ZTO Express (Cayman) Inc (ZTO) Expected to Post Earnings of $0.19 Per Share

Wall Street analysts expect that ZTO Express (Cayman) Inc (NYSE:ZTO) will report earnings per share of $0.19 for the current quarter, Zacks reports. Zero analysts have provided estimates for ZTO Express (Cayman)’s earnings. ZTO Express (Cayman) posted earnings of $0.16 per share in the same quarter last year, which indicates a positive year over year growth rate of 18.8%. The business is expected to issue its next earnings report after the market closes on Wednesday, May 15th.

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

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. The firm had revenue of $818.49 million during the quarter. ZTO Express (Cayman) had a net margin of 24.82% and a return on equity of 13.32%.

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

Shares of ZTO Express (Cayman) stock traded up $0.20 during trading on Wednesday, hitting $19.52. The stock had a trading volume of 1,130,026 shares, compared to its average volume of 3,407,315. The firm has a market capitalization of $9.80 billion, a PE ratio of 25.35 and a beta of 0.67. ZTO Express has a 12 month low of $14.69 and a 12 month high of $22.67.

The business also recently disclosed a special dividend, which was paid on Monday, April 8th. Investors of record on Monday, April 1st were issued a dividend of $0.24 per share. This is a positive change from ZTO Express (Cayman)’s previous special dividend of $0.20. The ex-dividend date of this dividend was Friday, March 29th.

A number of institutional investors and hedge funds have recently made changes to their positions in ZTO. Norges Bank bought a new stake in ZTO Express (Cayman) during the 4th quarter valued at about $59,262,000. Vanguard Group Inc increased its position in ZTO Express (Cayman) by 15.0% during the 3rd quarter. Vanguard Group Inc now owns 10,598,894 shares of the transportation company’s stock valued at $175,623,000 after purchasing an additional 1,379,240 shares during the period. Vanguard Group Inc. increased its position in ZTO Express (Cayman) by 15.0% during the 3rd quarter. Vanguard Group Inc. now owns 10,598,894 shares of the transportation company’s stock valued at $175,623,000 after purchasing an additional 1,379,240 shares during the period. Segantii Capital Management Ltd purchased a new position in ZTO Express (Cayman) during the 1st quarter valued at about $21,607,000. Finally, TB Alternative Assets Ltd. purchased a new position in ZTO Express (Cayman) during the 4th quarter valued at about $12,097,000. Institutional investors own 35.81% of the company’s stock.

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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