Demand Media (DMD) Releases Quarterly Earnings, Beats Estimates By $0.09 EPS
Demand Media (NYSE:DMD) released its earnings data on Thursday. The company reported ($0.05) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.14) by $0.09, American Banking News.com reports. The company had revenue of $89.80 million for the quarter, compared to the consensus estimate of $88.87 million. During the same quarter last year, the company posted $0.10 earnings per share. Demand Media’s revenue was down 11.2% compared to the same quarter last year.
On a related note, analysts at Jefferies Group cut their price target on shares of Demand Media from $5.00 to $4.50 in a research note on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Demand Media presently has a consensus rating of “Hold” and a consensus target price of $6.70.
Shares of Demand Media (NYSE:DMD) traded down 2.93% on Thursday, hitting $10.62. 268,051 shares of the company’s stock traded hands. Demand Media has a 1-year low of $7.1825 and a 1-year high of $13.4722. The stock’s 50-day moving average is $9.73 and its 200-day moving average is $9.54. The company’s market cap is $193.0 million.
Demand Media, Inc (NYSE:DMD), is a diversified Internet media and domain services company.
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