Zacks: Analysts Anticipate ZTO Express (Cayman) Inc. (NYSE:ZTO) Will Announce Earnings of $0.27 Per Share

Equities research analysts expect ZTO Express (Cayman) Inc. (NYSE:ZTOGet Rating) to announce earnings of $0.27 per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for ZTO Express (Cayman)’s earnings. ZTO Express (Cayman) posted earnings per share of $0.24 in the same quarter last year, which indicates a positive year-over-year growth rate of 12.5%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that ZTO Express (Cayman) will report full-year earnings of $1.13 per share for the current year. For the next financial year, analysts forecast that the business will report earnings of $1.46 per share, with EPS estimates ranging from $1.35 to $1.56. Zacks’ earnings per share averages are an average based on a survey of research firms that follow ZTO Express (Cayman).

ZTO Express (Cayman) (NYSE:ZTOGet Rating) last issued its earnings results on Wednesday, March 16th. The transportation company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. ZTO Express (Cayman) had a net margin of 16.09% and a return on equity of 10.95%. The company had revenue of $1.45 billion for the quarter.

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

ZTO Express (Cayman) stock traded down $0.92 during trading on Thursday, reaching $26.09. The stock had a trading volume of 2,064,626 shares, compared to its average volume of 3,229,075. The stock has a market cap of $15.75 billion and a PE ratio of 26.62. ZTO Express has a 52-week low of $19.72 and a 52-week high of $34.82. The business has a 50 day moving average price of $25.73 and a 200 day moving average price of $27.62.

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

Several hedge funds have recently made changes to their positions in ZTO. The Manufacturers Life Insurance Company lifted its holdings in shares of ZTO Express (Cayman) by 8.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 78,500 shares of the transportation company’s stock worth $2,407,000 after acquiring an additional 6,100 shares during the period. Macquarie Group Ltd. increased its position in ZTO Express (Cayman) by 8.5% during the 3rd quarter. Macquarie Group Ltd. now owns 52,043 shares of the transportation company’s stock worth $1,595,000 after purchasing an additional 4,058 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in ZTO Express (Cayman) during the 3rd quarter worth approximately $253,000. Franklin Resources Inc. increased its position in ZTO Express (Cayman) by 84.2% during the 3rd quarter. Franklin Resources Inc. now owns 42,881 shares of the transportation company’s stock worth $1,314,000 after purchasing an additional 19,603 shares in the last quarter. Finally, Balyasny Asset Management LLC increased its position 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 worth $14,301,000 after purchasing an additional 149,005 shares in the last quarter. Institutional investors and hedge funds own 34.37% of the company’s stock.

About ZTO Express (Cayman) (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, 2021, it operated a fleet of approximately 10,900 trucks.

Featured Stories

Get a free copy of the Zacks research report on ZTO Express (Cayman) (ZTO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ZTO Express (Cayman) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZTO Express (Cayman) and related companies with MarketBeat.com's FREE daily email newsletter.