ZIM Integrated Shipping Services (NYSE:ZIM) Issues Earnings Results, Beats Expectations By $1.19 EPS

ZIM Integrated Shipping Services (NYSE:ZIM) announced its quarterly earnings data on Wednesday. The company reported $4.66 earnings per share for the quarter, topping the consensus estimate of $3.47 by $1.19, Zacks reports. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%.

ZIM Integrated Shipping Services Stock Performance

ZIM Integrated Shipping Services stock opened at $19.45 on Thursday. The firm’s 50 day simple moving average is $19.29 and its 200-day simple moving average is $20.61. ZIM Integrated Shipping Services has a fifty-two week low of $9.08 and a fifty-two week high of $30.15. The company has a market cap of $2.34 billion, a P/E ratio of 1.63, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

Analyst Ratings Changes

Several brokerages recently weighed in on ZIM. JPMorgan Chase & Co. cut their price objective on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research report on Friday, March 7th. Fearnley Fonds downgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Barclays dropped their price target on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Finally, Jefferies Financial Group restated a “hold” rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research report on Wednesday. Five research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ZIM Integrated Shipping Services has a consensus 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.