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

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

ZIM Integrated Shipping Services Stock Performance

Shares of ZIM stock opened at $19.01 on Thursday. ZIM Integrated Shipping Services has a fifty-two week low of $6.39 and a fifty-two 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 stock has a 50 day moving average price of $12.49 and a two-hundred day moving average price of $11.32.

ZIM Integrated Shipping Services (NYSE:ZIM) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($1.23) EPS for the quarter, beating 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 net margin of 47.59% and a negative return on equity of 13.96%. As a group, research analysts forecast that ZIM Integrated Shipping Services will post 1.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ZIM. Bank of America lowered their price objective on shares of ZIM Integrated Shipping Services from $11.00 to $7.80 and set an “underperform” rating for the company in a research note on Tuesday, March 19th. JPMorgan Chase & Co. lowered their price target 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. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $20.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.