JinkoSolar (JKS) Scheduled to Post Quarterly Earnings on Thursday

JinkoSolar (NYSE:JKS) will be announcing its earnings results before the market opens on Thursday, December 7th. Analysts expect the company to announce earnings of $0.10 per share for the quarter.

JinkoSolar (NYSE:JKS) last released its quarterly earnings results on Wednesday, September 6th. The semiconductor company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.49). JinkoSolar had a net margin of 5.42% and a return on equity of 7.88%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $998.22 million. During the same quarter last year, the company earned $2.04 EPS. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. On average, analysts expect JinkoSolar to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of JinkoSolar (JKS) opened at $22.58 on Tuesday. JinkoSolar has a 12-month low of $13.70 and a 12-month high of $30.50. The company has a market cap of $794.80, a price-to-earnings ratio of 11.05, a P/E/G ratio of -3.17 and a beta of 1.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.02 and a quick ratio of 0.76.

An institutional investor recently raised its position in JinkoSolar stock. State Street Corp boosted its holdings in JinkoSolar Holding Company Limited (NYSE:JKS) by 0.4% during the 2nd quarter, according to its most recent disclosure 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 worth $1,854,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 21.34% of the company’s stock.

Several analysts recently commented on JKS shares. ValuEngine upgraded shares of JinkoSolar from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of JinkoSolar from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 23rd. Credit Suisse Group downgraded shares of JinkoSolar from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $20.00 in a research report on Tuesday, August 22nd. Axiom Securities initiated coverage on shares of JinkoSolar in a research report on Thursday, September 21st. They issued a “sell” rating and a $10.00 price target for the company. Finally, Roth Capital boosted their price objective on shares of JinkoSolar from $18.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, September 26th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $17.40.

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JinkoSolar 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.

Earnings History for JinkoSolar (NYSE:JKS)

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