Zacks: Brokerages Anticipate Sina Corporation (SINA) Will Announce Earnings of $0.73 Per Share
Equities analysts predict that Sina Corporation (NASDAQ:SINA) will report earnings per share (EPS) of $0.73 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Sina Corporation’s earnings. The lowest EPS estimate is $0.71 and the highest is $0.75. Sina Corporation reported earnings per share of $0.56 during the same quarter last year, which indicates a positive year over year growth rate of 30.4%. The company is scheduled to announce its next earnings report on Monday, November 20th.
Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Sina Corporation.
Sina Corporation (NASDAQ:SINA) last announced its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.27. Sina Corporation had a net margin of 18.64% and a return on equity of 6.58%. The company had revenue of $358.93 million during the quarter, compared to analyst estimates of $344.23 million. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue for the quarter was up 47.1% on a year-over-year basis.
SINA has been the subject of a number of analyst reports. T.H. Capital raised their price target on Sina Corporation from $62.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, May 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $122.00 price target on shares of Sina Corporation in a report on Wednesday, May 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $92.00 price target (up from $74.00) on shares of Sina Corporation in a report on Wednesday, May 17th. BidaskClub lowered Sina Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research lowered Sina Corporation from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $101.74.
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Shares of Sina Corporation (NASDAQ SINA) traded down 2.57% during trading on Monday, reaching $98.09. 1,100,081 shares of the company were exchanged. The firm has a market capitalization of $6.98 billion, a PE ratio of 32.12 and a beta of 1.24. The company’s 50-day moving average is $95.58 and its 200 day moving average is $83.96. Sina Corporation has a 1-year low of $60.46 and a 1-year high of $105.99.
A number of large investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its stake in Sina Corporation by 11.7% in the second quarter. Bank of Montreal Can now owns 1,452 shares of the technology company’s stock valued at $123,000 after buying an additional 152 shares in the last quarter. US Bancorp DE raised its stake in Sina Corporation by 55.1% in the second quarter. US Bancorp DE now owns 1,501 shares of the technology company’s stock valued at $127,000 after buying an additional 533 shares in the last quarter. Bronfman E.L. Rothschild L.P. acquired a new stake in Sina Corporation during the second quarter valued at about $136,000. Nomura Asset Management Co. Ltd. raised its stake in Sina Corporation by 11.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,330 shares of the technology company’s stock valued at $168,000 after buying an additional 230 shares in the last quarter. Finally, ETF Managers Group LLC acquired a new stake in Sina Corporation during the second quarter valued at about $180,000. 67.01% of the stock is owned by institutional investors.
Sina Corporation Company Profile
Sina Corporation is an online media company serving China and the global Chinese communities. The Company’s digital media network of SINA.com (portal), SINA mobile (mobile portal and mobile applications) and Weibo (social media) enables Internet users to access professional media and user generated content (UGCs) in multi-media formats from personal computers and mobile devices, and share their interests with friends and acquaintances.
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