ZIM Integrated Shipping Services (ZIM) Scheduled to Post Quarterly Earnings on Wednesday

ZIM Integrated Shipping Services (NYSE:ZIM) is set to release its earnings data 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. Parties that are interested in participating in the company’s conference call can do so using this link.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its earnings results on Monday, August 19th. The company reported $3.08 earnings per share 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 firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the company posted ($1.37) earnings per share. 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 Stock Up 1.5 %

Shares of ZIM Integrated Shipping Services stock opened at $24.17 on Wednesday. ZIM Integrated Shipping Services has a 1 year low of $6.39 and a 1 year high of $26.20. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.04 and a quick ratio of 0.97. The company has a market capitalization of $2.91 billion, a P/E ratio of -1.45, a price-to-earnings-growth ratio of 0.04 and a beta of 1.88. The business has a 50-day moving average of $21.31 and a two-hundred day moving average of $19.80.

ZIM Integrated Shipping Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 29th were issued a dividend of $0.93 per share. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. This represents a $3.72 annualized dividend and a yield of 15.39%. The ex-dividend date of this dividend was Thursday, August 29th. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is -1.41%.

Wall Street Analysts Forecast Growth

ZIM has been the subject of several research reports. Bank of America increased 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 research report on Wednesday, August 28th. Jefferies Financial Group downgraded ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.50 price objective on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Finally, Barclays lifted their target price on ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $15.22.

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.