JinkoSolar (JKS) to Release Quarterly Earnings on Monday

JinkoSolar (NYSE:JKS) is scheduled to be announcing its earnings results before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of ($0.44) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings results on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($1.11). The business had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.08 billion. JinkoSolar had a net margin of 2.89% and a return on equity of 11.85%. On average, analysts expect JinkoSolar to post $5 EPS for the current fiscal year and $10 EPS for the next fiscal year.

JinkoSolar Trading Up 4.5 %

Shares of JinkoSolar stock opened at $24.14 on Friday. The firm has a market capitalization of $1.27 billion, a PE ratio of 3.08 and a beta of 0.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.81. The company’s fifty day moving average price is $24.99 and its two-hundred day moving average price is $29.11. JinkoSolar has a 52-week low of $21.06 and a 52-week high of $50.46.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on JKS shares. UBS Group lowered their price target on shares of JinkoSolar from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. The Goldman Sachs Group lowered their target price on shares of JinkoSolar from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Thursday, April 11th. HSBC reaffirmed a “hold” rating and issued a $30.00 target price on shares of JinkoSolar in a report on Monday, February 5th. Daiwa Capital Markets lowered shares of JinkoSolar from an “outperform” rating to a “neutral” rating and set a $25.00 target price on the stock. in a report on Monday, February 5th. Finally, StockNews.com lowered shares of JinkoSolar from a “hold” rating to a “sell” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.60.

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; and develops commercial solar power projects.