ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Announces $0.23 Quarterly Dividend

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) declared a quarterly dividend on Tuesday, May 21st, Wall Street Journal reports. Shareholders 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 yield of 4.84%. The ex-dividend date of this dividend is Tuesday, June 4th.

ZIM Integrated Shipping Services Stock Up 4.2 %

ZIM Integrated Shipping Services stock opened at $19.01 on Thursday. ZIM Integrated Shipping Services has a 52 week low of $6.39 and a 52 week high of $19.80. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 1.35. The business’s 50-day simple moving average is $12.49 and its 200-day simple moving average is $11.32.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($1.23) EPS for the quarter, topping analysts’ consensus estimates of ($1.33) by $0.10. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. ZIM Integrated Shipping Services had a negative return on equity of 13.96% and a negative net margin of 47.59%. As a group, analysts forecast that ZIM Integrated Shipping Services will post 1.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZIM has been the topic of several research reports. Jefferies Financial Group restated a “buy” rating and set a $20.00 price objective on shares of ZIM Integrated Shipping Services in a report on Wednesday. Bank of America lowered their price target on 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. Finally, JPMorgan Chase & Co. reduced their price objective on ZIM Integrated Shipping Services from $9.30 to $9.25 and set a “neutral” rating for the company in a research report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.