Q1 2017 EPS Estimates for JinkoSolar Holding Co. Increased by Roth Capital (JKS)
JinkoSolar Holding Co. (NYSE:JKS) – Roth Capital boosted their Q1 2017 earnings per share (EPS) estimates for JinkoSolar Holding in a note issued to investors on Thursday. Roth Capital analyst P. Shen now forecasts that the brokerage will post earnings of $0.69 per share for the quarter, up from their prior forecast of $0.33. Roth Capital has a “Neutral” rating and a $18.00 price objective on the stock. Roth Capital also issued estimates for JinkoSolar Holding’s Q2 2017 earnings at $0.52 EPS, Q3 2017 earnings at $0.33 EPS, Q4 2017 earnings at $0.52 EPS, FY2017 earnings at $2.05 EPS and FY2018 earnings at $2.30 EPS.
Several other research firms have also commented on JKS. Zacks Investment Research upgraded shares of JinkoSolar Holding from a “sell” rating to a “hold” rating in a research report on Thursday. Craig Hallum assumed coverage on shares of JinkoSolar Holding in a research report on Tuesday, November 8th. They set a “buy” rating and a $36.00 target price on the stock. Credit Suisse Group AG restated an “outperform” rating on shares of JinkoSolar Holding in a research report on Monday, November 14th. Finally, Morgan Stanley set a $27.20 target price on shares of JinkoSolar Holding and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $30.24.
JinkoSolar Holding (NYSE:JKS) opened at 13.34 on Monday. JinkoSolar Holding has a 1-year low of $13.08 and a 1-year high of $29.50. The firm has a 50 day moving average of $15.85 and a 200 day moving average of $18.72. The firm has a market cap of $420.09 million, a P/E ratio of 2.57 and a beta of 2.33.
JinkoSolar Holding (NYSE:JKS) last posted its quarterly earnings results on Wednesday, November 16th. The company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.76. The business earned $855.30 million during the quarter, compared to the consensus estimate of $749.37 million. JinkoSolar Holding had a net margin of 5.28% and a return on equity of 33.72%. The company’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 earnings per share.
A number of institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in JinkoSolar Holding by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 10,972 shares of the company’s stock worth $224,000 after buying an additional 562 shares in the last quarter. Guinness Asset Management Ltd increased its position in JinkoSolar Holding by 13.4% in the second quarter. Guinness Asset Management Ltd now owns 8,490 shares of the company’s stock worth $173,000 after buying an additional 1,000 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in JinkoSolar Holding by 2.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 75,728 shares of the company’s stock worth $1,197,000 after buying an additional 1,750 shares in the last quarter. BlackRock Group LTD increased its position in JinkoSolar Holding by 2.2% in the third quarter. BlackRock Group LTD now owns 91,778 shares of the company’s stock worth $1,450,000 after buying an additional 1,961 shares in the last quarter. Finally, KBC Group NV increased its position in JinkoSolar Holding by 32.9% in the third quarter. KBC Group NV now owns 8,814 shares of the company’s stock worth $139,000 after buying an additional 2,180 shares in the last quarter. 19.92% of the stock is currently owned by institutional investors.
JinkoSolar Holding Company Profile
JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.
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