ZTO Express (Cayman) (NYSE:ZTO) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

ZTO Express (Cayman) (NYSE:ZTO) released its quarterly earnings results on Tuesday. The transportation company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03, Zacks reports. ZTO Express (Cayman) had a return on equity of 14.33% and a net margin of 18.61%.The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.99 billion. ZTO Express (Cayman)’s revenue was up 12.3% compared to the same quarter last year.

ZTO Express (Cayman) Trading Down 0.3%

Shares of ZTO opened at $23.73 on Wednesday. The stock has a 50 day moving average of $23.29 and a 200 day moving average of $20.95. The company has a market capitalization of $13.99 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 4.31 and a beta of -0.20. ZTO Express has a 12 month low of $16.34 and a 12 month high of $25.52.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its position in shares of ZTO Express (Cayman) by 61.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 769 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of ZTO Express (Cayman) by 7.8% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 14,617 shares of the transportation company’s stock worth $281,000 after buying an additional 1,053 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in ZTO Express (Cayman) during the fourth quarter valued at about $25,000. Captrust Financial Advisors grew its position in ZTO Express (Cayman) by 3.8% during the second quarter. Captrust Financial Advisors now owns 32,424 shares of the transportation company’s stock valued at $576,000 after buying an additional 1,177 shares during the period. Finally, Integrated Wealth Concepts LLC increased its holdings in ZTO Express (Cayman) by 4.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 35,220 shares of the transportation company’s stock worth $736,000 after buying an additional 1,478 shares during the last quarter. Institutional investors own 41.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Macquarie Infrastructure raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of ZTO Express (Cayman) in a report on Monday, December 29th. Wall Street Zen lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Zacks Research cut shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.36.

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.