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

ZTO Express (Cayman) (NYSE:ZTO) announced its quarterly earnings results on Tuesday. The transportation company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06, Zacks reports. ZTO Express (Cayman) had a net margin of 17.87% and a return on equity of 14.23%.

ZTO Express (Cayman) Stock Up 0.9%

Shares of ZTO stock traded up $0.20 during midday trading on Tuesday, reaching $23.11. 1,503,921 shares of the stock were exchanged, compared to its average volume of 1,831,369. ZTO Express has a 1 year low of $17.74 and a 1 year high of $26.20. The firm has a market cap of $12.88 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 0.87 and a beta of -0.22. The company’s 50 day moving average is $23.23 and its two-hundred day moving average is $23.82. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16.

Wall Street Analyst Weigh In

ZTO has been the topic of several recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $30.10 target price on shares of ZTO Express (Cayman) in a research note on Wednesday, May 20th. Weiss Ratings lowered ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Finally, Zacks Research cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, ZTO Express (Cayman) has a consensus rating of “Moderate Buy” and a consensus price target of $27.03.

Institutional Investors Weigh In On ZTO Express (Cayman)

Hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in ZTO Express (Cayman) by 61.4% in the second quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock worth $36,000 after purchasing an additional 769 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of ZTO Express (Cayman) by 7.8% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 14,617 shares of the transportation company’s stock valued at $281,000 after buying an additional 1,053 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of ZTO Express (Cayman) in the 4th quarter worth about $25,000. Captrust Financial Advisors grew its position in shares of ZTO Express (Cayman) by 3.8% in the 2nd quarter. Captrust Financial Advisors now owns 32,424 shares of the transportation company’s stock worth $576,000 after buying an additional 1,177 shares during the period. Finally, Integrated Wealth Concepts LLC increased its stake in shares of ZTO Express (Cayman) by 4.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 35,220 shares of the transportation company’s stock worth $736,000 after acquiring an additional 1,478 shares in the last quarter. 41.65% of the stock is currently owned by institutional investors.

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.