Weibo (NASDAQ:WB) released its quarterly earnings data on Monday. The information services provider reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.12, Briefing.com reports. Weibo had a return on equity of 37.16% and a net margin of 35.25%. The company had revenue of $431.80 million during the quarter, compared to analysts’ expectations of $434.79 million. During the same period last year, the firm posted $0.68 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. Weibo updated its Q3 2019 guidance to EPS.
Shares of NASDAQ:WB opened at $41.43 on Thursday. The company has a market capitalization of $8.34 billion, a price-to-earnings ratio of 16.44 and a beta of 2.21. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.44 and a quick ratio of 3.44. The business’s 50-day moving average is $39.71 and its 200-day moving average is $54.04. Weibo has a 1 year low of $34.26 and a 1 year high of $83.35.
Several equities research analysts recently weighed in on the company. HSBC downgraded Weibo from a “hold” rating to a “reduce” rating and set a $45.54 price objective on the stock. in a report on Friday, May 24th. ValuEngine raised Weibo from a “strong sell” rating to a “sell” rating in a report on Tuesday. Credit Suisse Group downgraded Weibo from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 16th. BidaskClub raised Weibo from a “strong sell” rating to a “sell” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. downgraded Weibo from an “overweight” rating to a “neutral” rating and set a $45.00 target price on the stock. in a report on Tuesday, May 28th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $60.46.
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates in two segments, Advertising and Marketing Services, and Value-Added Services. The company offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; and discovery products to help users discover content on its platform.
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