Weibo (NASDAQ:WB – Get Free Report) released its earnings results on Thursday. The information services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.10, Briefing.com reports. Weibo had a net margin of 16.74% and a return on equity of 10.92%. The company had revenue of $437.90 million for the quarter, compared to the consensus estimate of $437.97 million. During the same period in the prior year, the company posted $0.42 EPS. The company’s revenue was down .5% compared to the same quarter last year.
Weibo Stock Performance
Shares of Weibo stock opened at $7.77 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 1.45 and a beta of 0.21. Weibo has a one year low of $7.17 and a one year high of $14.23. The stock’s 50-day moving average is $7.97 and its 200-day moving average is $8.61.
Wall Street Analyst Weigh In
Separately, Morgan Stanley lowered their price target on Weibo from $8.00 to $7.50 and set an “underweight” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.23.
About Weibo
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover 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.
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