Wall Street analysts predict that SINA Corp (NASDAQ:SINA) will announce earnings of $0.76 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for SINA’s earnings, with estimates ranging from $0.74 to $0.77. SINA posted earnings per share of $0.77 during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.3%. The company is scheduled to issue its next earnings results on Tuesday, November 6th.

Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover SINA.

SINA (NASDAQ:SINA) last released its earnings results on Wednesday, August 8th. The technology company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.39. SINA had a return on equity of 4.39% and a net margin of 8.23%. The company had revenue of $537.36 million during the quarter, compared to the consensus estimate of $538.10 million. During the same quarter last year, the company earned $0.70 earnings per share. SINA’s quarterly revenue was up 49.7% compared to the same quarter last year.

A number of research analysts have recently weighed in on the company. ValuEngine cut SINA from a “hold” rating to a “sell” rating in a research report on Thursday, June 21st. Jefferies Financial Group restated a “buy” rating and issued a $144.00 price target on shares of SINA in a research report on Thursday, July 26th. BidaskClub cut SINA from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 12th. Zacks Investment Research upgraded SINA from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Monday, July 30th. Finally, JPMorgan Chase & Co. assumed coverage on SINA in a research report on Wednesday, August 29th. They issued an “overweight” rating and a $150.00 price target for the company. Three analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $135.00.

Shares of SINA stock traded up $3.49 during mid-day trading on Friday, reaching $62.50. The stock had a trading volume of 909,762 shares, compared to its average volume of 930,286. SINA has a 12-month low of $57.85 and a 12-month high of $124.60. The stock has a market cap of $4.97 billion, a P/E ratio of 29.90 and a beta of 0.95. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.24.

Several hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of SINA by 44.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,626 shares of the technology company’s stock valued at $222,000 after buying an additional 813 shares in the last quarter. Xact Kapitalforvaltning AB increased its position in SINA by 15.8% during the 1st quarter. Xact Kapitalforvaltning AB now owns 6,600 shares of the technology company’s stock worth $688,000 after purchasing an additional 900 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in SINA by 15.3% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,444 shares of the technology company’s stock worth $630,000 after purchasing an additional 990 shares in the last quarter. Atlas Capital Advisors LLC purchased a new stake in SINA during the 2nd quarter worth about $104,000. Finally, Financial Gravity Wealth Inc. purchased a new stake in SINA during the 1st quarter worth about $131,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

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.

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Earnings History and Estimates for SINA (NASDAQ:SINA)

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