ZIM Integrated Shipping Services Ltd. (ZIM)

NYSE: ZIM · IEX Real-Time Price · USD
12.32
-0.19 (-1.52%)
Feb 23, 2024, 4:00 PM EST - Market closed
-1.52%
Market Cap 1.48B
Revenue (ttm) 6.15B
Net Income (ttm) -2.13B
Shares Out 120.25M
EPS (ttm) -17.75
PE Ratio n/a
Forward PE n/a
Dividend $6.40 (51.95%)
Ex-Dividend Date Apr 4, 2023
Volume 3,156,445
Open 12.31
Previous Close 12.51
Day's Range 11.82 - 12.40
52-Week Range 6.39 - 25.12
Beta 1.94
Analysts Hold
Price Target 10.43 (-15.34%)
Earnings Date Mar 11, 2024

About ZIM

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. The company also offers ZIMonitor, a premium reefer cargo tracking service. As of December 31, 2022, it operated a fleet of 150 vessels, which included 139 container vessels and 11 vehicle transport vessels, of which nine vessels were owned ... [Read more]

Industry Marine Shipping
Sector Industrials
IPO Date Jan 28, 2021
Employees 4,830
Stock Exchange NYSE
Ticker Symbol ZIM
Full Company Profile

Financial Performance

In 2022, ZIM's revenue was $12.56 billion, an increase of 17.08% compared to the previous year's $10.73 billion. Earnings were $4.62 billion, a decrease of -0.45%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for ZIM stock is "Hold." The 12-month stock price forecast is $10.43, which is a decrease of -15.34% from the latest price.

Price Target
$10.43
(-15.34% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Here's why the ZIM Integrated stock price is sinking

ZIM Integrated (NYSE: ZIM) stock price plunged by more than 7% in the pre-market session after a major warning from Maersk, the second-biggest shipping company in the world. The shares crashed to a lo...

17 days ago - Invezz

ZIM Integrated stock as investors hope for a big dividend

ZIM Integrated (NYSE: ZIM) stock price continued rising this week as investors continued to anticipate a big dividend. After bottoming at $6.45 in December, the stock has jumped by more than 137%, mak...

24 days ago - Invezz

ZIM Integrated Shipping stock outlook: Jefferies sees 50% upside

ZIM Integrated Shipping Services Ltd (NYSE: ZIM) opened sharply up on Monday after a Jefferies analyst issued a super bullish note in its favour.

27 days ago - Invezz

ZIM Integrated, Maersk stock slips as the container index surges

ZIM Integrated (NYSE: ZIM) stock price rally has stalled even as the crisis in the Middle East escalated and container shipping rates surged. The stock, which more than doubled and reached a high of $...

Other symbols: AMKBY
5 weeks ago - Invezz

ZIM Shipping stock proves unsinkable despite Red Sea disruptions

The Houthi attacks on cargo ships in the Red Sea have caused widespread disruptions and economic ramifications for the transportation sector, with cargo and dry bulk shipping and oil/energy sector com...

5 weeks ago - MarketBeat

Big gains on the horizon for shipping stocks in Red Sea conflict?

Just as investors thought inflation was easing, conflict in the Middle East and drought in Latin America may combine to push shipping rates higher for companies like ZIM Integrated Shipping Services L...

Other symbols: AMKBYGNKGOGLMATXSBLK
6 weeks ago - MarketBeat

ZIM Announces Agreement with Hoopo Systems to Deploy Hoopo's Tracking Devices on ZIM's Dry-Van Container Fleet

The Deployment of hoopoSense Solar Cutting-Edge, Robust, and Cost-efficient Trackers on a Large Scale Puts ZIM at the Forefront of Technological Innovation in this Field ZIM's Smart Container Powered ...

6 weeks ago - PRNewsWire

Here's why ZIM Integrated stock price could retreat soon – WSJ

ZIM Integrated (NYSE: ZIM) stock price is on track for its best weeks on record. The shares are up by over 31% this week and are sitting at their highest point since August 23rd.

7 weeks ago - Invezz

ZIM Integrated Shipping stock braces for new normal in 2024

ZIM Integrated (NYSE: ZIM) stock price will be in the spotlight this week as investors focus on the embattled shipping industry. The shares ended the year at $10, about 56% above the lowest level in 2...

2 months ago - Invezz

ZIM Integrated stock short squeeze continues: what next?

ZIM Integrated (NYSE: ZIM) stock price is roaring back as investors predict more shipping demand as interest rates starts falling. The shares jumped by more than 10% on Monday, reaching a high of $10....

