Sina Corporation (SINA) to Release Earnings on Tuesday

Sina Corporation (NASDAQ:SINA) is set to release its earnings data before the market opens on Tuesday, November 7th. Analysts expect Sina Corporation to post earnings of $0.74 per share for the quarter.

Sina Corporation (NASDAQ:SINA) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.43 by $0.27. The business had revenue of $358.93 million during the quarter, compared to analysts’ expectations of $344.23 million. Sina Corporation had a return on equity of 6.58% and a net margin of 18.64%. The company’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. On average, analysts expect Sina Corporation to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Sina Corporation (SINA) opened at $109.46 on Friday. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $7,828.03, a P/E ratio of 40.54 and a beta of 1.03. Sina Corporation has a 1-year low of $60.46 and a 1-year high of $119.20.

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Several research firms recently weighed in on SINA. Jefferies Group LLC reaffirmed a “buy” rating on shares of Sina Corporation in a research note on Friday, August 11th. Citigroup Inc. raised their price objective on Sina Corporation to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. Bank of America Corporation reaffirmed a “buy” rating and issued a $119.00 price objective (up from $112.00) on shares of Sina Corporation in a research note on Thursday, August 10th. Zacks Investment Research downgraded Sina Corporation from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, BidaskClub raised Sina Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Sina Corporation presently has an average rating of “Buy” and an average price target of $104.08.

About Sina Corporation

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.

Earnings History for Sina Corporation (NASDAQ:SINA)

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