Equities analysts expect SINA Corp (NASDAQ:SINA) to report sales of $440.12 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for SINA’s earnings, with the highest sales estimate coming in at $440.84 million and the lowest estimate coming in at $439.40 million. SINA reported sales of $278.07 million in the same quarter last year, which would indicate a positive year over year growth rate of 58.3%. The company is expected to report its next earnings results on Tuesday, May 15th.
On average, analysts expect that SINA will report full year sales of $440.12 million for the current fiscal year, with estimates ranging from $2.26 billion to $2.35 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.15 billion per share, with estimates ranging from $3.02 billion to $3.29 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover SINA.
SINA (NASDAQ:SINA) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.29. SINA had a net margin of 9.89% and a return on equity of 3.99%. The business had revenue of $503.70 million during the quarter, compared to the consensus estimate of $482.59 million. During the same quarter last year, the firm posted $0.63 EPS. SINA’s revenue was up 62.1% compared to the same quarter last year.
SINA has been the subject of several research reports. BidaskClub raised shares of SINA from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Jefferies Group reissued a “buy” rating and issued a $175.00 price target on shares of SINA in a research report on Wednesday, January 24th. Zacks Investment Research raised shares of SINA from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Benchmark lifted their price target on shares of SINA from $157.00 to $174.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, JPMorgan Chase lifted their price target on shares of SINA from $175.00 to $179.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $139.00.
NASDAQ SINA traded down $2.63 during mid-day trading on Friday, hitting $96.68. The company’s stock had a trading volume of 739,131 shares, compared to its average volume of 942,643. SINA has a twelve month low of $68.33 and a twelve month high of $124.60. The company has a current ratio of 3.22, a quick ratio of 2.68 and a debt-to-equity ratio of 0.24. The company has a market cap of $6,914.07, a P/E ratio of 46.26 and a beta of 1.14.
A number of institutional investors and hedge funds have recently bought and sold shares of SINA. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in SINA during the 4th quarter worth $126,000. Financial Gravity Companies Inc. purchased a new position in SINA during the 4th quarter worth $137,000. Stifel Financial Corp purchased a new position in SINA during the 3rd quarter worth $210,000. Sheaff Brock Investment Advisors LLC purchased a new position in SINA during the 3rd quarter worth $214,000. Finally, B. Riley Financial Inc. purchased a new position in SINA during the 4th quarter worth $234,000. 66.04% of the stock is currently owned by hedge funds and other institutional investors.
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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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