ZTO Express (Cayman) (NYSE:ZTO) Issues Quarterly Earnings Results
ZTO Express (Cayman) (NYSE:ZTO) announced its quarterly earnings results, reporting $0.43 earnings per share, missing analysts' estimates of $2.51. The company had a net margin of 18.83% and a return on equity of 14.44%. The stock traded at $19.01 with a market cap of $11.37 billion. Institutional investors have adjusted their stakes in the company. Analysts have given the stock a 'Moderate Buy' rating with a consensus target price of $22.36.
ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) released its quarterly earnings data on Wednesday. The transportation company reported $0.43 EPS for the quarter, missing the consensus estimate of $2.51 by ($2.08), Zacks reports. ZTO Express (Cayman) had a net margin of 18.83% and a return on equity of 14.44%.
Get ZTO Express (Cayman) alerts:
ZTO Express (Cayman) Price Performance
- 3 must-own China stocks for the Year of the Dragon
Shares of ZTO stock traded up $0.08 on Wednesday, hitting $19.01. The stock had a trading volume of 1,258,241 shares, compared to its average volume of 2,271,145. The business has a 50 day moving average of $19.01 and a 200 day moving average of $18.69. ZTO Express has a 12-month low of $16.34 and a 12-month high of $22.01. The stock has a market cap of $11.37 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 7.37 and a beta of -0.20.
Institutional Investors Weigh In On ZTO Express (Cayman)
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in shares of ZTO Express (Cayman) by 61.4% during the second quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company's stock valued at $36,000 after purchasing an additional 769 shares in the last quarter. Orion Porfolio Solutions LLC raised its holdings in ZTO Express (Cayman) by 7.8% in the third quarter. Orion Porfolio Solutions LLC now owns 14,617 shares of the transportation company's stock worth $281,000 after purchasing an additional 1,053 shares in the last quarter. Captrust Financial Advisors lifted its position in ZTO Express (Cayman) by 3.8% during the second quarter. Captrust Financial Advisors now owns 32,424 shares of the transportation company's stock valued at $576,000 after buying an additional 1,177 shares during the period. Parallel Advisors LLC boosted its holdings in shares of ZTO Express (Cayman) by 74.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,668 shares of the transportation company's stock valued at $70,000 after buying an additional 1,563 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of ZTO Express (Cayman) by 156.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company's stock valued at $62,000 after buying an additional 2,127 shares in the last quarter. Hedge funds and other institutional investors own 41.65% of the company's stock.
Wall Street Analyst Weigh In
- Alibaba Just Changed The Game For Chinese Tech Conglomerates
Several research firms recently issued reports on ZTO. Weiss Ratings reissued a "hold (c)" rating on shares of ZTO Express (Cayman) in a research report on Wednesday, October 8th. Bank of America boosted their target price on shares of ZTO Express (Cayman) from $19.00 to $22.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Finally, Zacks Research raised shares of ZTO Express (Cayman) from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, ZTO Express (Cayman) has an average rating of "Moderate Buy" and a consensus target price of $22.36.
Read Our Latest Stock Report on ZTO
ZTO Express (Cayman) Company Profile
(Get Free Report)ZTO Express (Cayman) Inc provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.
Recommended Stories
- Five stocks we like better than ZTO Express (Cayman)
- What does consumer price index measure?
- HIMS Has Been a Roller Coaster Ride. Should Investors Hop On?
- Upcoming IPO Stock Lockup Period, Explained
- End the Year Strong With These 3 Comeback Champions
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Down 45% Year-to-Date, Novo Nordisk Ignites a Price War
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in ZTO Express (Cayman) Right Now?
Before you consider ZTO Express (Cayman), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ZTO Express (Cayman) wasn't on the list.
While ZTO Express (Cayman) currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
