JinkoSolar Holding Co. (JKS) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS
JinkoSolar Holding Co. (NYSE:JKS) posted its quarterly earnings results on Monday. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.76 by $0.16, Analyst Ratings Network.com reports. The company had revenue of $392.10 million for the quarter, compared to the consensus estimate of $391.55 million.
A number of analysts have recently weighed in on JKS shares. Analysts at Zacks upgraded shares of JinkoSolar Holding Co. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $31.40 price target on the stock. On the ratings front, analysts at JPMorgan Chase & Co. initiated coverage on shares of JinkoSolar Holding Co. in a research note on Monday, July 7th. They set a “neutral” rating and a $31.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of JinkoSolar Holding Co. in a research note on Friday, June 20th. They set an “outperform” rating and a $45.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $41.27.
Shares of JinkoSolar Holding Co. (NYSE:JKS) opened at 27.82 on Monday. JinkoSolar Holding Co. has a one year low of $12.69 and a one year high of $37.98. The stock’s 50-day moving average is $26.84 and its 200-day moving average is $28.23. The company has a market cap of $859.0 million and a P/E ratio of 16.41.
JinkoSolar Holding Co, Ltd. (NYSE:JKS) is a solar power product manufacturer.
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