ZIM Integrated Shipping Services (ZIM) to Release Quarterly Earnings on Wednesday

ZIM Integrated Shipping Services (NYSE:ZIM) will be releasing its earnings data before the market opens on Wednesday, November 20th. Analysts expect ZIM Integrated Shipping Services to post earnings of $6.19 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

ZIM Integrated Shipping Services (NYSE:ZIM) last released its quarterly earnings results on Monday, August 19th. The company reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.07 by $1.01. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.71 billion. ZIM Integrated Shipping Services had a positive return on equity of 2.89% and a negative net margin of 32.81%. During the same period in the previous year, the company posted ($1.37) earnings per share. On average, analysts expect ZIM Integrated Shipping Services to post $12 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

ZIM Integrated Shipping Services Price Performance

Shares of ZIM stock opened at $26.10 on Monday. The business’s fifty day moving average is $21.97 and its 200 day moving average is $20.13. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.41. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of -1.60, a PEG ratio of 0.05 and a beta of 1.88. ZIM Integrated Shipping Services has a twelve month low of $6.39 and a twelve month high of $27.48.

Analysts Set New Price Targets

Several research analysts recently issued reports on ZIM shares. Jefferies Financial Group lowered shares of ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.50 price objective on shares of ZIM Integrated Shipping Services in a report on Tuesday, September 10th. Bank of America lifted their target price on shares of ZIM Integrated Shipping Services from $12.20 to $13.70 and gave the company an “underperform” rating in a report on Wednesday, August 28th. Finally, Barclays upped their price target on ZIM Integrated Shipping Services from $12.30 to $13.90 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $15.22.

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.