ZIM Integrated Shipping Services (NYSE:ZIM) Announces Quarterly Earnings Results

ZIM Integrated Shipping Services (NYSE:ZIM) released 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. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.99 billion.

ZIM Integrated Shipping Services Stock Performance

NYSE ZIM opened at $18.01 on Friday. The company has a market cap of $2.17 billion, a P/E ratio of 1.51, a PEG ratio of 0.27 and a beta of 1.70. The company has a fifty day simple moving average of $19.18 and a 200 day simple moving average of $20.59. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be given a dividend of $3.17 per share. This represents a $12.68 dividend on an annualized basis and a dividend yield of 70.42%. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date of this dividend is Monday, March 24th. ZIM Integrated Shipping Services’s dividend payout ratio is presently 9.72%.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays reduced their target price 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. Fearnley Fonds cut shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. lowered their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research note on Friday, March 7th. Jefferies Financial Group reaffirmed a “hold” rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday. Finally, Clarkson Capital raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Five research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, ZIM Integrated Shipping Services has an average rating of “Hold” and a consensus target price of $14.04.

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.