2 months ago - Invezz

ZIM Announces Measures in Response to Threats in the Arabian and Red Seas

HAIFA, Israel , Nov. 27, 2023 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd.  (NYSE: ZIM), a global container liner shipping company, reaffirmed today its continued commitment to serve the East...

3 months ago - PRNewsWire

ZIM Integrated stock: Plot thickens as dividend drought continues

ZIM Integrated Shipping (NYSE: ZIM) stock price collapsed by more than 7% on Wednesday as the company published weak financial results. It plunged to a low of $7.22, which was much lower than the clos...

3 months ago - Invezz

ZIM Reports Financial Results for the Third Quarter and the First Nine Months of 2023

Reported Revenues of $1,273 Million, Net Loss of $2,270 Million (Including a Non-Cash Impairment Loss of $2,063 Million) 1 , Adjusted EBITDA 2  of $211 Million and Adjusted EBIT Loss2 of $213 Million ...

3 months ago - PRNewsWire

ZIM: Pessimism Is Peaking

ZIM Integrated Shipping Services Ltd. (ZIM, Financial), a marine transportation company, is starting to look interesting.

3 months ago - GuruFocus

ZIM Integrated stock: Avoid as Maersk warns of subdued demand

ZIM Integrated (NYSE: ZIM) stock price has been in a strong freefall as concerns about the shipping industry faces multiple headwinds. The stock plunged to a low of $7.82 this week, the lowest point s...

Other symbols: AMKBY
4 months ago - Invezz

ZIM to Release Third Quarter 2023 Results on Wednesday, November 15, 2023

HAIFA, Israel , Oct. 25, 2023 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today that the Company will release its third quarter 2023 financial results on Wednesday, Nov...

4 months ago - PRNewsWire

ZIM Integrated stock outlook: Is it too cheap or a value trap?

ZIM Integrated (NYSE: ZIM) stock price has been in a strong bearish trend in the past few months. The shares crashed to a low of $10.98 last week, the lowest level since April 2021.

5 months ago - Invezz

Ship4wd Facilitates Global Supply Chain Flow for Small and Medium-Sized Businesses with $3M of Credit Utilized by Customers in the First Month of New Financing Solution

Reaching this new milestone underscores the value of Ship4wd's new financial solution as it opens additional avenues of global trade and improves cash flow for underserved importers and exporters with...

5 months ago - PRNewsWire

ZIM Announces a New Operational Collaboration Agreement with MSC on Multiple Trades

Mutually Beneficial Arrangement Delivers Cost Efficiencies, While Upholding the Highest Standards of Service and Reliability HAIFA, Israel , Sept. 6, 2023 /PRNewswire/ -- ZIM Integrated Shipping Servi...

6 months ago - PRNewsWire

Ship4wd Recognized as Best Freight Forwarder for Small and Mid-sized Businesses in the U.S. and Canada at the 11th Annual Global Brand Awards

Ship4wd received the award for the Best Freight Forwarding Company for SMBs in the United States and Canada, recognizing its industry-leading innovation that is leveling the global supply chain playin...

6 months ago - PRNewsWire

ZIM Integrated dividend drought continues as outlook darkens

ZIM Integrated's (NYSE: ZIM) woes continued in Q2 as demand for shipping waned and shipping costs tumbled. Its revenue plunged to $3.4 billion during the quarter from $1.34 billion in the same quarter...

6 months ago - Invezz

ZIM Reports Financial Results for the Second Quarter of 2023

Reported Revenues of $1.3 Billion, Net Loss of $213 Million, Adjusted EBITDA 1  of $275 Million and Adjusted EBIT Loss 1  of $147 Million HAIFA, Israel , Aug. 16, 2023 /PRNewswire/ -- ZIM Integrated S...

6 months ago - PRNewsWire

ZIM Integrated stock price: Technicals point to a 28% upside

ZIM Integrated (NYSE: ZIM) stock price has bounced back as investors bought the company's dip. The shares jumped to $15.85 on Thursday, which was higher than the year-to-date low of $11.87.

7 months ago - Invezz

ZIM to Release Second Quarter 2023 Results on Wednesday, August 16, 2023

HAIFA, Israel , July 26, 2023 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today that the Company will release its second quarter 2023 financial results on Wednesday, Au...

7 months ago - PRNewsWire

ZIM Updates its Outlook for 2023

Company Now Expects to Generate in 2023 Adjusted EBITDA of $1.2-$1.6 Billion and Adjusted EBIT Loss of $500-$100 Million 1 HAIFA, Israel , July 12, 2023 /PRNewswire/ -- ZIM Integrated Shipping Service...

8 months ago - PRNewsWire