Why Zim Integrated Shipping Services Inched Higher Today [Yahoo! Finance]
ZIM Integrated Shipping Services Ltd. Ordinary Shares (ZIM)
Company Research
Source: Yahoo! Finance
Double-digit gains during the trading session moderated toward the close, but the stock ended the day with a nearly 1% increase. That compared favorably to the flat line that was the S&P 500 (SNPINDEX: ^GSPC) It was a beat-and-raise quarter for Zim, which saw its revenue more than double year over year. It landed at $2.77 billion, against the $1.27 billion of third quarter 2023. This was on the back of a 12% rise in carried volume, and a powerful 177% improvement in the logistics company's average freight rate. Are You Missing The Morning Scoop? Wake up with Breakfast news in your inbox every market day. Sign Up For Free » The change on the bottom line was even more dramatic, with Zim flipping hard into a net profit of $1.13 billion ($9.34 per share) from the $2.27 billion loss in the year-ago period. The company also declared its upcoming dividend. This will consist of a regular payout of $2.81 per share, combined with a $0.84 special dividend, for a total of $3.65 per share.
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News
- Why Is ZIM (ZIM) Down 24.1% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Is ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Potentially Undervalued? [Yahoo! Finance]Yahoo! Finance
- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) had its price target lowered by analysts at Jefferies Financial Group Inc. from $28.00 to $22.00. They now have a "hold" rating on the stock.MarketBeat
- Best Value Stocks to Buy for December 16th [Yahoo! Finance]Yahoo! Finance
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ZIM
Earnings
- 11/20/24 - Beat
ZIM
Sec Filings
- 12/13/24 - Form 144
- 12/12/24 - Form 144
- 12/9/24 - Form 6-K
- ZIM's page on the SEC website