ZTO Express (Cayman) (NYSE:ZTO) Issues Earnings Results, Misses Expectations By $2.08 EPS

ZTO Express (Cayman) (NYSE:ZTO) issued its earnings results on Wednesday. The transportation company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($2.08), Zacks reports. ZTO Express (Cayman) had a return on equity of 14.44% and a net margin of 18.83%.

ZTO Express (Cayman) Price Performance

Shares of NYSE:ZTO traded up $0.08 during trading on Wednesday, reaching $19.01. 1,258,488 shares of the company’s stock traded hands, compared to its average volume of 2,271,173. ZTO Express has a 12 month low of $16.34 and a 12 month high of $22.01. The company has a 50 day moving average of $19.01 and a 200-day moving average of $18.69. The stock has a market capitalization of $11.37 billion, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 7.37 and a beta of -0.20.

Hedge Funds Weigh In On ZTO Express (Cayman)

Several hedge funds and other institutional investors have recently modified their holdings of ZTO. Smartleaf Asset Management LLC increased its position in ZTO Express (Cayman) by 61.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 769 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of ZTO Express (Cayman) by 156.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 2,127 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of ZTO Express (Cayman) by 74.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,668 shares of the transportation company’s stock worth $70,000 after purchasing an additional 1,563 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in ZTO Express (Cayman) in the second quarter worth approximately $190,000. Finally, Orion Porfolio Solutions LLC raised its position in shares of ZTO Express (Cayman) by 7.8% during the third quarter. Orion Porfolio Solutions LLC now owns 14,617 shares of the transportation company’s stock worth $281,000 after purchasing an additional 1,053 shares during the period. Institutional investors and hedge funds own 41.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Bank of America increased their price objective on shares of ZTO Express (Cayman) from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Zacks Research upgraded ZTO Express (Cayman) from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ZTO Express (Cayman) in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.36.

About ZTO Express (Cayman)

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.