ZTO Express (Cayman) Inc (ZTO) Increases Dividend to $0.24 Per Share

ZTO Express (Cayman) Inc (NYSE:ZTO) announced a special dividend on Monday, March 18th, Wall Street Journal reports. Investors of record on Monday, April 1st will be given a dividend of 0.24 per share by the transportation company on Monday, April 8th. The ex-dividend date is Friday, March 29th. This is a boost from ZTO Express (Cayman)’s previous special dividend of $0.20.

Shares of ZTO traded down $0.21 during mid-day trading on Monday, hitting $19.31. The company had a trading volume of 2,133,942 shares, compared to its average volume of 3,458,639. ZTO Express has a 1-year low of $14.69 and a 1-year high of $22.67. The stock has a market capitalization of $9.90 billion, a PE ratio of 25.08 and a beta of 0.67.

ZTO Express (Cayman) (NYSE:ZTO) last released its earnings results on Tuesday, March 12th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. ZTO Express (Cayman) had a net margin of 24.82% and a return on equity of 13.32%. The business had revenue of $818.49 million for the quarter. On average, research analysts expect that ZTO Express will post 0.96 earnings per share for the current year.

Separately, Zacks Investment Research raised shares of ZTO Express (Cayman) from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Saturday, February 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $21.50.

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About ZTO Express (Cayman)

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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