ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Expected to Post Q2 2022 Earnings of $11.24 Per Share

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Rating) – Jefferies Financial Group issued their Q2 2022 earnings estimates for ZIM Integrated Shipping Services in a research report issued to clients and investors on Wednesday, May 18th. Jefferies Financial Group analyst C. Robertson expects that the company will earn $11.24 per share for the quarter. Jefferies Financial Group has a “Buy” rating and a $120.00 price target on the stock. Jefferies Financial Group also issued estimates for ZIM Integrated Shipping Services’ Q3 2022 earnings at $9.24 EPS, Q4 2022 earnings at $7.59 EPS, FY2022 earnings at $42.27 EPS and FY2023 earnings at $23.16 EPS.

Several other equities research analysts have also commented on the stock. Barclays raised their price target on shares of ZIM Integrated Shipping Services from $60.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 26th. Zacks Investment Research lowered shares of ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Clarkson Capital downgraded shares of ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating in a research report on Thursday, March 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $76.40.

Shares of ZIM stock opened at $64.70 on Monday. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 1.35 and a beta of 2.42. ZIM Integrated Shipping Services has a one year low of $33.71 and a one year high of $91.23. The company’s 50-day simple moving average is $65.14 and its 200-day simple moving average is $62.27. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.80 and a current ratio of 1.29.

ZIM Integrated Shipping Services (NYSE:ZIM – Get Rating) last released its quarterly earnings data on Wednesday, May 18th. The company reported $14.19 EPS for the quarter, topping analysts’ consensus estimates of $12.65 by $1.54. ZIM Integrated Shipping Services had a return on equity of 167.57% and a net margin of 45.36%. During the same quarter in the prior year, the business posted $5.13 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 8th. Shareholders of record on Tuesday, May 31st will be paid a dividend of $2.85 per share. The ex-dividend date of this dividend is Friday, May 27th. This represents a $11.40 dividend on an annualized basis and a yield of 17.62%. ZIM Integrated Shipping Services’s payout ratio is 141.96%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Management Professionals Inc. raised its holdings in ZIM Integrated Shipping Services by 71.7% in the 1st quarter. Financial Management Professionals Inc. now owns 479 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the last quarter. PDT Partners LLC increased its stake in shares of ZIM Integrated Shipping Services by 4.2% in the 1st quarter. PDT Partners LLC now owns 5,000 shares of the company’s stock valued at $364,000 after acquiring an additional 200 shares in the last quarter. Centric Wealth Management increased its stake in shares of ZIM Integrated Shipping Services by 1.2% in the 1st quarter. Centric Wealth Management now owns 27,484 shares of the company’s stock valued at $1,998,000 after acquiring an additional 316 shares in the last quarter. Paradiem LLC increased its stake in shares of ZIM Integrated Shipping Services by 5.6% in the 1st quarter. Paradiem LLC now owns 6,389 shares of the company’s stock valued at $369,000 after acquiring an additional 339 shares in the last quarter. Finally, Equitable Holdings Inc. increased its stake in shares of ZIM Integrated Shipping Services by 5.7% in the 1st quarter. Equitable Holdings Inc. now owns 7,166 shares of the company’s stock valued at $521,000 after acquiring an additional 385 shares in the last quarter. Institutional investors and hedge funds own 47.33% of the company’s stock.

ZIM Integrated Shipping Services Company Profile (Get Rating)

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.

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