Equities Analysts Issue Forecasts for JA Solar Holdings Co.’s FY2018 Earnings (JASO)
JA Solar Holdings Co. (NASDAQ:JASO) – Equities researchers at Roth Capital issued their FY2018 EPS estimates for shares of JA Solar Holdings in a research report issued on Thursday. Roth Capital analyst P. Shen anticipates that the firm will earn $0.46 per share for the year.
JA Solar Holdings (NASDAQ:JASO) last posted its quarterly earnings data on Thursday, November 17th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.07. JA Solar Holdings had a return on equity of 7.73% and a net margin of 3.43%. The company had revenue of $624.30 million for the quarter, compared to the consensus estimate of $591.02 million. During the same period in the previous year, the business earned $0.68 EPS. JA Solar Holdings’s revenue for the quarter was up 4.0% compared to the same quarter last year.
A number of other research analysts also recently commented on the company. Axiom Securities downgraded JA Solar Holdings from a “buy” rating to a “sell” rating in a research note on Friday. Credit Suisse Group AG began coverage on JA Solar Holdings in a research note on Monday, November 14th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.62.
JA Solar Holdings (NASDAQ:JASO) opened at 5.42 on Monday. JA Solar Holdings has a 12 month low of $5.33 and a 12 month high of $10.09. The firm has a market cap of $253.97 million, a price-to-earnings ratio of 2.73 and a beta of 1.96. The stock has a 50 day moving average price of $6.07 and a 200 day moving average price of $6.94.
Institutional investors have recently bought and sold shares of the company. Numeric Investors LLC boosted its position in JA Solar Holdings by 155.8% in the second quarter. Numeric Investors LLC now owns 2,156,163 shares of the company’s stock valued at $14,770,000 after buying an additional 1,313,102 shares in the last quarter. Guggenheim Capital LLC boosted its position in JA Solar Holdings by 19.7% in the second quarter. Guggenheim Capital LLC now owns 1,340,585 shares of the company’s stock valued at $9,183,000 after buying an additional 220,544 shares in the last quarter. Prudential Financial Inc. boosted its position in JA Solar Holdings by 3.9% in the second quarter. Prudential Financial Inc. now owns 835,900 shares of the company’s stock valued at $5,726,000 after buying an additional 31,400 shares in the last quarter. Top Ace Asset Management Ltd acquired a new position in JA Solar Holdings during the third quarter valued at $3,987,000. Finally, Emerald Acquisition Ltd. acquired a new position in JA Solar Holdings during the second quarter valued at $4,383,000. 31.76% of the stock is owned by institutional investors and hedge funds.
About JA Solar Holdings
JA Solar Holdings Co, Ltd. is a holding company. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and selling solar modules, as well as silicon wafer manufacturing. The Company operates through two segments, including manufacturing and solar projects.
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