ZTO Express (Cayman) (NYSE:ZTO) posted its quarterly earnings results on Wednesday. The transportation company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02, Morningstar.com reports. ZTO Express (Cayman) had a return on equity of 15.45% and a net margin of 26.08%. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the company earned $1.00 EPS. The business’s revenue was up 34.7% compared to the same quarter last year.

Shares of ZTO traded up $0.63 during midday trading on Thursday, reaching $16.71. 158,421 shares of the stock were exchanged, compared to its average volume of 2,562,408. ZTO Express has a 52 week low of $14.51 and a 52 week high of $22.67. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 24.39 and a beta of 0.28.

A number of equities analysts have recently issued reports on ZTO shares. Zacks Investment Research raised ZTO Express (Cayman) from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. ValuEngine downgraded ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. JPMorgan Chase & Co. dropped their price target on ZTO Express (Cayman) from $23.50 to $23.00 and set an “overweight” rating on the stock in a research report on Friday, August 10th. Finally, TheStreet raised ZTO Express (Cayman) from a “c” rating to a “b-” rating in a research report on Thursday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.50.

Hedge funds have recently modified their holdings of the stock. Cornerstone Wealth Management LLC bought a new stake in ZTO Express (Cayman) during the third quarter valued at about $275,000. Truvestments Capital LLC bought a new stake in ZTO Express (Cayman) during the third quarter valued at about $114,000. Intellectus Partners LLC bought a new stake in ZTO Express (Cayman) during the third quarter valued at about $116,000. Financial Counselors Inc. bought a new stake in ZTO Express (Cayman) during the third quarter valued at about $169,000. Finally, Commonwealth Equity Services LLC bought a new stake in ZTO Express (Cayman) during the second quarter valued at about $205,000. 31.22% of the stock is currently owned by institutional investors.

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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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Earnings History for ZTO Express (Cayman) (NYSE:ZTO)

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