SINA (NASDAQ:SINA) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 23rd. Analysts expect SINA to post earnings of $0.34 per share for the quarter. SINA has set its FY 2019 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
SINA (NASDAQ:SINA) last posted its quarterly earnings data on Tuesday, March 5th. The technology company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.48). The company had revenue of $573.01 million during the quarter, compared to the consensus estimate of $575.29 million. SINA had a return on equity of 3.39% and a net margin of 5.96%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted $0.79 earnings per share. On average, analysts expect SINA to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
SINA stock opened at $47.10 on Tuesday. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $3.38 billion, a P/E ratio of 27.71 and a beta of 1.08. SINA has a 1-year low of $47.00 and a 1-year high of $96.71.
Several research analysts recently weighed in on the stock. BidaskClub cut shares of SINA from a “sell” rating to a “strong sell” rating in a research report on Friday. Zacks Investment Research upgraded shares of SINA from a “sell” rating to a “hold” rating and set a $67.00 price objective on the stock in a research report on Friday, February 1st. Benchmark upped their price objective on shares of SINA from $96.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Deutsche Bank cut shares of SINA from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. SINA presently has an average rating of “Hold” and an average target price of $94.50.
SINA Company Profile
SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. It operates SINA.com, an online brand advertising portal that provides region-focused format and content, including multimedia news; business news coverage and personal finance columns; sporting events news; automobile-related news; entertainment news and events; technology updates; interactive video products, such as news, sports, and entertainment; and education, digital, fashion, luxury, health, collectibles, travel, and other interest-based channels.
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