Weibo (WB) Expected to Announce Quarterly Earnings on Thursday

Weibo (NASDAQ:WB) is projected to release its earnings data before the market opens on Thursday, March 13th. Analysts expect Weibo to post earnings of $0.44 per share and revenue of $451.76 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Weibo Stock Up 5.9 %

Shares of WB stock opened at $10.67 on Thursday. The stock’s 50 day simple moving average is $10.00 and its 200 day simple moving average is $9.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57. Weibo has a twelve month low of $7.03 and a twelve month high of $12.40. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 7.31 and a beta of 0.27.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WB. StockNews.com raised Weibo from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Benchmark reissued a “hold” rating on shares of Weibo in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.28.

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.