ZIM Integrated Shipping Services (NYSE:ZIM) Announces Quarterly Earnings Results, Beats Estimates By $1.54 EPS

ZIM Integrated Shipping Services (NYSE:ZIMGet Rating) posted its quarterly earnings data on Wednesday. The company reported $14.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.65 by $1.54, MarketWatch Earnings reports. ZIM Integrated Shipping Services had a net margin of 43.25% and a return on equity of 201.14%. During the same quarter in the prior year, the business posted $5.13 EPS.

NYSE:ZIM opened at $63.76 on Friday. The stock has a market capitalization of $7.64 billion, a P/E ratio of 1.64 and a beta of 2.42. The company has a current ratio of 1.84, a quick ratio of 1.80 and a debt-to-equity ratio of 0.50. ZIM Integrated Shipping Services has a 1 year low of $33.71 and a 1 year high of $91.23. The firm has a 50 day moving average of $65.50 and a 200-day moving average of $62.09.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 8th. Investors of record on Tuesday, May 31st will be given a dividend of $2.85 per share. This represents a $11.40 dividend on an annualized basis and a dividend yield of 17.88%. The ex-dividend date is Friday, May 27th. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently 50.21%.

A number of analysts have commented on ZIM shares. Barclays raised their price objective on ZIM Integrated Shipping Services from $60.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 26th. Clarkson Capital downgraded shares of ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating in a research note on Thursday, March 10th. Zacks Investment Research cut shares of ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Jefferies Financial Group lifted their target price on shares of ZIM Integrated Shipping Services from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, March 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, ZIM Integrated Shipping Services presently has a consensus rating of “Hold” and an average price target of $76.40.

Hedge funds have recently made changes to their positions in the company. PDT Partners LLC raised its holdings in shares of ZIM Integrated Shipping Services by 4.2% in the first quarter. PDT Partners LLC now owns 5,000 shares of the company’s stock valued at $364,000 after buying an additional 200 shares during the last quarter. Equitable Holdings Inc. increased its holdings in shares of ZIM Integrated Shipping Services by 5.7% in the first quarter. Equitable Holdings Inc. now owns 7,166 shares of the company’s stock valued at $521,000 after purchasing an additional 385 shares in the last quarter. Beacon Pointe Advisors LLC increased its stake in shares of ZIM Integrated Shipping Services by 19.5% in the 1st quarter. Beacon Pointe Advisors LLC now owns 7,651 shares of the company’s stock valued at $556,000 after buying an additional 1,251 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the first quarter worth $112,000. Finally, Captrust Financial Advisors acquired a new position in shares of ZIM Integrated Shipping Services during the first quarter valued at $162,000. Institutional investors own 47.33% of the company’s stock.

ZIM Integrated Shipping Services Company Profile (Get Rating)

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

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