Q2 2023 Earnings Estimate for ZTO Express (Cayman) Inc. (NYSE:ZTO) Issued By Zacks Research

Posted by on Jun 5th, 2023

ZTO Express (Cayman) Inc. (NYSE:ZTO – Get Rating) – Stock analysts at Zacks Research cut their Q2 2023 earnings per share estimates for ZTO Express (Cayman) in a research report issued to clients and investors on Wednesday, May 31st. Zacks Research analyst S. Goswami now anticipates that the transportation company will post earnings per share of $0.32 for the quarter, down from their previous estimate of $0.34. The consensus estimate for ZTO Express (Cayman)’s current full-year earnings is $1.43 per share. Zacks Research also issued estimates for ZTO Express (Cayman)’s Q3 2023 earnings at $0.32 EPS, Q4 2023 earnings at $0.40 EPS, FY2023 earnings at $1.33 EPS, Q1 2024 earnings at $0.35 EPS, Q2 2024 earnings at $0.40 EPS, Q3 2024 earnings at $0.45 EPS, Q4 2024 earnings at $0.44 EPS, FY2024 earnings at $1.65 EPS, Q1 2025 earnings at $0.41 EPS and FY2025 earnings at $2.10 EPS.

A number of other equities research analysts have also weighed in on the company. Bank of America lifted their target price on ZTO Express (Cayman) from $36.00 to $39.00 in a research report on Thursday, May 18th. StockNews.com upgraded ZTO Express (Cayman) from a “hold” rating to a “buy” rating in a research note on Friday, May 26th. HSBC boosted their target price on ZTO Express (Cayman) from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, March 17th. Finally, The Goldman Sachs Group raised ZTO Express (Cayman) from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $42.00 in a report on Monday, April 24th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $36.96.

ZTO Express (Cayman) Trading Up 2.2 %

Shares of NYSE ZTO opened at $26.35 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $28.04 and a two-hundred day simple moving average of $27.04. The firm has a market cap of $16.36 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.12 and a beta of 0.02. ZTO Express has a twelve month low of $16.27 and a twelve month high of $30.05.

ZTO Express (Cayman) (NYSE:ZTO – Get Rating) last announced its earnings results on Wednesday, March 15th. The transportation company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. ZTO Express (Cayman) had a return on equity of 14.25% and a net margin of 20.76%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.34 billion.

Institutional Investors Weigh In On ZTO Express (Cayman)

Institutional investors have recently modified their holdings of the company. Ronald Blue Trust Inc. lifted its holdings in shares of ZTO Express (Cayman) by 420.1% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,165 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 941 shares during the last quarter. Captrust Financial Advisors acquired a new position in ZTO Express (Cayman) during the 2nd quarter worth approximately $36,000. China Universal Asset Management Co. Ltd. purchased a new stake in shares of ZTO Express (Cayman) during the 4th quarter worth approximately $43,000. Advisor Group Holdings Inc. boosted its stake in shares of ZTO Express (Cayman) by 26.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,248 shares of the transportation company’s stock worth $61,000 after acquiring an additional 466 shares in the last quarter. Finally, CI Investments Inc. boosted its stake in shares of ZTO Express (Cayman) by 529.2% during the 4th quarter. CI Investments Inc. now owns 3,278 shares of the transportation company’s stock worth $88,000 after acquiring an additional 2,757 shares in the last quarter. 40.56% of the stock is owned by institutional investors and hedge funds.

ZTO Express (Cayman) Increases Dividend

The company also recently disclosed a — dividend, which was paid on Friday, April 28th. Stockholders of record on Thursday, April 6th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, April 5th. This is a boost from ZTO Express (Cayman)’s previous — dividend of $0.25.

About ZTO Express (Cayman)

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ZTO Express (Cayman), Inc engages in the provision of comprehensive logistics services. It offers express delivery and value-added logistics services through a nationwide network partner. The firm also provides digital, privacy waybill and cloud printing. It operates through the Express Delivery and Freight Forwarding segments.

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

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