JinkoSolar Holding Co., Ltd. (NYSE:JKS) to Issue $0.33 Quarterly Dividend

JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) announced a quarterly dividend on Friday, June 13th, RTT News reports. Investors of record on Wednesday, July 2nd will be paid a dividend of 0.325 per share by the semiconductor company on Wednesday, July 16th. This represents a $1.30 dividend on an annualized basis and a yield of 6.67%.

JinkoSolar Stock Performance

JinkoSolar stock traded up $0.54 during midday trading on Friday, reaching $19.49. The stock had a trading volume of 538,888 shares, compared to its average volume of 1,037,900. JinkoSolar has a 12 month low of $13.42 and a 12 month high of $37.36. The firm's 50-day moving average price is $17.75 and its 200 day moving average price is $21.12. The firm has a market capitalization of $1.00 billion, a PE ratio of 33.03 and a beta of 0.18. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81.

JinkoSolar (NYSE:JKS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The semiconductor company reported ($2.85) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.45) by ($1.40). JinkoSolar had a net margin of 0.53% and a return on equity of 4.18%. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the firm posted $1.34 earnings per share. The company's revenue was down 39.9% on a year-over-year basis. As a group, research analysts predict that JinkoSolar will post -0.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JKS has been the topic of a number of research reports. Citigroup cut JinkoSolar from a "buy" rating to a "sell" rating in a research note on Monday, May 5th. UBS Group decreased their price target on JinkoSolar from $25.00 to $22.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group decreased their price target on JinkoSolar from $20.00 to $18.00 and set a "sell" rating on the stock in a research report on Thursday, March 27th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, JinkoSolar has a consensus rating of "Hold" and an average target price of $27.19.

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.