Weibo Corp to Post FY2020 Earnings of $5.37 Per Share, Jefferies Group Forecasts (WB)

Weibo Corp (NASDAQ:WB) – Equities research analysts at Jefferies Group raised their FY2020 earnings per share estimates for Weibo in a note issued to investors on Tuesday, March 13th, Zacks Investment Research reports. Jefferies Group analyst K. Chan now expects that the information services provider will post earnings per share of $5.37 for the year, up from their previous estimate of $5.17. Jefferies Group has a “Buy” rating and a $160.00 price target on the stock.

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A number of other brokerages have also weighed in on WB. Zacks Investment Research lowered shares of Weibo from a “buy” rating to a “hold” rating in a report on Saturday, February 24th. JPMorgan Chase boosted their price objective on shares of Weibo from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. BidaskClub raised shares of Weibo from a “buy” rating to a “strong-buy” rating in a report on Friday, March 9th. Barclays reissued an “overweight” rating and set a $150.00 price objective on shares of Weibo in a report on Wednesday, February 14th. Finally, Benchmark boosted their price objective on shares of Weibo from $110.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $124.50.

NASDAQ WB opened at $113.60 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.23 and a current ratio of 4.22. Weibo has a 12-month low of $48.82 and a 12-month high of $142.12. The firm has a market capitalization of $25,778.42, a price-to-earnings ratio of 72.82 and a beta of 2.60.

Weibo (NASDAQ:WB) last released its quarterly earnings results on Tuesday, February 13th. The information services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05. Weibo had a net margin of 30.66% and a return on equity of 35.57%. The business had revenue of $377.40 million for the quarter, compared to analyst estimates of $362.04 million. During the same period in the previous year, the company earned $0.34 earnings per share. The business’s revenue for the quarter was up 77.4% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NEXT Financial Group Inc raised its position in shares of Weibo by 9,900.0% in the third quarter. NEXT Financial Group Inc now owns 1,000 shares of the information services provider’s stock worth $100,000 after acquiring an additional 990 shares during the period. Risk Paradigm Group LLC acquired a new position in shares of Weibo in the third quarter worth about $109,000. Sequoia Financial Advisors LLC acquired a new position in shares of Weibo in the fourth quarter worth about $203,000. Ipswich Investment Management Co. Inc. acquired a new position in shares of Weibo in the fourth quarter worth about $208,000. Finally, YorkBridge Wealth Partners LLC raised its position in shares of Weibo by 70.2% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 1,801 shares of the information services provider’s stock worth $212,000 after acquiring an additional 743 shares during the period. Institutional investors own 22.40% of the company’s stock.

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Weibo Company Profile

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.

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