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

ZIM Integrated Shipping Services Ltd. (NYSE:ZIMGet Rating) – Equities research analysts at Jefferies Financial Group issued their Q2 2022 earnings per share estimates for shares of ZIM Integrated Shipping Services in a note issued to investors on Wednesday, May 18th. Jefferies Financial Group analyst C. Robertson expects that the company will post earnings of $11.24 per share for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $120.00 target price 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.

ZIM has been the topic of several other research reports. Zacks Investment Research lowered shares of ZIM Integrated Shipping Services from a “buy” rating to a “hold” rating in a research note on Thursday. Clarkson Capital lowered shares of ZIM Integrated Shipping Services from a “buy” rating to a “neutral” rating in a research note on Thursday, March 10th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have 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 $76.40.

Shares of ZIM stock opened at $64.70 on Monday. 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 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 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 (NYSE:ZIMGet Rating) last posted its quarterly earnings data on Wednesday, May 18th. The company reported $14.19 earnings per share for the quarter, beating analysts’ consensus estimates of $12.65 by $1.54. ZIM Integrated Shipping Services had a net margin of 45.36% and a return on equity of 167.57%. During the same period in the previous year, the company posted $5.13 earnings per share.

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

A number of institutional investors have recently bought and sold shares of the stock. Financial Management Professionals Inc. boosted its stake 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 worth $35,000 after purchasing an additional 200 shares during the period. PDT Partners LLC boosted its stake in ZIM Integrated Shipping Services by 4.2% in the 1st quarter. PDT Partners LLC now owns 5,000 shares of the company’s stock worth $364,000 after purchasing an additional 200 shares during the period. Centric Wealth Management lifted its position in ZIM Integrated Shipping Services by 1.2% in the 1st quarter. Centric Wealth Management now owns 27,484 shares of the company’s stock worth $1,998,000 after buying an additional 316 shares in the last quarter. Paradiem LLC lifted its position in ZIM Integrated Shipping Services by 5.6% in the 1st quarter. Paradiem LLC now owns 6,389 shares of the company’s stock worth $369,000 after buying an additional 339 shares in the last quarter. Finally, Equitable Holdings Inc. lifted its position in ZIM Integrated Shipping Services by 5.7% in the 1st quarter. Equitable Holdings Inc. now owns 7,166 shares of the company’s stock worth $521,000 after buying an additional 385 shares in the last quarter. 47.33% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for ZIM Integrated Shipping Services (NYSE:ZIM)

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