ZTO Express (Cayman) Inc. (NYSE:ZTO) Announces Semi-annual Dividend of $0.35

ZTO Express (Cayman) Inc. (NYSE:ZTO - Get Free Report) announced a semi-annual dividend on Tuesday, March 18th, Wall Street Journal reports. Stockholders of record on Thursday, April 10th will be paid a dividend of 0.35 per share by the transportation company on Tuesday, April 29th. This represents a dividend yield of 4.7%. The ex-dividend date is Thursday, April 10th.

ZTO Express (Cayman) has a payout ratio of 36.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ZTO Express (Cayman) to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 40.9%.

ZTO Express (Cayman) Price Performance

Shares of ZTO Express (Cayman) stock traded down $0.06 during midday trading on Monday, reaching $20.00. The company had a trading volume of 1,563,480 shares, compared to its average volume of 3,012,531. The stock has a fifty day moving average price of $19.55 and a 200 day moving average price of $20.96. ZTO Express has a fifty-two week low of $17.89 and a fifty-two week high of $27.50. The firm has a market cap of $12.08 billion, a PE ratio of 13.79, a P/E/G ratio of 1.03 and a beta of -0.13.

ZTO Express (Cayman) (NYSE:ZTO - Get Free Report) last released its earnings results on Tuesday, March 18th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). ZTO Express (Cayman) had a net margin of 20.56% and a return on equity of 15.44%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $11.73 billion. As a group, sell-side analysts forecast that ZTO Express will post 1.57 EPS for the current year.

Remove Ads

Analysts Set New Price Targets

Several brokerages have recently commented on ZTO. StockNews.com downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Hsbc Global Res downgraded ZTO Express (Cayman) from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. cut shares of ZTO Express (Cayman) from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $25.00 to $23.00 in a report on Thursday. Finally, HSBC downgraded shares of ZTO Express (Cayman) from a "buy" rating to a "hold" rating and lowered their price target for the stock from $28.00 to $20.00 in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $22.78.

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.