JinkoSolar (JKS) to Release Earnings on Monday

JinkoSolar (NYSE:JKS - Get Free Report) will be posting its quarterly earnings results before the market opens on Monday, April 29th. Analysts expect JinkoSolar to post earnings of ($0.44) per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

JinkoSolar (NYSE:JKS - Get Free Report) last posted its earnings results on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($1.11). The company had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.08 billion. JinkoSolar had a net margin of 2.89% and a return on equity of 11.85%. On average, analysts expect JinkoSolar to post $5 EPS for the current fiscal year and $10 EPS for the next fiscal year.

JinkoSolar Stock Performance

JKS traded up $0.26 during midday trading on Monday, hitting $21.82. 934,334 shares of the company traded hands, compared to its average volume of 935,999. JinkoSolar has a 52 week low of $21.06 and a 52 week high of $50.46. The firm has a market capitalization of $1.15 billion, a PE ratio of 2.78 and a beta of 0.37. The company has a quick ratio of 0.81, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The company's 50-day moving average is $25.26 and its 200 day moving average is $29.28.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on JKS shares. Roth Mkm reaffirmed a "neutral" rating and set a $25.00 price objective (down from $50.00) on shares of JinkoSolar in a report on Thursday, March 21st. HSBC reissued a "hold" rating and issued a $30.00 price target on shares of JinkoSolar in a report on Monday, February 5th. UBS Group cut their target price on JinkoSolar from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Thursday, March 21st. StockNews.com lowered JinkoSolar from a "hold" rating to a "sell" rating in a research report on Wednesday, April 17th. Finally, The Goldman Sachs Group decreased their target price on JinkoSolar from $26.00 to $23.00 and set a "sell" rating on the stock in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, JinkoSolar currently has an average rating of "Hold" and an average price target of $26.60.

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; and develops commercial solar power projects.