Brokerages Expect ZTO Express (Cayman) Inc. (NYSE:ZTO) Will Post Earnings of $0.23 Per Share

Wall Street analysts forecast that ZTO Express (Cayman) Inc. (NYSE:ZTO – Get Rating) will report earnings per share of $0.23 for the current quarter, according to Zacks. Zero analysts have made estimates for ZTO Express (Cayman)’s earnings. ZTO Express (Cayman) reported earnings per share of $0.14 in the same quarter last year, which suggests a positive year over year growth rate of 64.3%. The company is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that ZTO Express (Cayman) will report full-year earnings of $1.22 per share for the current year, with EPS estimates ranging from $1.17 to $1.26. For the next fiscal year, analysts expect that the firm will post earnings of $1.53 per share, with EPS estimates ranging from $1.42 to $1.63. Zacks’ EPS averages are an average based on a survey of analysts that cover ZTO Express (Cayman).

ZTO Express (Cayman) (NYSE:ZTO – Get Rating) last released its earnings results on Wednesday, March 16th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The business had revenue of $1.45 billion for the quarter. ZTO Express (Cayman) had a net margin of 15.68% and a return on equity of 10.38%.

Several analysts have recently commented on the company. StockNews.com initiated coverage on ZTO Express (Cayman) in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of ZTO Express (Cayman) from a “hold” rating to a “sell” rating and set a $31.00 price objective for the company. in a research note on Friday, January 21st. Finally, Citigroup dropped their price objective on shares of ZTO Express (Cayman) from $40.90 to $39.60 and set a “buy” rating on the stock in a report on Friday, March 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.70.

Several institutional investors and hedge funds have recently bought and sold shares of ZTO. Calixto Global Investors LP bought a new position in shares of ZTO Express (Cayman) during the third quarter valued at approximately $16,146,000. Tiger Pacific Capital LP boosted its position in shares of ZTO Express (Cayman) by 416.3% during the third quarter. Tiger Pacific Capital LP now owns 2,855,415 shares of the transportation company’s stock valued at $87,547,000 after buying an additional 2,302,312 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in ZTO Express (Cayman) in the 3rd quarter worth about $10,043,000. Balyasny Asset Management LLC lifted its stake in ZTO Express (Cayman) by 46.9% during the 3rd quarter. Balyasny Asset Management LLC now owns 466,441 shares of the transportation company’s stock valued at $14,301,000 after acquiring an additional 149,005 shares during the period. Finally, Hidden Lake Asset Management LP purchased a new stake in shares of ZTO Express (Cayman) during the 3rd quarter valued at about $36,061,000. Hedge funds and other institutional investors own 34.37% of the company’s stock.

Shares of ZTO opened at $27.51 on Friday. ZTO Express has a 1 year low of $19.72 and a 1 year high of $34.82. The firm has a fifty day moving average of $26.04 and a 200-day moving average of $28.40. The company has a market cap of $17.08 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 1.19 and a beta of 0.07.

The company also recently declared a — dividend, which was paid on Tuesday, April 26th. Stockholders of record on Friday, April 8th were paid a dividend of $0.25 per share. This is an increase from ZTO Express (Cayman)’s previous — dividend of $0.24. The ex-dividend date was Thursday, April 7th.

ZTO Express (Cayman) Company Profile (Get Rating)

ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2019, it operated a fleet of approximately 6,450 self-owned trucks.

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