Zacks: Brokerages Expect SINA Corp (SINA) to Announce $0.45 Earnings Per Share

Analysts expect SINA Corp (NASDAQ:SINA) to report earnings of $0.45 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for SINA’s earnings, with estimates ranging from $0.40 to $0.49. SINA posted earnings per share of $0.50 during the same quarter last year, which indicates a negative year over year growth rate of 10%. The company is expected to announce its next earnings report on Tuesday, May 15th.

Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover SINA.

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SINA (NASDAQ:SINA) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.29. The business had revenue of $503.70 million during the quarter, compared to the consensus estimate of $482.59 million. SINA had a net margin of 9.89% and a return on equity of 3.99%. The company’s quarterly revenue was up 62.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 earnings per share.

Several equities analysts have commented on SINA shares. JPMorgan Chase boosted their price target on shares of SINA from $175.00 to $179.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Zacks Investment Research upgraded shares of SINA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Jefferies Group reiterated a “buy” rating and set a $175.00 target price on shares of SINA in a research note on Wednesday, January 24th. BidaskClub upgraded shares of SINA from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Finally, Benchmark boosted their target price on shares of SINA from $157.00 to $174.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $139.00.

Hedge funds have recently modified their holdings of the stock. Financial Gravity Companies Inc. acquired a new position in shares of SINA during the fourth quarter worth $137,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in SINA in the fourth quarter valued at $126,000. Stifel Financial Corp purchased a new stake in SINA in the third quarter valued at $210,000. Sheaff Brock Investment Advisors LLC purchased a new stake in SINA in the third quarter valued at $214,000. Finally, B. Riley Financial Inc. purchased a new stake in SINA in the fourth quarter valued at $234,000. Hedge funds and other institutional investors own 66.04% of the company’s stock.

Shares of NASDAQ:SINA traded down $0.96 during trading on Friday, hitting $98.14. The company’s stock had a trading volume of 806,569 shares, compared to its average volume of 994,322. The company has a market cap of $7,114.28, a price-to-earnings ratio of 46.46 and a beta of 1.14. The company has a quick ratio of 2.68, a current ratio of 3.22 and a debt-to-equity ratio of 0.24. SINA has a fifty-two week low of $68.33 and a fifty-two week high of $124.60.

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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, entertainment, and education; and education, digital, fashion, eLadies, luxury, health, collectibles, travel, and other interest-based channels.

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