Jinko Solar (JKS) Posts Quarterly Earnings Results
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.
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.
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