ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) will announce its 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. Parties that are interested in registering for the company's conference call can do so using this link.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last issued its quarterly earnings data on Monday, August 19th. The company reported $3.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the business 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 Trading Up 3.0 %
Shares of NYSE:ZIM traded up $0.72 on Wednesday, hitting $24.89. The company's stock had a trading volume of 2,986,393 shares, compared to its average volume of 5,999,704. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.97 and a current ratio of 1.04. The company has a 50-day simple moving average of $21.44 and a 200 day simple moving average of $19.87. ZIM Integrated Shipping Services has a 1 year low of $6.39 and a 1 year high of $26.20.
ZIM Integrated Shipping Services Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 29th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 14.95%. The ex-dividend date was Thursday, August 29th. This is a boost from ZIM Integrated Shipping Services's previous quarterly dividend of $0.23. ZIM Integrated Shipping Services's dividend payout ratio is currently -1.41%.
Analyst Upgrades and Downgrades
ZIM has been the subject of a number of recent research reports. JPMorgan Chase & Co. restated an "underweight" rating and issued a $10.50 target price on shares of ZIM Integrated Shipping Services in a research report on Tuesday, September 10th. Jefferies Financial Group cut shares of ZIM Integrated Shipping Services from a "buy" rating to a "hold" rating and set a $25.00 price objective for the company. in a research note on Wednesday, October 2nd. Bank of America boosted their price target on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the stock an "underperform" rating in a research note on Wednesday, August 28th. Finally, Barclays raised their price objective on ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the company an "underweight" rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating and one has assigned a hold rating to the company's stock. Based on data from MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of "Reduce" and an average price target of $15.22.
Check Out Our Latest Research Report on ZIM
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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