|Bid||315.60 x 52700|
|Ask||316.40 x 9900|
|Day's Range||282.80 - 317.40|
|52 Week Range||167.60 - 474.60|
|Beta (5Y Monthly)||1.17|
|PE Ratio (TTM)||4.87|
|Earnings Date||Nov 10, 2022|
|Forward Dividend & Yield||35.00 (10.99%)|
|Ex-Dividend Date||May 26, 2022|
|1y Target Est||226.68|
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FRANKFURT (Reuters) -German container shipper Hapag-Lloyd on Thursday posted a net profit of 8.7 billion euros ($8.94 billion) for the first half of 2022, more than three times as much as a year earlier, but said war in Ukraine and the coronavirus crisis somewhat clouded its prospects. The company, the world's fifth-biggest container line, upheld forecasts made on July 28 for full year 2022 earnings before interest, tax, depreciation and amortisation to range between 18.2 billion and 20.1 billion euros, and for earnings before interest and tax to come in between 16.3 billion and 18.2 billion euros. But the forecast remained subject to uncertainties about the war, the COVID-19 pandemic and signs that spot freight rates were beginning to ease, the company said.
Extended supply-chain disruptions helped the Danish container-ship company deliver another bumper quarter. But customers will likely start to push back harder as growth slows.
Norfolk Southern Corporation (NYSE: NSC) today announced OceaNS Bridge Express, a new partnership with Hapag-Lloyd (FWB: HLAG), Union Pacific Railroad (NYSE: UNP), and the Port of Virginia to provide expedited service from the East Coast to the Western United States, giving shippers a new option to reach West Coast markets.