ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) will announce its earnings results before the market opens on Wednesday, August 17th. Analysts expect the company to announce earnings of $12.16 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) last posted its quarterly earnings results on Wednesday, May 18th. The company reported $14.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.65 by $1.54. The business had revenue of $3.72 billion during the quarter. ZIM Integrated Shipping Services had a net margin of 45.36% and a return on equity of 167.57%. During the same period in the prior year, the business posted $5.13 EPS. On average, analysts expect ZIM Integrated Shipping Services to post $41 EPS for the current fiscal year and $12 EPS for the next fiscal year.
ZIM Integrated Shipping Services Trading Down 1.6 %
NYSE ZIM opened at $51.31 on Wednesday. The company has a fifty day simple moving average of $50.23 and a two-hundred day simple moving average of $61.19. The stock has a market cap of $6.15 billion, a P/E ratio of 1.07 and a beta of 2.24. ZIM Integrated Shipping Services has a 12-month low of $40.67 and a 12-month high of $91.23. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.69.
ZIM Integrated Shipping Services Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 8th. Investors of record on Tuesday, May 31st were issued a dividend of $2.85 per share. The ex-dividend date of this dividend was Friday, May 27th. This represents a $11.40 annualized dividend and a dividend yield of 22.22%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 23.80%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on ZIM. Jefferies Financial Group began coverage on shares of ZIM Integrated Shipping Services in a report on Wednesday, July 20th. They set a “hold” rating and a $55.00 target price for the company. Bank of America cut shares of ZIM Integrated Shipping Services from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $79.00 to $40.00 in a report on Friday, July 1st. Clarkson Capital restated a “neutral” rating on shares of ZIM Integrated Shipping Services in a research report on Tuesday, June 14th. Finally, JPMorgan Chase & Co. upgraded shares of ZIM Integrated Shipping Services from an “underweight” rating to a “neutral” rating and raised their price target for the company from $43.60 to $53.30 in a research report on Friday, June 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, ZIM Integrated Shipping Services currently has a consensus rating of “Hold” and an average price target of $59.66.
Institutional Trading of ZIM Integrated Shipping Services
Several institutional investors have recently modified their holdings of ZIM. Renaissance Technologies LLC grew its position in shares of ZIM Integrated Shipping Services by 166.9% in the first quarter. Renaissance Technologies LLC now owns 4,062,538 shares of the company’s stock valued at $295,387,000 after purchasing an additional 2,540,500 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of ZIM Integrated Shipping Services by 123.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,433,175 shares of the company’s stock valued at $249,626,000 after purchasing an additional 1,897,990 shares during the period. Invesco Ltd. grew its position in shares of ZIM Integrated Shipping Services by 1,522.3% in the first quarter. Invesco Ltd. now owns 202,814 shares of the company’s stock valued at $14,747,000 after purchasing an additional 190,312 shares during the period. Bank of New York Mellon Corp acquired a new position in ZIM Integrated Shipping Services during the first quarter worth about $13,790,000. Finally, Vanguard Group Inc. boosted its position in ZIM Integrated Shipping Services by 420.8% during the first quarter. Vanguard Group Inc. now owns 122,242 shares of the company’s stock worth $8,889,000 after acquiring an additional 98,770 shares during the last quarter. Institutional investors and hedge funds own 47.33% of the company’s stock.
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.
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