JinkoSolar (JKS) Expected to Announce Quarterly Earnings on Wednesday

JinkoSolar (NYSE:JKS) is expected to be releasing its earnings data before the market opens on Wednesday, March 26th. Analysts expect JinkoSolar to post earnings of ($0.18) per share and revenue of $3.38 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

JinkoSolar Stock Performance

NYSE JKS opened at $21.07 on Tuesday. The business has a 50-day moving average price of $21.96 and a 200-day moving average price of $23.15. 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 has a twelve month low of $16.70 and a twelve month high of $37.36. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 35.71 and a beta of 0.40.

Analyst Ratings Changes

Several research analysts have commented on the stock. Daiwa Capital Markets downgraded shares of JinkoSolar from an “underperform” rating to a “sell” rating in a report on Friday, January 10th. Glj Research lowered their price target on JinkoSolar from $13.08 to $10.95 and set a “sell” rating for the company in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group boosted their target price on JinkoSolar from $36.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, JinkoSolar currently has an average rating of “Hold” and a consensus price target of $28.49.

About JinkoSolar

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.