Jinko Solar (NYSE:JKS) issued its quarterly earnings data on Thursday. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.11), Fidelity Earnings reports. Jinko Solar had a return on equity of 3.99% and a net margin of 4.36%. The firm had revenue of $976.40 million for the quarter, compared to analysts’ expectations of $971.40 million. During the same period in the previous year, the business posted $1.04 EPS. The business’s revenue for the quarter was up 32.4% compared to the same quarter last year.

Shares of Jinko Solar (NYSE JKS) opened at $18.60 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.77. The company has a market cap of $779.40, a PE ratio of 3.71, a P/E/G ratio of 1.79 and a beta of 1.76. Jinko Solar has a 12-month low of $15.58 and a 12-month high of $30.50.

A hedge fund recently raised its stake in Jinko Solar stock. State Street Corp boosted its position in Jinko Solar (NYSE:JKS) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,099 shares of the semiconductor company’s stock after purchasing an additional 345 shares during the period. State Street Corp owned about 0.28% of Jinko Solar worth $1,854,000 as of its most recent filing with the Securities & Exchange Commission. 15.44% of the stock is currently owned by institutional investors and hedge funds.

JKS has been the topic of a number of research reports. Goldman Sachs initiated coverage on Jinko Solar in a report on Tuesday, January 9th. They set a “sell” rating and a $16.00 price target on the stock. UBS initiated coverage on Jinko Solar in a report on Friday, March 16th. They set a “buy” rating and a $26.00 price target on the stock. Vertical Research started coverage on Jinko Solar in a report on Friday, February 2nd. They set a “sell” rating on the stock. Vertical Group started coverage on shares of Jinko Solar in a research report on Friday, February 2nd. They issued a “sell” rating for the company. Finally, Zacks Investment Research downgraded shares of Jinko Solar from a “buy” rating to a “sell” rating in a research report on Wednesday, February 7th. Seven investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Sell” and an average target price of $20.00.

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About Jinko Solar

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. It offers solar modules, solar cells, silicon ingots, silicon wafers, and recovered silicon materials.

Earnings History for Jinko Solar (NYSE:JKS)

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