SINA Corp (SINA) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS
SINA Corp (NASDAQ:SINA) announced its earnings results on Thursday. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.09, Analyst Ratings Network reports. The company had revenue of $187.00 million for the quarter, compared to the consensus estimate of $180.03 million.
A number of analysts have recently weighed in on SINA shares. Analysts at T.H. Capital downgraded shares of SINA Corp to a “hold” rating in a research note on Monday. On the ratings front, analysts at TH Capital downgraded shares of SINA Corp from a “buy” rating to a “hold” rating in a research note on Monday. They now have a $75.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of SINA Corp in a research note on Thursday, July 24th. They now have a $52.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. SINA Corp currently has a consensus rating of “Hold” and an average target price of $78.33.
Shares of SINA Corp (NASDAQ:SINA) traded down 0.38% during mid-day trading on Thursday, hitting $47.82. The stock had a trading volume of 2,384,381 shares. SINA Corp has a one year low of $42.40 and a one year high of $92.83. The stock has a 50-day moving average of $48.18 and a 200-day moving average of $54.8. The company has a market cap of $3.158 billion and a P/E ratio of 138.73.
SINA Corporation (NASDAQ:SINA), incorporated on July 9, 1997, is an online media company serving China and the global Chinese communities.
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