ZTO Express (Cayman) (NYSE:ZTO) Releases Earnings Results, Misses Estimates By $0.12 EPS

ZTO Express (Cayman) (NYSE:ZTO) issued its quarterly earnings results on Tuesday. The transportation company reported $2.95 EPS 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 business’s quarterly revenue was up 22.0% on a year-over-year basis.

ZTO Express (Cayman) Price Performance

ZTO stock opened at $23.01 on Tuesday. The firm has a market cap 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 quick ratio of 1.48, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. ZTO Express has a 12-month low of $16.73 and a 12-month high of $26.20. The company’s fifty day simple moving average is $24.70 and its 200 day simple moving average is $22.88.

ZTO Express (Cayman) Announces Dividend

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

Hedge Funds Weigh In On ZTO Express (Cayman)

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley raised its holdings in shares of ZTO Express (Cayman) by 1.3% during the fourth quarter. Morgan Stanley now owns 5,459,308 shares of the transportation company’s stock valued at $114,045,000 after purchasing an additional 69,529 shares during the period. State Street Corp raised its holdings in shares of ZTO Express (Cayman) by 2.8% during the fourth quarter. State Street Corp now owns 981,894 shares of the transportation company’s stock valued at $20,512,000 after purchasing an additional 26,776 shares during the period. Marshall Wace LLP raised its holdings in shares of ZTO Express (Cayman) by 29.3% during the second quarter. Marshall Wace LLP now owns 468,489 shares of the transportation company’s stock valued at $8,316,000 after purchasing an additional 106,180 shares during the period. Mackenzie Financial Corp raised its holdings in shares of ZTO Express (Cayman) by 24.2% during the fourth quarter. Mackenzie Financial Corp now owns 446,411 shares of the transportation company’s stock valued at $9,405,000 after purchasing an additional 87,087 shares during the period. Finally, SIH Partners LLLP raised its holdings in shares of ZTO Express (Cayman) by 23.5% in the 3rd quarter. SIH Partners LLLP now owns 438,050 shares of the transportation company’s stock worth $8,411,000 after acquiring an additional 83,450 shares during the last quarter. Institutional investors and hedge funds own 41.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of ZTO Express (Cayman) from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, April 13th. Wall Street Zen upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Zacks Research raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. 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. Finally, Morgan Stanley restated an “overweight” rating and issued a $30.10 target price on shares of ZTO Express (Cayman) in a report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $27.03.

ZTO Express (Cayman) Company Profile

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.