Weibo (NASDAQ:WB) Announces Quarterly Earnings Results

Weibo (NASDAQ:WB) released its earnings results on Wednesday. The information services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07, RTT News reports. The firm had revenue of $396.86 million for the quarter, compared to analysts’ expectations of $394.21 million. Weibo had a net margin of 21.30% and a return on equity of 11.03%. Weibo’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS.

Weibo Stock Performance

WB opened at $9.41 on Friday. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 6.45 and a beta of 0.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.57 and a quick ratio of 3.57. Weibo has a 1-year low of $7.03 and a 1-year high of $12.40. The business has a 50 day moving average price of $8.63 and a two-hundred day moving average price of $9.44.

Weibo Announces Dividend

The company also recently announced an annual dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 9th were given a $0.82 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a yield of 7.77%. Weibo’s dividend payout ratio (DPR) is 68.97%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Weibo from a “buy” rating to a “hold” rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $9.75.

Institutional Investors Weigh In On Weibo

An institutional investor recently bought a new position in Weibo stock. AQR Capital Management LLC acquired a new stake in shares of Weibo Co. (NASDAQ:WB) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,339 shares of the information services provider’s stock, valued at approximately $117,000. 68.77% of the stock is owned by hedge funds and other institutional investors.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.