ZTO Express (Cayman) (NYSE:ZTO) Shares Gap Up After Dividend Announcement

Posted by Defense World Staff on Mar 18th, 2023

ZTO Express (Cayman) Inc. (NYSE:ZTO – Get Rating) shares gapped up prior to trading on Friday following a dividend announcement from the company. The stock had previously closed at $28.00, but opened at $28.58. ZTO Express (Cayman) shares last traded at $28.60, with a volume of 657,875 shares.

The newly announced dividend which will be paid on Friday, April 28th. Shareholders of record on Thursday, April 6th will be paid a dividend of $0.37 per share. The ex-dividend date is Wednesday, April 5th. This is a positive change from ZTO Express (Cayman)’s previous — dividend of $0.25.

Wall Street Analyst Weigh In

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

ZTO Express (Cayman) Trading Up 1.6 %

The business has a 50 day simple moving average of $27.02 and a two-hundred day simple moving average of $25.04. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 0.13. The stock has a market cap of $17.66 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 0.93 and a beta of 0.02.

ZTO Express (Cayman) (NYSE:ZTO – Get Rating) last issued its quarterly earnings data on Wednesday, March 15th. The transportation company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. 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 during the quarter, compared to analyst estimates of $10.01 billion. During the same quarter last year, the firm earned $0.34 EPS. ZTO Express (Cayman)’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities analysts anticipate that ZTO Express will post 1.4 EPS for the current year.

Institutional Investors Weigh In On ZTO Express (Cayman)

A number of hedge funds have recently bought and sold shares of the business. OLD Mission Capital LLC lifted its holdings in ZTO Express (Cayman) by 264.9% during the 4th quarter. OLD Mission Capital LLC now owns 298,919 shares of the transportation company’s stock worth $8,032,000 after buying an additional 217,008 shares during the last quarter. Voya Investment Management LLC lifted its holdings in ZTO Express (Cayman) by 1.3% during the 4th quarter. Voya Investment Management LLC now owns 58,803 shares of the transportation company’s stock worth $1,580,000 after buying an additional 770 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in ZTO Express (Cayman) by 7.4% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 650,170 shares of the transportation company’s stock worth $17,470,000 after buying an additional 45,000 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in ZTO Express (Cayman) by 75.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 140,296 shares of the transportation company’s stock worth $3,769,000 after buying an additional 60,400 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in ZTO Express (Cayman) by 11.7% during the 4th quarter. Lazard Asset Management LLC now owns 1,544,046 shares of the transportation company’s stock worth $41,488,000 after buying an additional 161,719 shares during the last quarter. Institutional investors and hedge funds own 40.56% of the company’s stock.

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.