Phoenix New Media Limited (NYSE:FENG) announced its quarterly earnings results on Monday. The information services provider reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.09, Briefing.com reports. Phoenix New Media Limited had a return on equity of 3.00% and a net margin of 4.39%. The firm had revenue of $64.00 million during the quarter, compared to the consensus estimate of $61.20 million. During the same period in the prior year, the firm earned $0.05 EPS. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year.
Shares of Phoenix New Media Limited (NYSE:FENG) opened at $5.37 on Tuesday. Phoenix New Media Limited has a twelve month low of $2.43 and a twelve month high of $6.73. The stock has a market capitalization of $391.53, a price-to-earnings ratio of 42.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.20 and a quick ratio of 2.20.
A hedge fund recently raised its stake in Phoenix New Media Limited stock. State Street Corp grew its holdings in shares of Phoenix New Media Limited (NYSE:FENG) by 18.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,261 shares of the information services provider’s stock after acquiring an additional 16,457 shares during the period. State Street Corp owned about 0.14% of Phoenix New Media Limited worth $274,000 as of its most recent SEC filing. 12.28% of the stock is currently owned by hedge funds and other institutional investors.
Separately, BidaskClub upgraded Phoenix New Media Limited from a “hold” rating to a “buy” rating in a report on Friday, August 25th.
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Phoenix New Media Limited Company Profile
Phoenix New Media Limited is a media company providing content on an integrated platform across Internet, mobile and television channels in China. The Company enables consumers to access professional news and other information, and upload text and images (UGC) on the Internet and through their mobile devices.
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