JinkoSolar Holding Company Limited (NYSE:JKS) is scheduled to be announcing its earnings results before the market opens on Wednesday, August 23rd. Analysts expect the company to announce earnings of $0.69 per share for the quarter.

JinkoSolar Holding Company Limited (NYSE:JKS) last announced its quarterly earnings data on Monday, June 5th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.20. JinkoSolar Holding Company Limited had a net margin of 6.92% and a return on equity of 12.53%. The business had revenue of $839.30 million during the quarter, compared to analyst estimates of $780.08 million. During the same quarter in the prior year, the company posted $1.72 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, analysts expect JinkoSolar Holding Company Limited to post $1.52 EPS for the current fiscal year and $2.06 EPS for the next fiscal year.

JinkoSolar Holding Company Limited (NYSE:JKS) opened at 28.24 on Wednesday. The stock has a 50 day moving average of $24.94 and a 200-day moving average of $19.04. The firm has a market cap of $903.60 million, a PE ratio of 3.86 and a beta of 2.04. JinkoSolar Holding Company Limited has a 52 week low of $12.72 and a 52 week high of $29.36.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of JinkoSolar Holding Company Limited from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Axiom Securities reissued a “buy” rating on shares of JinkoSolar Holding Company Limited in a research report on Saturday, July 22nd. Morgan Stanley cut shares of JinkoSolar Holding Company Limited from an “overweight” rating to an “underweight” rating and reduced their target price for the company from $19.40 to $16.00 in a research report on Friday, May 26th. Citigroup Inc. cut shares of JinkoSolar Holding Company Limited from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $15.55 to $15.00 in a research report on Friday, May 26th. Finally, Credit Suisse Group AG set a $20.00 price objective on shares of JinkoSolar Holding Company Limited and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $21.00.

A hedge fund recently raised its stake in JinkoSolar Holding Company Limited stock. State Street Corp boosted its stake in JinkoSolar Holding Company Limited (NYSE:JKS) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 89,099 shares of the semiconductor company’s stock after buying an additional 345 shares during the period. State Street Corp owned approximately 0.28% of JinkoSolar Holding Company Limited worth $1,854,000 at the end of the most recent reporting period. 23.66% of the stock is owned by institutional investors and hedge funds.

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About JinkoSolar Holding Company Limited

JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.

Earnings History for JinkoSolar Holding Company Limited (NYSE:JKS)

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