Weibo (NASDAQ:WB) Releases Earnings Results, Beats Estimates By $0.12 EPS

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.

Several large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in Weibo by 49.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,278 shares of the information services provider’s stock worth $203,000 after purchasing an additional 1,087 shares in the last quarter. Penserra Capital Management LLC increased its holdings in Weibo by 2.1% during the 1st quarter. Penserra Capital Management LLC now owns 51,345 shares of the information services provider’s stock worth $3,182,000 after purchasing an additional 1,060 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of Weibo by 80.0% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 27,000 shares of the information services provider’s stock worth $1,674,000 after buying an additional 12,000 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Weibo by 8.2% in the 1st quarter. Nordea Investment Management AB now owns 62,554 shares of the information services provider’s stock worth $3,878,000 after buying an additional 4,725 shares during the last quarter. Finally, Fiera Capital Corp boosted its stake in shares of Weibo by 115.4% in the 1st quarter. Fiera Capital Corp now owns 929,420 shares of the information services provider’s stock worth $57,615,000 after buying an additional 498,002 shares during the last quarter. 25.25% of the stock is currently owned by institutional investors.

About Weibo

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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Earnings History for Weibo (NASDAQ:WB)

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