ZTO Express Announces Share Repurchase Strategy

TipRanksDec 20 19:30

U.S. stocks moved丨ZTO Express fell more than 2.5% in pre-market trading after being downgraded in target price and earnings forecast by CICC.

Gelonghui, December 20 | ZTO Express (ZTO.US) fell 2.59% pre-market, reaching $19.21. According to reports, CICC released a research report indicating that ZTO Express's revenue in the third quarter was 10.675 billion yuan, an 18% year-on-year increase, gross profit was 3.335 billion yuan, a 23% year-on-year increase, and non-GAAP net profit was 2.387 billion yuan, a 2% year-on-year increase, in line with expectations. Considering potential changes in the competitive landscape next year, the firm lowered its earnings forecast for ZTO Express in 2025 by 9% to 10.791 billion yuan, maintaining an 'outperform industry' rating, and reducing the Target Price by 7% to $25.7. (Gelonghui)

Gelonghui FinanceDec 20 17:18 · Ratings

On December 19, ZTO EXPRESS-W (02057.HK) spent 19.6019 million USD to repurchase 0.983 million shares.

Glory Exchange, December 20 - ZTO EXPRESS-W (02057.HK) announced that on December 19, 2024, it spent 19.6019 million USD to repurchase 0.983 million shares, with a repurchase price of 19.6-20 USD per share.

Gelonghui FinanceDec 20 12:03

On December 18, ZTO EXPRESS-W (02057.HK) spent $19.6172 million to repurchase 0.983 million shares.

Glory Exchange reported on December 19 that ZTO EXPRESS-W (02057.HK) announced that on December 18, 2024, it spent 19.6172 million USD to repurchase 0.983 million shares at a price of 19.77-20 USD per share.

Gelonghui FinanceDec 19 12:09

J.P. Morgan Maintains ZTO Express(ZTO.US) With Buy Rating, Cuts Target Price to $25

Futu NewsDec 19 01:31 · Ratings

J.P. Morgan Initiates ZTO Express(ZTO.US) With Buy Rating, Announces Target Price $25

Futu NewsDec 19 00:32 · Ratings