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 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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