Research Desk Line-up: ZTO Express (Cayman) Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 29, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Expeditors International of Washington, Inc. (NASDAQ: EXPD) ("Expeditors"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=EXPD, following the Company's disclosure of its financial results on August 08, 2017, for the second quarter of the fiscal year 2017 (Q2 FY17). The Seattle, Washington-based Company's total revenues grew 13% y-o-y during the reported period, beating analysts' estimates. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Air Delivery & Freight Services industry. Pro-TD has currently selected ZTO Express (Cayman) Inc. (NYSE: ZTO) for due-diligence and potential coverage as the Company announced on August 22, 2017, its unaudited financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on ZTO Express (Cayman) when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on EXPD; also brushing on ZTO. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=EXPD

http://protraderdaily.com/optin/?symbol=ZTO

Earnings Reviewed

During Q2 FY17, Expeditors reported total revenues of $1.67 billion which came in above the $1.48 billion recorded at the end of Q2 FY16. The Company's revenue numbers for the reported quarter also outperformed Wall Street's expectations of $1.63 billion.

The logistics services provider's net earnings attributable to shareholders was $108.85 million, or $0.60 per diluted share, for Q2 FY17 compared to $116.05 million, or $0.63 per diluted share, in the prior year's corresponding quarter. The market analysts had also expected the Company to report earnings per share (EPS) of $0.60 per diluted share for Q2 FY17.

Operating Metrics

For the reported quarter, the Company's net revenues increased to $563.63 million from $553.12 million in Q2 FY16. The Company spent $1.50 billion as operating expenses in Q2 FY17 versus $1.30 billion in the last year's comparable quarter. Furthermore, the Company's operating income came in at $168.24 million for Q2 FY17 compared to $178.86 million in the previous year's same quarter.

Segment Performance

During the quarter ended June 30, 2017, Airfreight services segment's revenues increased to $671.87 million from $582.09 million in the year ago comparable period. The segment reported operating expenses of $499.42 million in Q2 FY17 versus $403.42 million in Q2 FY16. Furthermore, the segment's net revenues for the reported quarter stood at $172.45 million compared to $178.67 million in Q2 FY16.

Ocean freight services and ocean services segment generated revenue amounting to $528.59 million which was above the last year's recorded revenue numbers of $464.69 million. In Q2 FY17, the segment's operating expenses were $385.93 million compared to $323.70 million in the previous year's corresponding quarter. Moreover, the segment's net revenue stood at $142.66 million for Q2 FY17 compared to $140.99 million reported in the year ago same quarter.

Expeditors' Customs brokerage and other services segment's revenues increased to $471.83 million during the reported quarter from $428.38 million in Q2 FY16. The segment's operating expenses was $223.30 million during Q2 FY17 versus $194.93 million in Q2 FY16. Additionally, the segment's net revenues rose to $248.53 million in Q2 FY17 from $233.45 million in Q2 FY16.

Cash Flow & Balance Sheet

In the three months ended June 30, 2017, Expeditors generated $81.21 million of cash from operations compared to $105.18 million in the previous year's comparable period. The Company had $1.11 billion of cash and cash equivalents as on June 30, 2017, compared to $974.44 million at the close of books on December 31, 2016.

Share Repurchase

During Q2 FY17, the Company repurchased 1.53 million shares of common stock at an average price of $55.02 per share. The Company had repurchased a total of 2.5 million shares of common stock at an average price of $55.58 per share during the current fiscal year.

Stock Performance

On Monday, August 28, 2017, the stock closed the trading session at $55.44, marginally up 0.71% from its previous closing price of $55.05. A total volume of 656.84 thousand shares have exchanged hands. Expeditors International of Washington's stock price advanced 4.41% in the last three months and 8.56% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 4.68%. The stock is trading at a PE ratio of 24.03 and has a dividend yield of 1.52%. At Monday's closing price, the stock's net capitalization stands at $10.00 billion.

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