JinkoSolar (NYSE:JKS – Get Free Report) will be releasing its earnings data before the market opens on Wednesday, October 30th. Analysts expect JinkoSolar to post earnings of ($0.80) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
JinkoSolar (NYSE:JKS – Get Free Report) last announced its quarterly earnings data on Friday, August 30th. The semiconductor company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.92. The firm had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.85 billion. JinkoSolar had a net margin of 1.65% and a return on equity of 7.86%. On average, analysts expect JinkoSolar to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
JinkoSolar Stock Performance
Shares of JKS stock opened at $23.52 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.08 and a quick ratio of 0.79. The business has a fifty day moving average of $21.07 and a 200 day moving average of $22.47. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 7.69 and a beta of 0.43. JinkoSolar has a 1 year low of $16.70 and a 1 year high of $38.65.
JinkoSolar Dividend Announcement
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on JKS shares. Roth Mkm reduced their price target on shares of JinkoSolar from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. StockNews.com raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Finally, The Goldman Sachs Group lowered their price target on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating on the stock in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.60.
Get Our Latest Report on JinkoSolar
JinkoSolar Company Profile
JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.
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