Weibo (NASDAQ:WB) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Weibo (NASDAQ:WB - Get Free Report) released its earnings results on Wednesday. The information services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.07, RTT News reports. Weibo had a net margin of 21.30% and a return on equity of 11.03%. The company had revenue of $396.86 million during the quarter, compared to analyst estimates of $394.21 million. During the same period in the prior year, the firm posted $0.41 EPS. The firm's quarterly revenue was up .4% compared to the same quarter last year.

Weibo Price Performance

Weibo stock traded down $0.04 during mid-day trading on Monday, reaching $9.37. 1,891,838 shares of the company's stock traded hands, compared to its average volume of 1,714,650. Weibo has a 12-month low of $7.03 and a 12-month high of $12.40. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average of $8.60 and a two-hundred day moving average of $9.44. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 6.42 and a beta of 0.01.

Weibo Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 9th were issued a $0.82 dividend. This represents a dividend yield of 7.77%. The ex-dividend date was Wednesday, April 9th. Weibo's dividend payout ratio (DPR) is presently 57.97%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Weibo from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $9.75.

Institutional Trading of Weibo

An institutional investor recently bought a new position in Weibo stock. AQR Capital Management LLC acquired a new position in shares of Weibo Co. (NASDAQ:WB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,339 shares of the information services provider's stock, valued at approximately $117,000. 68.77% of the stock is currently owned by institutional investors and hedge funds.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute 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.