SINA (NASDAQ:SINA) released its earnings results on Monday. The technology company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.74, Briefing.com reports. SINA had a net margin of 6.06% and a return on equity of 3.47%. The business had revenue of $533.00 million for the quarter, compared to the consensus estimate of $519.55 million. During the same period in the previous year, the firm earned $0.89 EPS. The business’s revenue for the quarter was down .8% on a year-over-year basis.
SINA stock opened at $42.34 on Wednesday. SINA has a 52-week low of $32.99 and a 52-week high of $72.94. The company’s 50 day simple moving average is $39.50 and its 200-day simple moving average is $51.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.61 and a quick ratio of 2.61. The firm has a market capitalization of $2.69 billion, a P/E ratio of 24.91 and a beta of 1.37.
A number of analysts recently commented on SINA shares. Jefferies Financial Group started coverage on shares of SINA in a report on Monday, August 5th. They issued a “hold” rating on the stock. Zacks Investment Research downgraded shares of SINA from a “hold” rating to a “strong sell” rating in a report on Thursday, May 23rd. BidaskClub upgraded shares of SINA from a “strong sell” rating to a “sell” rating in a report on Tuesday. Goldman Sachs Group upgraded shares of SINA from a “neutral” rating to a “buy” rating and cut their price target for the company from $71.00 to $61.00 in a report on Friday, May 31st. Finally, Macquarie lowered shares of SINA from an “outperform” rating to a “neutral” rating and set a $38.00 price target on the stock. in a report on Friday, May 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $75.69.
SINA Company Profile
SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. It operates SINA.com, 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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