ZTO Express (Cayman) (NYSE:ZTO) Posts Quarterly Earnings Results, Misses Expectations By $2.56 EPS

Key Points

• ZTO Express (Cayman) reported earnings of $0.34 per share, significantly missing analysts' estimates of $2.90 by $2.56.
• The stock price dropped to $19.75, with a market cap of $11.82 billion and a PE ratio of 12.50.
• Analyst ratings have varied, with JPMorgan moving the stock rating to "overweight" but lowering the target price to $21.00, while other firms have cut their ratings or price targets.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) announced its earnings results on Tuesday. The transportation company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.90 by ($2.56), Zacks reports. ZTO Express (Cayman) had a return on equity of 15.91% and a net margin of 20.77%.

ZTO Express (Cayman) Stock Performance

Shares of NYSE ZTO traded down $0.4630 during trading on Tuesday, reaching $19.7470. The company had a trading volume of 3,414,251 shares, compared to its average volume of 2,546,656. The stock has a market cap of $11.82 billion, a PE ratio of 12.50, a PEG ratio of 3.02 and a beta of -0.18. ZTO Express has a 52 week low of $16.34 and a 52 week high of $27.50. The business's 50 day moving average price is $18.77 and its 200-day moving average price is $18.89.

Institutional Trading of ZTO Express (Cayman)

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its stake in ZTO Express (Cayman) by 61.4% in the second quarter. Smartleaf Asset Management LLC now owns 2,021 shares of the transportation company's stock worth $36,000 after acquiring an additional 769 shares during the period. EverSource Wealth Advisors LLC boosted its position in ZTO Express (Cayman) by 156.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,489 shares of the transportation company's stock worth $62,000 after purchasing an additional 2,127 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of ZTO Express (Cayman) during the 2nd quarter valued at about $190,000. Integrated Wealth Concepts LLC bought a new stake in ZTO Express (Cayman) during the 1st quarter valued at approximately $421,000. Finally, Sei Investments Co. increased its stake in ZTO Express (Cayman) by 76.4% in the 2nd quarter. Sei Investments Co. now owns 27,983 shares of the transportation company's stock worth $497,000 after acquiring an additional 12,120 shares during the last quarter. Institutional investors own 41.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ZTO. JPMorgan Chase & Co. raised ZTO Express (Cayman) from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $23.00 to $21.00 in a research note on Thursday, May 29th. Bank of America cut ZTO Express (Cayman) from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $24.00 to $19.00 in a report on Thursday, May 22nd. Wall Street Zen cut ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Citigroup decreased their target price on ZTO Express (Cayman) from $26.40 to $22.60 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Finally, Morgan Stanley set a $24.20 target price on ZTO Express (Cayman) in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $21.76.

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. 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.

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