SINA (SINA) Scheduled to Post Quarterly Earnings on Thursday

SINA (NASDAQ:SINA) is set to announce its earnings results 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 announced its earnings results on Tuesday, March 5th. The technology company reported $0.22 EPS for the quarter, missing the 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 quarter in the previous year, the business earned $0.79 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, analysts expect SINA to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of SINA opened at $53.93 on Thursday. SINA has a one year low of $51.76 and a one year high of $96.71. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 31.72 and a beta of 1.08. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.23.

SINA has been the subject of several research reports. Zacks Investment Research upgraded shares of SINA from a “sell” rating to a “hold” rating and set a $67.00 price target for the company in a report on Friday, February 1st. Credit Suisse Group initiated coverage on shares of SINA in a report on Monday, February 4th. They set a “neutral” rating and a $58.50 price target for the company. BidaskClub cut shares of SINA from a “sell” rating to a “strong sell” rating in a report on Friday, February 8th. Benchmark raised their price target on shares of SINA from $96.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Deutsche Bank cut shares of SINA from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $94.50.

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About SINA

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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