ZIM Integrated Shipping Services (NYSE:ZIM) Announces Earnings Results, Beats Expectations By $1.19 EPS

ZIM Integrated Shipping Services (NYSE:ZIM) released its earnings results on Wednesday. The company reported $4.66 EPS for the quarter, beating the consensus estimate of $3.47 by $1.19, Zacks reports. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%.

ZIM Integrated Shipping Services Stock Down 7.4 %

ZIM opened at $18.81 on Wednesday. ZIM Integrated Shipping Services has a 1-year low of $9.08 and a 1-year high of $30.15. The firm’s 50 day simple moving average is $19.33 and its two-hundred day simple moving average is $20.62. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $2.26 billion, a PE ratio of 1.60, a PEG ratio of 0.27 and a beta of 1.70.

Analyst Upgrades and Downgrades

ZIM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a report on Friday, March 7th. Jefferies Financial Group reissued a “hold” rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday. Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Clarkson Capital raised shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Finally, Barclays decreased their target price on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, ZIM Integrated Shipping Services currently has a consensus rating of “Hold” and an average target price of $14.04.

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.