JinkoSolar (NYSE:JKS - Get Free Report) released its earnings results on Wednesday. The semiconductor company reported ($1.01) EPS for the quarter, missing the consensus estimate of ($0.46) by ($0.55), Zacks reports. JinkoSolar had a return on equity of 4.18% and a net margin of 0.53%. The firm had revenue of $20.65 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same quarter last year, the business posted $0.54 EPS. The firm's revenue was down 37.1% on a year-over-year basis.
JinkoSolar Trading Down 2.1 %
NYSE JKS traded down $0.42 during mid-day trading on Friday, reaching $19.69. 829,385 shares of the stock were exchanged, compared to its average volume of 1,039,590. The stock has a market capitalization of $1.05 billion, a PE ratio of 33.36 and a beta of 0.40. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22. JinkoSolar has a 1-year low of $16.70 and a 1-year high of $37.36. The business's fifty day simple moving average is $21.74 and its 200 day simple moving average is $23.17.
Analyst Upgrades and Downgrades
JKS has been the subject of a number of analyst reports. Glj Research cut their target price on JinkoSolar from $13.08 to $10.95 and set a "sell" rating for the company in a research note on Thursday, January 23rd. The Goldman Sachs Group decreased their target price on shares of JinkoSolar from $20.00 to $18.00 and set a "sell" rating on the stock in a research report on Thursday. Daiwa Capital Markets lowered shares of JinkoSolar from an "underperform" rating to a "sell" rating in a research report on Friday, January 10th. Jefferies Financial Group upped their target price on JinkoSolar from $36.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Finally, UBS Group lowered their price objective on shares of JinkoSolar from $25.00 to $22.00 and set a "neutral" rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $27.19.
View Our Latest Research Report on JKS
About JinkoSolar
(
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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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