ZIM Integrated Shipping Services (NYSE:ZIM) Posts Quarterly Earnings Results, Beats Estimates By $1.01 EPS

ZIM Integrated Shipping Services (NYSE:ZIM) posted its earnings results on Monday. The company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $1.01, Zacks reports. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.71 billion. ZIM Integrated Shipping Services had a negative return on equity of 14.80% and a negative net margin of 47.59%. During the same period in the previous year, the firm earned ($1.37) earnings per share.

ZIM Integrated Shipping Services Trading Up 2.2 %

NYSE ZIM traded up $0.48 during trading hours on Tuesday, hitting $22.73. 2,408,852 shares of the company were exchanged, compared to its average volume of 6,102,982. The stock has a 50-day moving average price of $19.31 and a 200 day moving average price of $15.59. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 1.49. ZIM Integrated Shipping Services has a 52 week low of $6.39 and a 52 week high of $23.82. The stock has a market cap of $2.73 billion, a PE ratio of -1.07, a price-to-earnings-growth ratio of 0.09 and a beta of 1.85.

Wall Street Analyst Weigh In

Several brokerages have commented on ZIM. Citigroup lowered shares of ZIM Integrated Shipping Services from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $11.60 to $13.00 in a report on Thursday, June 6th. Barclays upped their price target on ZIM Integrated Shipping Services from $5.00 to $10.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 28th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $22.00 price target on shares of ZIM Integrated Shipping Services in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.41.

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.