SINA (NASDAQ:SINA) is set to announce its earnings results before the market opens on Thursday, May 23rd. Analysts expect the company to announce earnings of $0.34 per share for the quarter. SINA has set its FY 2019 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

SINA (NASDAQ:SINA) last issued its earnings results on Tuesday, March 5th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.48). SINA had a net margin of 5.96% and a return on equity of 3.39%. The business had revenue of $573.01 million during the quarter, compared to analyst estimates of $575.29 million. During the same quarter in the prior year, the company earned $0.79 EPS. SINA’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, analysts expect SINA to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NASDAQ:SINA opened at $48.78 on Wednesday. SINA has a 52 week low of $47.00 and a 52 week high of $96.71. The company has a market capitalization of $3.39 billion, a P/E ratio of 28.69 and a beta of 1.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.91 and a current ratio of 2.91.

A number of equities analysts recently commented on SINA shares. BidaskClub upgraded SINA from a “strong sell” rating to a “sell” rating in a report on Friday, March 22nd. Credit Suisse Group started coverage on SINA in a report on Monday, February 4th. They issued a “neutral” rating and a $58.50 price objective on the stock. Benchmark increased their price objective on SINA from $96.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Deutsche Bank downgraded SINA from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, Zacks Investment Research downgraded SINA from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $94.50.

COPYRIGHT VIOLATION WARNING: “SINA (SINA) to Release Earnings on Thursday” was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://theolympiareport.com/2019/05/22/sina-sina-to-release-earnings-on-thursday.html.

About SINA

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.

See Also: Why is cost of goods sold important?

Earnings History for SINA (NASDAQ:SINA)

Receive News & Ratings for SINA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SINA and related companies with MarketBeat.com's FREE daily email newsletter.