ZTO Express (Cayman) (NYSE:ZTO) Announces Earnings Results, Beats Estimates By $0.02 EPS

ZTO Express (Cayman) (NYSE:ZTO – Get Rating) issued its quarterly earnings results on Wednesday. The transportation company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02, Yahoo Finance reports. The company had revenue of $9.87 billion during the quarter, compared to the consensus estimate of $10.01 billion. ZTO Express (Cayman) had a net margin of 18.33% and a return on equity of 13.02%. ZTO Express (Cayman)’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 EPS.

ZTO Express (Cayman) Stock Up 2.5 %

Shares of ZTO opened at $28.70 on Friday. ZTO Express has a 12 month low of $16.27 and a 12 month high of $29.79. The stock has a market cap of $17.82 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 0.93 and a beta of 0.02. The company has a 50-day moving average price of $27.00 and a two-hundred day moving average price of $25.02. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 0.13.

Hedge Funds Weigh In On ZTO Express (Cayman)

Hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors acquired a new position in ZTO Express (Cayman) during the second quarter worth $36,000. Advisor Group Holdings Inc. increased its holdings in ZTO Express (Cayman) by 26.2% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,248 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 466 shares during the last quarter. Quantbot Technologies LP acquired a new position in ZTO Express (Cayman) in the second quarter valued at about $132,000. 1832 Asset Management L.P. acquired a new position in shares of ZTO Express (Cayman) during the 4th quarter worth about $140,000. Finally, Eaton Vance Management raised its position in shares of ZTO Express (Cayman) by 26,633.3% in the 1st quarter. Eaton Vance Management now owns 8,822 shares of the transportation company’s stock valued at $221,000 after acquiring an additional 8,789 shares during the period. Institutional investors own 40.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on ZTO shares. StockNews.com began coverage on shares of ZTO Express (Cayman) in a research note on Thursday. They set a “hold” rating for the company. Citigroup reduced their price objective on ZTO Express (Cayman) from $40.30 to $32.80 and set a “buy” rating for the company in a research report on Wednesday, November 23rd. TheStreet raised shares of ZTO Express (Cayman) from a “c+” rating to a “b-” rating in a research report on Thursday, December 29th. Finally, HSBC increased their price objective on ZTO Express (Cayman) from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.60.

About ZTO Express (Cayman)

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ZTO Express (Cayman), Inc provides comprehensive logistics services. It offers express delivery and value-added logistics services through a nationwide network partner. The firm also provides digital and privacy waybill and cloud printing. The company was founded by Mei Song Lai on May 8, 2002 and is headquartered in Shanghai, China.