Sina Corporation (SINA) Releases Earnings Results, Beats Estimates By $0.26 EPS
Sina Corporation (NASDAQ:SINA) announced its quarterly earnings results on Tuesday. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.26, RTT News reports. The firm had revenue of $440.50 million for the quarter, compared to the consensus estimate of $404.71 million. Sina Corporation had a return on equity of 6.58% and a net margin of 18.64%. The company’s quarterly revenue was up 60.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share.
Shares of Sina Corporation (SINA) opened at $104.85 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.69 and a quick ratio of 2.69. The company has a market capitalization of $7,868.76, a PE ratio of 40.75 and a beta of 1.03. Sina Corporation has a 1 year low of $60.46 and a 1 year high of $119.20.
A number of research analysts have recently issued reports on the company. Benchmark Co. upped their price target on Sina Corporation from $142.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Group LLC reaffirmed a “buy” rating on shares of Sina Corporation in a report on Friday, August 11th. Citigroup Inc. upped their price target on Sina Corporation to $140.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Bank of America Corporation reaffirmed a “buy” rating and set a $119.00 price target (up from $112.00) on shares of Sina Corporation in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded Sina Corporation from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $109.96.
Sina Corporation Company Profile
Sina Corporation is an online media company serving China and the global Chinese communities. The Company’s digital media network of SINA.com (portal), SINA mobile (mobile portal and mobile applications) and Weibo (social media) enables Internet users to access professional media and user generated content (UGCs) in multi-media formats from personal computers and mobile devices, and share their interests with friends and acquaintances.
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