ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $4.66 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $1.19, Zacks reports. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%.
ZIM Integrated Shipping Services Stock Up 1.2 %
ZIM traded up $0.22 on Friday, hitting $18.19. 8,467,197 shares of the company were exchanged, compared to its average volume of 5,555,014. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.26 and a current ratio of 1.33. The stock's fifty day moving average is $19.10 and its 200-day moving average is $20.58. The company has a market cap of $2.19 billion, a PE ratio of 1.52, a PEG ratio of 0.27 and a beta of 1.70. ZIM Integrated Shipping Services has a 12 month low of $9.08 and a 12 month high of $30.15.
ZIM Integrated Shipping Services Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be issued a dividend of $3.17 per share. This represents a $12.68 annualized dividend and a yield of 69.71%. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from ZIM Integrated Shipping Services's previous quarterly dividend of $2.81. ZIM Integrated Shipping Services's dividend payout ratio is presently 9.72%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Barclays cut their price target on 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 issued a $18.00 price target on shares of ZIM Integrated Shipping Services in a report on Wednesday. Clarkson Capital upgraded ZIM Integrated Shipping Services from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. Fearnley Fonds lowered ZIM Integrated Shipping Services from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. dropped their target price 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. Five research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $14.04.
Read Our Latest Report on ZIM Integrated Shipping Services
About ZIM Integrated Shipping Services
(
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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.
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