$0.22 EPS Expected for ZTO Express (Cayman) Inc (NYSE:ZTO) This Quarter

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Equities analysts expect ZTO Express (Cayman) Inc (NYSE:ZTO) to post $0.22 earnings 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) reported earnings of $0.24 per share during the same quarter last year, which suggests a negative year over year growth rate of 8.3%. The business is expected to report its next quarterly earnings report on Monday, November 16th.

On average, analysts expect that ZTO Express (Cayman) will report full-year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.98 to $1.00. For the next fiscal year, analysts forecast that the firm will post earnings of $1.31 per share, with EPS estimates ranging from $1.30 to $1.32. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow ZTO Express (Cayman).

ZTO Express (Cayman) (NYSE:ZTO) last issued its quarterly earnings data on Wednesday, August 12th. The transportation company reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $1.57. ZTO Express (Cayman) had a net margin of 24.38% and a return on equity of 13.35%.

A number of research firms have commented on ZTO. Bank of America downgraded shares of ZTO Express (Cayman) from a “buy” rating to a “neutral” rating in a research report on Thursday, May 21st. ValuEngine downgraded shares of ZTO Express (Cayman) from a “hold” rating to a “sell” rating in a report on Thursday, July 30th. Daiwa Capital Markets downgraded shares of ZTO Express (Cayman) to a “hold” rating in a report on Friday, May 22nd. HSBC upgraded shares of ZTO Express (Cayman) from a “reduce” rating to a “hold” rating and set a $30.00 target price on the stock in a report on Friday, May 22nd. Finally, BOCOM International upgraded shares of ZTO Express (Cayman) from a “neutral” rating to a “buy” rating in a report on Monday, July 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $28.33.

Shares of ZTO stock remained flat at $$33.27 during midday trading on Tuesday. 2,339,800 shares of the company’s stock were exchanged, compared to its average volume of 3,078,276. ZTO Express has a one year low of $19.84 and a one year high of $38.99. The stock has a market capitalization of $19.28 billion, a P/E ratio of 36.16, a P/E/G ratio of 2.31 and a beta of 0.26. The business has a 50 day simple moving average of $34.90 and a 200 day simple moving average of $31.42.

Several institutional investors have recently added to or reduced their stakes in ZTO. FDx Advisors Inc. purchased a new position in shares of ZTO Express (Cayman) in the first quarter worth approximately $30,261,000. Bank of America Corp DE increased its position in shares of ZTO Express (Cayman) by 415.2% in the second quarter. Bank of America Corp DE now owns 8,077,158 shares of the transportation company’s stock worth $296,513,000 after acquiring an additional 6,509,502 shares in the last quarter. California Public Employees Retirement System increased its position in shares of ZTO Express (Cayman) by 249.4% in the second quarter. California Public Employees Retirement System now owns 3,199,598 shares of the transportation company’s stock worth $117,457,000 after acquiring an additional 2,283,754 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of ZTO Express (Cayman) by 146.3% in the second quarter. Goldman Sachs Group Inc. now owns 3,095,089 shares of the transportation company’s stock worth $113,621,000 after acquiring an additional 1,838,542 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of ZTO Express (Cayman) by 894.9% in the second quarter. Canada Pension Plan Investment Board now owns 1,517,474 shares of the transportation company’s stock worth $55,706,000 after acquiring an additional 1,364,955 shares in the last quarter. 38.19% of the stock is currently owned by institutional investors and hedge funds.

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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