Weibo (WB) to Release Earnings on Thursday

Weibo (NASDAQ:WB - Get Free Report) will be posting its quarterly earnings results before the market opens on Thursday, May 23rd. Analysts expect Weibo to post earnings of $0.43 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Weibo (NASDAQ:WB - Get Free Report) last released its quarterly earnings results on Thursday, March 14th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.14). The firm had revenue of $463.67 million for the quarter, compared to the consensus estimate of $452.30 million. Weibo had a net margin of 19.47% and a return on equity of 10.77%. On average, analysts expect Weibo to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Weibo Stock Performance

Shares of Weibo stock traded up $0.42 during trading on Thursday, reaching $10.04. The company's stock had a trading volume of 1,692,835 shares, compared to its average volume of 2,212,190. Weibo has a one year low of $7.58 and a one year high of $17.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.51 and a current ratio of 2.51. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 1.48 and a beta of 0.40. The business's fifty day moving average price is $9.02 and its 200-day moving average price is $9.64.

Weibo Cuts Dividend

The business also recently disclosed a -- dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, April 12th were paid a $0.80 dividend. The ex-dividend date was Thursday, April 11th.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WB shares. UBS Group raised Weibo from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $12.90 to $11.50 in a research report on Tuesday, March 19th. The Goldman Sachs Group restated a "neutral" rating and set a $10.60 price target on shares of Weibo in a research note on Thursday, March 28th. StockNews.com lowered Weibo from a "buy" rating to a "hold" rating in a research note on Friday, January 19th. Finally, HSBC cut their target price on Weibo from $13.60 to $9.80 and set a "hold" rating for the company in a research report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Weibo presently has an average rating of "Hold" and an average price target of $11.98.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.