ZIM Integrated Shipping Services (ZIM) Scheduled to Post Earnings on Tuesday

ZIM Integrated Shipping Services (NYSE:ZIM) will be posting its quarterly earnings results before the market opens on Tuesday, May 21st. Analysts expect ZIM Integrated Shipping Services to post earnings of $1.01 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Wednesday, March 13th. The company reported ($1.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.33) by $0.10. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. ZIM Integrated Shipping Services had a negative net margin of 52.22% and a negative return on equity of 16.29%. On average, analysts expect ZIM Integrated Shipping Services to post $1 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

ZIM Integrated Shipping Services Price Performance

ZIM stock opened at $18.88 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 1.35. The company’s fifty day simple moving average is $11.24 and its 200 day simple moving average is $10.74. ZIM Integrated Shipping Services has a 12-month low of $6.39 and a 12-month high of $19.22. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of -0.84 and a beta of 1.64.

Analyst Ratings Changes

A number of brokerages have weighed in on ZIM. JPMorgan Chase & Co. lowered their target price on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating for the company in a report on Friday, March 22nd. Jefferies Financial Group restated a “buy” rating and set a $20.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 13th. Finally, Bank of America dropped their price objective on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating on the stock in a research note on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, ZIM Integrated Shipping Services currently has an average rating of “Hold” and an average target price of $10.51.

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.