JinkoSolar (JKS) Scheduled to Post Quarterly Earnings on Wednesday

JinkoSolar (NYSE:JKS - Get Free Report) is set to release 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.

JinkoSolar (NYSE:JKS - Get Free Report) last released its quarterly earnings results on Friday, August 30th. The semiconductor company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.05 by $0.92. JinkoSolar had a return on equity of 7.86% and a net margin of 1.65%. The business had revenue of $3.31 billion during the quarter, compared to analysts' expectations of $3.85 billion. 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 JinkoSolar stock traded down $0.37 during trading hours on Wednesday, hitting $20.97. 2,529,054 shares of the company were exchanged, compared to its average volume of 988,943. JinkoSolar has a 1 year low of $16.70 and a 1 year high of $38.65. The company has a current ratio of 1.08, a quick ratio of 0.79 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average of $20.92 and a 200-day moving average of $22.53. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 3.49 and a beta of 0.43.

JinkoSolar Announces Dividend

The business also recently declared a Variable dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a dividend of $1.50 per share. This represents a dividend yield of 15.6%. The ex-dividend date of this dividend was Thursday, August 15th. JinkoSolar's dividend payout ratio (DPR) is presently 46.18%.

Analyst Ratings Changes

A number of brokerages recently weighed in on JKS. Roth Mkm dropped their price objective on JinkoSolar from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Wednesday, September 4th. The Goldman Sachs Group dropped their price objective on JinkoSolar from $21.00 to $18.00 and set a "sell" rating on the stock in a report on Tuesday, September 3rd. Finally, StockNews.com raised JinkoSolar from a "sell" rating to a "hold" rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $24.60.

About JinkoSolar

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.