ZTO Express (Cayman) (NYSE:ZTO) Releases Earnings Results, Beats Expectations By $0.02 EPS

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

ZTO Express (Cayman) Trading Up 7.9 %

ZTO opened at $28.00 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.59 and a quick ratio of 1.58. The company’s 50 day simple moving average is $27.00 and its two-hundred day simple moving average is $25.02. ZTO Express has a 1-year low of $16.27 and a 1-year high of $29.79. The firm has a market capitalization of $17.38 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 0.93 and a beta of 0.02.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ZTO. Captrust Financial Advisors purchased a new position in ZTO Express (Cayman) in the 2nd quarter worth approximately $36,000. Advisor Group Holdings Inc. lifted its stake in ZTO Express (Cayman) by 26.2% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,248 shares of the transportation company’s stock worth $61,000 after purchasing an additional 466 shares in the last quarter. Quantbot Technologies LP purchased a new position in ZTO Express (Cayman) in the 2nd quarter worth approximately $132,000. 1832 Asset Management L.P. purchased a new position in ZTO Express (Cayman) in the 4th quarter worth approximately $140,000. Finally, Eaton Vance Management lifted its stake in 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 worth $221,000 after purchasing an additional 8,789 shares in the last quarter. 40.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

ZTO Express (Cayman) Company Profile

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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.