Zacks Research Equities Analysts Increase Earnings Estimates for ZTO Express (Cayman) Inc. (NYSE:ZTO)

Posted by Defense World Staff on Oct 9th, 2023

ZTO Express (Cayman) Inc. (NYSE:ZTO – Free Report) – Equities research analysts at Zacks Research increased their FY2023 EPS estimates for ZTO Express (Cayman) in a report released on Thursday, October 5th. Zacks Research analyst S. Goswami now expects that the transportation company will post earnings of $1.48 per share for the year, up from their prior forecast of $1.46. The consensus estimate for ZTO Express (Cayman)’s current full-year earnings is $1.50 per share. Zacks Research also issued estimates for ZTO Express (Cayman)’s FY2024 earnings at $1.70 EPS, Q1 2025 earnings at $0.44 EPS and FY2025 earnings at $2.17 EPS.

ZTO Express (Cayman) (NYSE:ZTO – Get Free Report) last posted its quarterly earnings data on Tuesday, August 29th. The transportation company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. ZTO Express (Cayman) had a net margin of 22.08% and a return on equity of 15.21%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.41 billion.

A number of other analysts have also issued reports on the stock. TheStreet lowered shares of ZTO Express (Cayman) from a “b-” rating to a “c+” rating in a research note on Tuesday, September 12th. Sanford C. Bernstein lowered their target price on shares of ZTO Express (Cayman) from $36.00 to $31.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. StockNews.com lowered shares of ZTO Express (Cayman) from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Citigroup lowered their target price on shares of ZTO Express (Cayman) from $36.50 to $30.00 in a research note on Wednesday, August 30th. Finally, Bank of America lowered their target price on shares of ZTO Express (Cayman) from $39.00 to $34.00 in a research note on Wednesday, August 30th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, ZTO Express (Cayman) presently has a consensus rating of “Moderate Buy” and an average target price of $34.60.

Read Our Latest Stock Analysis on ZTO Express (Cayman)

ZTO Express (Cayman) Stock Up 3.1 %

Shares of ZTO opened at $24.61 on Monday. The firm has a market capitalization of $14.99 billion, a P/E ratio of 17.21, a P/E/G ratio of 0.88 and a beta of 0.07. ZTO Express has a 12-month low of $16.27 and a 12-month high of $30.05. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average price of $24.97 and a 200-day moving average price of $26.50.

Institutional Trading of ZTO Express (Cayman)

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in ZTO Express (Cayman) by 10.0% during the first quarter. BlackRock Inc. now owns 19,764,920 shares of the transportation company’s stock worth $566,463,000 after buying an additional 1,796,713 shares during the period. Capital Research Global Investors lifted its holdings in ZTO Express (Cayman) by 0.5% during the second quarter. Capital Research Global Investors now owns 11,104,648 shares of the transportation company’s stock worth $278,513,000 after buying an additional 60,080 shares during the period. Green Court Capital Management Ltd lifted its holdings in ZTO Express (Cayman) by 1.0% during the first quarter. Green Court Capital Management Ltd now owns 10,358,695 shares of the transportation company’s stock worth $296,880,000 after buying an additional 104,680 shares during the period. JPMorgan Chase & Co. lifted its holdings in ZTO Express (Cayman) by 164.7% during the second quarter. JPMorgan Chase & Co. now owns 7,164,746 shares of the transportation company’s stock worth $179,692,000 after buying an additional 4,457,822 shares during the period. Finally, State Street Corp lifted its holdings in ZTO Express (Cayman) by 0.9% during the first quarter. State Street Corp now owns 6,877,188 shares of the transportation company’s stock worth $197,100,000 after buying an additional 59,101 shares during the period. Hedge funds and other institutional investors own 41.68% of the company’s stock.

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.