ZTO Express (Cayman) (NYSE:ZTO) Posts Earnings Results, Misses Expectations By $0.12 EPS

ZTO Express (Cayman) (NYSE:ZTOGet Free Report) posted its earnings results on Tuesday. The transportation company reported $2.95 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.12), Briefing.com reports. ZTO Express (Cayman) had a return on equity of 14.23% and a net margin of 17.87%.The company’s quarterly revenue was up 22.0% on a year-over-year basis.

ZTO Express (Cayman) Trading Up 0.1%

Shares of ZTO stock opened at $23.01 on Tuesday. ZTO Express has a 52-week low of $16.73 and a 52-week high of $26.20. The company has a 50-day simple moving average of $24.70 and a two-hundred day simple moving average of $22.88. The company has a market capitalization of $12.97 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 1.16 and a beta of -0.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.48 and a current ratio of 1.64.

ZTO Express (Cayman) Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 8th were given a $0.39 dividend. This represents a yield of 318.0%. The ex-dividend date of this dividend was Wednesday, April 8th. ZTO Express (Cayman)’s dividend payout ratio is presently 46.63%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ZTO. Weiss Ratings lowered shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Zacks Research upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $30.10 price objective on shares of ZTO Express (Cayman) in a research report on Wednesday, May 20th. JPMorgan Chase & Co. upped their price objective on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Finally, Wall Street Zen raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $27.03.

View Our Latest Stock Report on ZTO Express (Cayman)

Institutional Trading of ZTO Express (Cayman)

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC bought a new stake in ZTO Express (Cayman) in the 4th quarter worth $221,000. Invesco Ltd. grew its holdings in ZTO Express (Cayman) by 32.4% in the 4th quarter. Invesco Ltd. now owns 197,679 shares of the transportation company’s stock worth $4,130,000 after acquiring an additional 48,363 shares during the last quarter. Vident Advisory LLC grew its holdings in ZTO Express (Cayman) by 3.3% in the 4th quarter. Vident Advisory LLC now owns 55,995 shares of the transportation company’s stock worth $1,170,000 after acquiring an additional 1,786 shares during the last quarter. Mackenzie Financial Corp grew its holdings in ZTO Express (Cayman) by 24.2% in the 4th quarter. Mackenzie Financial Corp now owns 446,411 shares of the transportation company’s stock worth $9,405,000 after acquiring an additional 87,087 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in ZTO Express (Cayman) in the 4th quarter worth $209,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.

About ZTO Express (Cayman)

(Get Free Report)

ZTO Express (Cayman) Inc is one of China’s leading express delivery companies, specializing in both domestic and cross-border parcel logistics. The company operates a technology-enabled network that connects shippers, independent pickup and delivery stations, regional sorting hubs and end customers. ZTO’s service portfolio includes standard express, heavy-weight parcel delivery, time-definite shipments and e-commerce logistics solutions tailored for online retailers and marketplaces.

Founded in 2002 and headquartered in Shanghai, ZTO has grown rapidly by leveraging a franchise-style operating model that engages a broad network of independent contractors.

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Earnings History for ZTO Express (Cayman) (NYSE:ZTO)

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