ZTO Express (Cayman) (NYSE:ZTO) Posts Quarterly Earnings Results, Misses Expectations By $2.69 EPS

ZTO Express (Cayman) (NYSE:ZTO) posted its quarterly earnings results on Tuesday. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.03 by ($2.69), Zacks reports. ZTO Express (Cayman) had a return on equity of 15.44% and a net margin of 20.56%.

ZTO Express (Cayman) Trading Down 7.7%

Shares of NYSE:ZTO traded down $1.47 during trading on Tuesday, hitting $17.56. 8,701,964 shares of the company’s stock were exchanged, compared to its average volume of 2,805,531. The firm has a market cap of $10.51 billion, a P/E ratio of 12.11, a PEG ratio of 1.03 and a beta of -0.14. The firm has a 50-day moving average price of $19.04 and a two-hundred day moving average price of $19.42. ZTO Express has a 1-year low of $16.34 and a 1-year high of $27.50.

ZTO Express (Cayman) Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, April 29th. Stockholders of record on Thursday, April 10th were paid a $0.35 dividend. This represents a dividend yield of 4.7%. The ex-dividend date was Thursday, April 10th. ZTO Express (Cayman)’s dividend payout ratio (DPR) is presently 45.95%.

Hedge Funds Weigh In On ZTO Express (Cayman)

An institutional investor recently bought a new position in ZTO Express (Cayman) stock. Integrated Wealth Concepts LLC bought a new stake in ZTO Express (Cayman) Inc. (NYSE:ZTO) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,221 shares of the transportation company’s stock, valued at approximately $421,000. 41.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. HSBC upgraded shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Monday, April 14th. StockNews.com raised shares of ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Wednesday, March 26th. Hsbc Global Res raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. cut shares of ZTO Express (Cayman) from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $25.00 to $23.00 in a report on Thursday, March 20th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.28.

ZTO Express (Cayman) Company Profile

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.