3-Dec-2024
No headlines found.
ZTO Reports Third Quarter 2024 Unaudited Financial Results
PRNewswire (Tue, 19-Nov 5:00 PM ET)
ZTO to Announce Third Quarter Financial Results of 2024 on November 19, 2024 U.S. Eastern Time
PRNewswire (Tue, 22-Oct 4:30 AM ET)
ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 77% voting rights as of June 30, 2023. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 11.7% interest.
Zto Express (Cayman) American Depositary Shares Each Representing One Class A Ordinary Share. trades on the NYSE stock market under the symbol ZTO.
As of December 3, 2024, ZTO stock price climbed to $19.01 with 3,183,007 million shares trading.
ZTO has a beta of 0.19, meaning it tends to be less sensitive to market movements. ZTO has a correlation of 0.00 to the broad based SPY ETF.
ZTO has a market cap of $15.29 billion. This is considered a Large Cap stock.
Last quarter Zto Express (Cayman) American Depositary Shares Each Representing One Class A Ordinary Share. reported $2 billion in Revenue and $.43 earnings per share. This beat revenue expectation by $41 million and exceeded earnings estimates by $.02.
In the last 3 years, ZTO traded as high as $32.45 and as low as $15.90.
The top ETF exchange traded funds that ZTO belongs to (by Net Assets): AVEM, SPEM, PGJ, FNDE, AVES.
ZTO has underperformed the market in the last year with a price return of -10.3% while the SPY ETF gained +33.1%. ZTO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.7% and -8.6%, respectively, while the SPY returned +7.4% and +2.7%, respectively.
ZTO support price is $18.59 and resistance is $19.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ZTO shares will trade within this expected range on the day.