SINA (SINA) Scheduled to Post Quarterly Earnings on Thursday

SINA (NASDAQ:SINA) is scheduled to issue its quarterly earnings data before the market opens on Thursday, May 23rd. Analysts expect the company to announce earnings of $0.34 per share for the quarter. SINA has set its FY 2019 guidance at EPS.

SINA (NASDAQ:SINA) last released its quarterly earnings data on Tuesday, March 5th. The technology company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.48). SINA had a return on equity of 3.39% and a net margin of 5.96%. The firm had revenue of $573.01 million during the quarter, compared to analyst estimates of $575.29 million. During the same period last year, the business earned $0.79 EPS. The firm’s revenue was up 13.8% on a year-over-year basis. 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 $53.93 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.91 and a current ratio of 2.91. SINA has a fifty-two week low of $51.76 and a fifty-two week high of $96.71. The stock has a market capitalization of $3.89 billion, a P/E ratio of 31.72 and a beta of 1.08.

SINA has been the topic of a number of analyst reports. Benchmark increased their price objective on shares of SINA from $96.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. BidaskClub raised shares of SINA from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Deutsche Bank cut shares of SINA from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Zacks Investment Research cut shares of SINA from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Finally, Credit Suisse Group began coverage on shares of SINA in a report on Monday, February 4th. They issued a “neutral” rating and a $58.50 price objective on the stock. 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 company’s stock. The stock currently has an average rating of “Hold” and an average price target of $94.50.

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SINA Company Profile

SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. It operates, 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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Earnings History for SINA (NASDAQ:SINA)

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