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

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 6.49%. The ex-dividend date of this dividend is Wednesday, July 2nd.

JinkoSolar Price Performance

NYSE:JKS traded up $0.55 during trading hours on Monday, reaching $20.03. 1,154,184 shares of the company were exchanged, compared to its average volume of 1,038,378. The company has a market capitalization of $1.03 billion, a P/E ratio of 33.95 and a beta of 0.18. JinkoSolar has a 1-year low of $13.42 and a 1-year high of $37.36. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.22 and a quick ratio of 0.97. The business has a 50 day moving average of $17.87 and a 200 day moving average of $21.08.

JinkoSolar (NYSE:JKS - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.89 billion. JinkoSolar had a return on equity of 4.18% and a net margin of 0.53%. The company's quarterly revenue was down 39.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.34 EPS. Research analysts forecast that JinkoSolar will post -0.24 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group reduced 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. UBS Group cut their target price on JinkoSolar from $25.00 to $22.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Finally, Citigroup cut JinkoSolar from a "buy" rating to a "sell" rating in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, JinkoSolar has a consensus rating of "Hold" and an average price target 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.