An Evaluation Of Zim Integrated Shipping Services Ltd (NYSE: ZIM) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed ZIM Announces Agreement with Hoopo Systems to Deploy Hoopo’s Tracking Devices on ZIM’s Dry-Van Container Fleet.

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Stocks Info

ZIM belongs to the Industrials sector of the NYSE while operating in the Marine Shipping industry. The current market capitalization of Zim Integrated Shipping Services Ltd is $1.52B. A total of 3.43 million shares were traded on the day, compared to an average of 8.15M shares.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. ZIM’s most recent ex-dividend date was 4/4/2023 when it declared a $6.40 quarterly dividend that was paid in cash on 4/3/2023. Previously, the company paid the dividend on 12/7/2022 with an ex-dividend date of 11/28/2022. The ZIM stock dividend was $2.95 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ZIM in the last 3 months, the mean price target is $9.53 with high estimates of $20.00 and low estimates of $5.00. In terms of 52-week highs and lows, ZIM has a high of $25.12 and a low of $6.39.

As of this writing, ZIM has an earnings estimate of -$1.29 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.5 per share and a lower estimate of -$1.94. The company reported an EPS of -$1.79 in the last quarter, which was -103.40% lower than expectations of -$0.88.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ZIM’s latest balance sheet shows that the firm has $3.69B in Cash & Short Term Investments as of fiscal 2021. There were $3.32B in debt and $2.76B in liabilities at the time. Its Book Value Per Share was $21.35, while its Total Shareholder’s Equity was $4.60B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ZIM is Buy with a score of 2.80.

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