ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) issued its quarterly earnings results on Monday. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.32), MarketWatch Earnings reports. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.56 billion. ZIM Integrated Shipping Services had a return on equity of 50.43% and a net margin of 27.90%. During the same quarter last year, the business posted $14.19 earnings per share.
ZIM Integrated Shipping Services Price Performance
ZIM Integrated Shipping Services stock traded up $0.11 during midday trading on Wednesday, reaching $14.37. 2,117,815 shares of the stock were exchanged, compared to its average volume of 4,685,708. ZIM Integrated Shipping Services has a 52 week low of $12.95 and a 52 week high of $71.16. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.53 and a current ratio of 1.60. The firm has a market cap of $1.73 billion, a PE ratio of 0.60 and a beta of 2.11. The company’s fifty day moving average is $19.58 and its 200-day moving average is $20.22.
ZIM Integrated Shipping Services Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Friday, March 24th were given a dividend of $6.40 per share. The ex-dividend date was Tuesday, April 4th. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.95. This represents a $25.60 annualized dividend and a dividend yield of 178.15%. ZIM Integrated Shipping Services’s dividend payout ratio is currently 108.15%.
Analysts Set New Price Targets
Institutional Trading of ZIM Integrated Shipping Services
A number of large investors have recently modified their holdings of the business. Renaissance Technologies LLC increased 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 worth $295,387,000 after purchasing an additional 2,540,500 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in ZIM Integrated Shipping Services by 25.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,011,500 shares of the company’s stock worth $94,591,000 after buying an additional 804,958 shares in the last quarter. BlackRock Inc. raised its stake in shares of ZIM Integrated Shipping Services by 2.9% during the third quarter. BlackRock Inc. now owns 3,361,309 shares of the company’s stock worth $78,990,000 after acquiring an additional 95,106 shares in the last quarter. State Street Corp raised its stake in shares of ZIM Integrated Shipping Services by 8.7% during the third quarter. State Street Corp now owns 1,338,765 shares of the company’s stock worth $31,461,000 after acquiring an additional 107,225 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of ZIM Integrated Shipping Services by 75.1% during the fourth quarter. Morgan Stanley now owns 1,118,732 shares of the company’s stock worth $19,231,000 after acquiring an additional 479,888 shares in the last quarter. Institutional investors own 36.74% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on ZIM Integrated Shipping Services (ZIM)
- It’s Time To Try On VF Corporation’s 6% Yield
- PetCo Management Getting it Right? Earnings Beat Says Yes
- Axcelis Stock In Buy Range After Chart Breakout, Strong Guidance
- Kohl’s 10% Yield Comes Into High Fashion
- Newly Public Intapp Well-Positioned For More Price Gains
Receive News & Ratings for ZIM Integrated Shipping Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZIM Integrated Shipping Services and related companies with MarketBeat.com's FREE daily email newsletter.