Analysts predict that SINA Corp (NASDAQ:SINA) will post sales of $576.49 million for the current quarter, according to Zacks. Two analysts have issued estimates for SINA’s earnings. The highest sales estimate is $580.57 million and the lowest is $572.40 million. SINA posted sales of $443.15 million during the same quarter last year, which suggests a positive year-over-year growth rate of 30.1%. The firm is expected to report its next earnings report on Tuesday, November 6th.
On average, analysts expect that SINA will report full-year sales of $2.23 billion for the current fiscal year, with estimates ranging from $2.21 billion to $2.27 billion. For the next year, analysts anticipate that the company will post sales of $2.96 billion per share, with estimates ranging from $2.94 billion to $3.01 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow SINA.
SINA (NASDAQ:SINA) last issued its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.39. The company had revenue of $537.36 million for the quarter, compared to the consensus estimate of $538.10 million. SINA had a return on equity of 4.39% and a net margin of 8.23%. The company’s revenue for the quarter was up 49.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 EPS.
SINA has been the topic of several recent analyst reports. ValuEngine raised SINA from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 2nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $144.00 price target on shares of SINA in a research report on Thursday, July 26th. BidaskClub raised SINA from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 12th. Zacks Investment Research raised SINA from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Monday, July 30th. Finally, JPMorgan Chase & Co. initiated coverage on SINA in a research report on Wednesday, August 29th. They issued an “overweight” rating and a $150.00 price target on the stock. Three analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $135.00.
Shares of NASDAQ SINA opened at $70.60 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 33.78 and a beta of 0.96. SINA has a 12 month low of $63.20 and a 12 month high of $124.60.
A number of hedge funds and other institutional investors have recently modified their holdings of SINA. Atlas Capital Advisors LLC bought a new stake in shares of SINA during the second quarter valued at approximately $104,000. Financial Gravity Wealth Inc. bought a new stake in shares of SINA during the first quarter valued at approximately $131,000. Redpoint Investment Management Pty Ltd bought a new stake in shares of SINA during the second quarter valued at approximately $202,000. XR Securities LLC bought a new stake in shares of SINA during the second quarter valued at approximately $206,000. Finally, PNC Financial Services Group Inc. increased its position in shares of SINA by 44.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,626 shares of the technology company’s stock valued at $222,000 after purchasing an additional 813 shares during the period. 67.04% of the stock is currently owned by institutional investors.
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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