JinkoSolar Holding Company Limited (JKS) to Release Earnings on Tuesday
JinkoSolar Holding Company Limited (NYSE:JKS) is scheduled to release its earnings data before the market opens on Tuesday, November 14th. Analysts expect JinkoSolar Holding Company Limited to post earnings of $0.41 per share for the quarter.
JinkoSolar Holding Company Limited (NYSE:JKS) last issued its earnings results on Wednesday, September 6th. The semiconductor company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.49). JinkoSolar Holding Company Limited had a net margin of 5.42% and a return on equity of 7.88%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $998.22 million. During the same quarter last year, the firm earned $2.04 EPS. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. On average, analysts expect JinkoSolar Holding Company Limited to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
JinkoSolar Holding Company Limited (JKS) opened at $26.90 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.02 and a quick ratio of 0.76. The company has a market cap of $860.54, a P/E ratio of 11.96, a PEG ratio of -3.43 and a beta of 1.92.
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A number of brokerages have commented on JKS. ValuEngine downgraded JinkoSolar Holding Company Limited from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Axiom Securities restated a “buy” rating on shares of JinkoSolar Holding Company Limited in a research note on Saturday, July 22nd. Credit Suisse Group downgraded JinkoSolar Holding Company Limited from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $20.00 in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded JinkoSolar Holding Company Limited from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Roth Capital upped their price target on JinkoSolar Holding Company Limited from $18.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 26th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. JinkoSolar Holding Company Limited presently has an average rating of “Hold” and a consensus price target of $20.50.
An institutional investor recently raised its position in JinkoSolar Holding Company Limited stock. State Street Corp lifted its stake in shares of JinkoSolar Holding Company Limited (NYSE:JKS) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,099 shares of the semiconductor company’s stock after acquiring an additional 345 shares during the quarter. State Street Corp owned about 0.28% of JinkoSolar Holding Company Limited worth $1,854,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 21.91% of the company’s stock.
JinkoSolar Holding Company Limited Company Profile
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.
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