Analysts Anticipate ZTO Express (Cayman) Inc (NYSE:ZTO) to Announce $0.28 EPS

Analysts expect ZTO Express (Cayman) Inc (NYSE:ZTO) to announce earnings per share (EPS) of $0.28 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for ZTO Express (Cayman)’s earnings. ZTO Express (Cayman) posted earnings of $0.24 per share in the same quarter last year, which would suggest a positive year over year growth rate of 16.7%. The business is scheduled to issue its next quarterly earnings report on Tuesday, March 10th.

According to Zacks, analysts expect that ZTO Express (Cayman) will report full year earnings of $0.93 per share for the current fiscal year, with EPS estimates ranging from $0.90 to $0.95. For the next financial year, analysts forecast that the business will post earnings of $1.12 per share, with EPS estimates ranging from $1.10 to $1.15. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover ZTO Express (Cayman).

A number of research analysts have recently commented on ZTO shares. ValuEngine lowered shares of ZTO Express (Cayman) from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Zacks Investment Research raised shares of ZTO Express (Cayman) from a “sell” rating to a “hold” rating and set a $23.00 price objective for the company in a report on Friday, September 20th.

Shares of ZTO traded up $0.11 during mid-day trading on Monday, reaching $20.92. 1,208,872 shares of the stock traded hands, compared to its average volume of 2,777,948. The firm has a fifty day moving average price of $21.59 and a 200 day moving average price of $20.14. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 27.17 and a beta of 0.77. The company has a current ratio of 3.56, a quick ratio of 3.55 and a debt-to-equity ratio of 0.01. ZTO Express has a 1 year low of $15.30 and a 1 year high of $23.12.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC lifted its holdings in shares of ZTO Express (Cayman) by 1,034.3% during the 3rd quarter. Millennium Management LLC now owns 584,846 shares of the transportation company’s stock worth $12,474,000 after acquiring an additional 647,446 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in shares of ZTO Express (Cayman) during the 3rd quarter worth $4,215,000. Andra AP fonden lifted its holdings in shares of ZTO Express (Cayman) by 99.9% during the 3rd quarter. Andra AP fonden now owns 197,300 shares of the transportation company’s stock worth $4,208,000 after acquiring an additional 98,600 shares during the last quarter. State Street Corp lifted its stake in ZTO Express (Cayman) by 0.7% in the third quarter. State Street Corp now owns 6,546,312 shares of the transportation company’s stock worth $139,633,000 after purchasing an additional 43,601 shares during the last quarter. Finally, Voya Financial Advisors Inc. lifted its stake in ZTO Express (Cayman) by 6.4% in the third quarter. Voya Financial Advisors Inc. now owns 11,032 shares of the transportation company’s stock worth $227,000 after purchasing an additional 660 shares during the last quarter. 39.40% of the stock is owned by institutional investors.

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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