ZTO Express (Cayman) (NYSE:ZTO) Issues Earnings Results

ZTO Express (Cayman) (NYSE:ZTO) issued its quarterly earnings results on Tuesday. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.03 by ($2.69), Zacks reports. ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%.

ZTO Express (Cayman) Price Performance

ZTO Express (Cayman) stock traded down $1.47 during trading hours on Tuesday, hitting $17.56. The stock had a trading volume of 8,701,964 shares, compared to its average volume of 2,805,531. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.03 and a beta of -0.14. ZTO Express has a 1-year low of $16.34 and a 1-year high of $27.50. The stock’s fifty day moving average is $19.04 and its two-hundred day moving average is $19.42.

ZTO Express (Cayman) Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, April 29th. Shareholders of record on Thursday, April 10th were issued a $0.35 dividend. This represents a yield of 4.7%. The ex-dividend date of this dividend was Thursday, April 10th. ZTO Express (Cayman)’s dividend payout ratio (DPR) is currently 45.95%.

Institutional Trading of ZTO Express (Cayman)

An institutional investor recently raised its position in ZTO Express (Cayman) stock. Royal Bank of Canada boosted its holdings in ZTO Express (Cayman) Inc. (NYSE:ZTO) by 22.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,128 shares of the transportation company’s stock after purchasing an additional 32,663 shares during the quarter. Royal Bank of Canada’s holdings in ZTO Express (Cayman) were worth $3,475,000 as of its most recent filing with the Securities and Exchange Commission. 41.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. HSBC upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Monday, April 14th. Hsbc Global Res upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. JPMorgan Chase & Co. lowered shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $23.00 in a research note on Thursday, March 20th. Finally, StockNews.com upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.28.

ZTO Express (Cayman) Company Profile

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.