ZIM Integrated Shipping Services Ltd. (NYSE:ZIM - Get Free Report) announced a quarterly dividend on Wednesday, May 22nd, Wall Street Journal reports. Investors of record on Tuesday, June 4th will be given a dividend of 0.23 per share on Tuesday, June 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date is Tuesday, June 4th.
ZIM Integrated Shipping Services Trading Up 4.2 %
ZIM stock traded up $0.76 during midday trading on Wednesday, hitting $19.01. 6,832,997 shares of the company's stock were exchanged, compared to its average volume of 6,527,098. ZIM Integrated Shipping Services has a one year low of $6.39 and a one year high of $19.80. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.95 and a current ratio of 1.02. The company has a market cap of $2.29 billion, a PE ratio of -0.85, a price-to-earnings-growth ratio of 0.33 and a beta of 1.64. The stock's fifty day moving average price is $12.49 and its 200-day moving average price is $11.32.
ZIM Integrated Shipping Services (NYSE:ZIM - Get Free Report) last released its quarterly earnings data on Wednesday, March 13th. The company reported ($1.23) earnings per share for the quarter, beating the consensus estimate of ($1.33) by $0.10. ZIM Integrated Shipping Services had a negative return on equity of 16.29% and a negative net margin of 52.22%. The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.23 billion. Research analysts predict that ZIM Integrated Shipping Services will post 1.37 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on ZIM. Bank of America reduced their price target on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an "underperform" rating for the company in a report on Tuesday, March 19th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $20.00 target price on shares of ZIM Integrated Shipping Services in a research note on Wednesday. Finally, JPMorgan Chase & Co. dropped their price target on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a "neutral" rating on the stock in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $10.51.
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About ZIM Integrated Shipping Services
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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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