ZTO Express (Cayman) (NYSE:ZTO) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

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

ZTO Express (Cayman) Trading Up 0.9%

Shares of ZTO stock traded up $0.20 during mid-day trading on Tuesday, hitting $23.11. The company’s stock had a trading volume of 1,503,921 shares, compared to its average volume of 1,831,369. The company’s fifty day simple moving average is $23.23 and its 200-day simple moving average is $23.82. ZTO Express has a 52 week low of $17.74 and a 52 week high of $26.20. The company has a market cap of $12.88 billion, a PE ratio of 14.17, a P/E/G ratio of 0.87 and a beta of -0.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.64.

Institutional Investors Weigh In On ZTO Express (Cayman)

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP acquired a new position in shares of ZTO Express (Cayman) during the fourth quarter valued at about $2,691,000. Millennium Management LLC increased its position in ZTO Express (Cayman) by 765.7% in the 4th quarter. Millennium Management LLC now owns 143,160 shares of the transportation company’s stock valued at $2,991,000 after buying an additional 126,624 shares in the last quarter. Squarepoint Ops LLC increased its position in ZTO Express (Cayman) by 462.0% in the 4th quarter. Squarepoint Ops LLC now owns 82,176 shares of the transportation company’s stock valued at $1,717,000 after buying an additional 104,876 shares in the last quarter. Mackenzie Financial Corp raised its stake in ZTO Express (Cayman) by 24.2% during the 4th quarter. Mackenzie Financial Corp now owns 446,411 shares of the transportation company’s stock worth $9,405,000 after buying an additional 87,087 shares during the period. Finally, SIH Partners LLLP raised its stake in ZTO Express (Cayman) by 23.5% during the 3rd quarter. SIH Partners LLLP now owns 438,050 shares of the transportation company’s stock worth $8,411,000 after buying an additional 83,450 shares during the period. 41.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on ZTO shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $30.10 price objective on shares of ZTO Express (Cayman) in a research note on Wednesday, May 20th. Weiss Ratings cut shares of ZTO Express (Cayman) from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Finally, Zacks Research downgraded shares of ZTO Express (Cayman) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.