$0.24 EPS Expected for ZTO Express (Cayman) Inc (ZTO) This Quarter

Brokerages expect that ZTO Express (Cayman) Inc (NYSE:ZTO) will post earnings of $0.24 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for ZTO Express (Cayman)’s earnings. ZTO Express (Cayman) posted earnings per share of $0.23 during the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The business is expected to announce its next earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that ZTO Express (Cayman) will report full year earnings of $0.96 per share for the current fiscal year, with EPS estimates ranging from $0.93 to $0.98. For the next year, analysts forecast that the company will post earnings of $1.17 per share, with EPS estimates ranging from $1.14 to $1.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for ZTO Express (Cayman).

ZTO Express (Cayman) (NYSE:ZTO) last released its quarterly earnings results on Wednesday, May 15th. The transportation company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). ZTO Express (Cayman) had a return on equity of 13.44% and a net margin of 24.23%. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.48 billion. During the same period last year, the firm earned $0.78 EPS. The business’s quarterly revenue was up 29.0% on a year-over-year basis.

Several equities research analysts recently issued reports on ZTO shares. UBS Group raised shares of ZTO Express (Cayman) from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 23rd. Zacks Investment Research raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a research note on Saturday, February 9th. Finally, TheStreet downgraded shares of ZTO Express (Cayman) from a “b+” rating to a “c” rating in a research note on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $21.50.

ZTO Express (Cayman) stock traded down $1.61 during midday trading on Friday, hitting $17.93. 3,432,994 shares of the stock were exchanged, compared to its average volume of 3,205,000. ZTO Express has a 1 year low of $14.69 and a 1 year high of $22.67. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 23.29 and a beta of 0.72.

A number of institutional investors have recently added to or reduced their stakes in ZTO. BlackRock Inc. increased its stake in ZTO Express (Cayman) by 3,986.0% during the 1st quarter. BlackRock Inc. now owns 14,713,798 shares of the transportation company’s stock worth $268,969,000 after buying an additional 14,353,692 shares during the period. Norges Bank bought a new stake in shares of ZTO Express (Cayman) in the 4th quarter worth about $59,262,000. Ward Ferry Management BVI Ltd bought a new stake in shares of ZTO Express (Cayman) in the 1st quarter worth about $41,375,000. TB Alternative Assets Ltd. increased its position in shares of ZTO Express (Cayman) by 253.5% in the 1st quarter. TB Alternative Assets Ltd. now owns 2,701,222 shares of the transportation company’s stock worth $49,378,000 after purchasing an additional 1,937,019 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of ZTO Express (Cayman) by 415.6% in the 1st quarter. Northern Trust Corp now owns 1,994,927 shares of the transportation company’s stock worth $36,468,000 after purchasing an additional 1,608,009 shares during the last quarter. 36.70% of the stock is currently owned by hedge funds and other institutional investors.

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. The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2017, it operated a fleet of approximately 3,600 self-owned trucks.

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