratio is presently 9.72%.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a report on Friday, March 7th. Barclays cut their price target on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Jefferies Financial Group restated a “hold” rating and set a $18.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Finally, Clarkson Capital upgraded ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Five analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.04.

ZIM Integrated Shipping Services Company Profile

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.