ZIM Integrated Shipping Services (NYSE:ZIM) Releases Earnings Results, Misses Expectations By $0.50 EPS

ZIM Integrated Shipping Services (NYSE:ZIMGet Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.50), Zacks reports. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.48 billion. ZIM Integrated Shipping Services had a net margin of 1.56% and a negative return on equity of 0.26%.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM opened at $25.15 on Friday. The stock has a market capitalization of $3.03 billion, a P/E ratio of 31.04 and a beta of 1.26. ZIM Integrated Shipping Services has a twelve month low of $12.33 and a twelve month high of $29.97. The company has a 50 day moving average of $26.38 and a 200-day moving average of $23.24. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 1.14.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 20th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $3.52 annualized dividend and a dividend yield of 14.0%. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.31. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is 1.51%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ZIM shares. Barclays upped their price target on ZIM Integrated Shipping Services from $13.70 to $15.80 and gave the company an “underweight” rating in a research note on Monday, March 16th. Weiss Ratings cut ZIM Integrated Shipping Services from a “buy (b-)” rating to a “hold (c-)” rating in a research note on Tuesday, March 10th. Citigroup raised ZIM Integrated Shipping Services from a “sell” rating to a “neutral” rating and increased their target price for the stock from $11.50 to $31.80 in a research note on Thursday, February 19th. Finally, Fearnley Fonds raised ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services presently has an average rating of “Hold” and a consensus price target of $17.83.

Check Out Our Latest Stock Analysis on ZIM

Hedge Funds Weigh In On ZIM Integrated Shipping Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP bought a new position in shares of ZIM Integrated Shipping Services in the third quarter valued at $34,000. Triumph Capital Management bought a new position in shares of ZIM Integrated Shipping Services in the third quarter valued at $44,000. Larson Financial Group LLC grew its stake in shares of ZIM Integrated Shipping Services by 158.8% in the third quarter. Larson Financial Group LLC now owns 3,256 shares of the company’s stock valued at $44,000 after buying an additional 1,998 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of ZIM Integrated Shipping Services in the second quarter valued at $97,000. Finally, Rhumbline Advisers grew its stake in shares of ZIM Integrated Shipping Services by 16.5% in the third quarter. Rhumbline Advisers now owns 10,519 shares of the company’s stock valued at $143,000 after buying an additional 1,492 shares in the last quarter. 21.42% of the stock is owned by institutional investors.

ZIM Integrated Shipping Services News Roundup

Here are the key news stories impacting ZIM Integrated Shipping Services this week:

About ZIM Integrated Shipping Services

(Get Free Report)

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global container shipping company specializing in the transportation of dry cargo, refrigerated goods and special project cargo. The company operates a modern fleet of container vessels that call at major ports worldwide, offering scheduled liner services and tailored logistics solutions to exporters, importers and freight forwarders.

Founded in 1945 in Haifa, Israel, ZIM has grown from a regional carrier into a worldwide operator through a series of strategic partnerships, fleet expansions and network enhancements.

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Earnings History for ZIM Integrated Shipping Services (NYSE:ZIM)

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