ZIM Integrated Shipping Services (ZIM) Set to Announce Quarterly Earnings on Wednesday

ZIM Integrated Shipping Services (NYSE:ZIM) will be announcing its earnings results before the market opens on Wednesday, November 20th. Analysts expect the company to announce 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 issued its quarterly earnings data on Monday, August 19th. The company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $1.01. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm posted ($1.37) EPS. 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 Stock Up 2.0 %

ZIM stock opened at $26.61 on Tuesday. The stock has a 50-day simple moving average of $22.17 and a two-hundred day simple moving average of $20.23. ZIM Integrated Shipping Services has a twelve month low of $6.39 and a twelve month high of $27.48. The firm has a market capitalization of $3.20 billion, a PE ratio of -1.63, a PEG ratio of 0.05 and a beta of 1.88. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.41.

Wall Street Analysts Forecast Growth

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

ZIM Integrated Shipping Services Company Profile

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.