Analysts predict that SINA Corp (NASDAQ:SINA) will post $0.79 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for SINA’s earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.85. SINA posted earnings per share of $0.63 during the same quarter last year, which indicates a positive year-over-year growth rate of 25.4%. The firm is expected to announce its next earnings results before the market opens on Tuesday, February 13th.
Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover SINA.
SINA (NASDAQ:SINA) last issued its earnings results on Tuesday, November 7th. The technology company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.26. The business had revenue of $440.50 million for the quarter, compared to analyst estimates of $404.71 million. SINA had a net margin of 9.41% and a return on equity of 3.36%. The company’s quarterly revenue was up 60.2% compared to the same quarter last year. During the same period last year, the company posted $0.56 earnings per share.
A number of brokerages have recently commented on SINA. BidaskClub lowered shares of SINA from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research lowered shares of SINA from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Jefferies Group reiterated a “buy” rating and set a $175.00 price objective on shares of SINA in a research note on Wednesday, January 24th. Finally, Benchmark increased their price objective on shares of SINA from $142.00 to $157.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $129.50.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Navellier & Associates Inc boosted its stake in shares of SINA by 2.2% during the second quarter. Navellier & Associates Inc now owns 13,554 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 295 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of SINA by 10.0% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,500 shares of the technology company’s stock valued at $631,000 after purchasing an additional 500 shares in the last quarter. AMP Capital Investors Ltd boosted its stake in shares of SINA by 9.4% during the third quarter. AMP Capital Investors Ltd now owns 9,300 shares of the technology company’s stock valued at $1,066,000 after purchasing an additional 800 shares in the last quarter. Creative Planning boosted its stake in shares of SINA by 39.6% during the fourth quarter. Creative Planning now owns 3,506 shares of the technology company’s stock valued at $352,000 after purchasing an additional 995 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of SINA by 27.2% during the second quarter. GSA Capital Partners LLP now owns 5,414 shares of the technology company’s stock valued at $460,000 after purchasing an additional 1,157 shares in the last quarter. Hedge funds and other institutional investors own 69.34% of the company’s stock.
Shares of SINA (NASDAQ:SINA) traded up $3.22 during trading hours on Thursday, hitting $104.38. 1,501,887 shares of the stock were exchanged, compared to its average volume of 943,900. The stock has a market capitalization of $7,464.74, a price-to-earnings ratio of 59.31 and a beta of 1.03. SINA has a fifty-two week low of $68.13 and a fifty-two week high of $122.93. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.04.
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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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