ZIM Integrated Shipping Services Ltd. (NYSE:ZIM – Get Free Report) shares gapped up prior to trading on Monday following a better than expected earnings announcement. The stock had previously closed at $19.06, but opened at $22.04. ZIM Integrated Shipping Services shares last traded at $21.85, with a volume of 7,014,840 shares.
The company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $1.01. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.71 billion. ZIM Integrated Shipping Services had a negative net margin of 47.59% and a negative return on equity of 14.80%. During the same period in the prior year, the firm earned ($1.37) EPS.
ZIM Integrated Shipping Services Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 29th will be paid a dividend of $0.93 per share. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 16.49%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is currently -4.35%.
Wall Street Analyst Weigh In
View Our Latest Stock Report on ZIM
Institutional Investors Weigh In On ZIM Integrated Shipping Services
Institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in ZIM Integrated Shipping Services in the 4th quarter valued at approximately $121,000. Private Advisor Group LLC bought a new position in shares of ZIM Integrated Shipping Services during the fourth quarter valued at $127,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of ZIM Integrated Shipping Services by 82.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 512,103 shares of the company’s stock valued at $5,054,000 after purchasing an additional 231,955 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in ZIM Integrated Shipping Services in the 4th quarter worth about $136,000. Finally, Jump Financial LLC bought a new stake in ZIM Integrated Shipping Services in the 4th quarter worth about $130,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.
ZIM Integrated Shipping Services Trading Up 1.4 %
The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.90 and a current ratio of 0.98. The firm has a market cap of $2.71 billion, a PE ratio of -1.07, a price-to-earnings-growth ratio of 0.09 and a beta of 1.85. The stock has a 50-day simple moving average of $19.41 and a two-hundred day simple moving average of $15.66.
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.
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