Phoenix New Media (FENG) to Release Earnings on Monday
Phoenix New Media (NASDAQ:FENG) is set to post its quarterly earnings results on Monday, August 11th. Individual interested in registering for the company’s earnings conference call can do so using this link.
Phoenix New Media (NASDAQ:FENG) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.59 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.62 by $0.03. On average, analysts expect Phoenix New Media to post $4.29 EPS for the current fiscal year and $5.45 EPS for the next fiscal year.
Phoenix New Media (NASDAQ:FENG) opened at 10.52 on Friday. Phoenix New Media has a 1-year low of $7.15 and a 1-year high of $13.58. The stock has a 50-day moving average of $10.39 and a 200-day moving average of $10.37. The company has a market cap of $810.4 million and a P/E ratio of 16.43.
A number of analysts have recently weighed in on FENG shares. Analysts at TheStreet upgraded shares of Phoenix New Media from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. On the ratings front, analysts at Deutsche Bank cut their price target on shares of Phoenix New Media from $16.20 to $15.70 in a research note on Tuesday, May 13th. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Phoenix New Media in a research note on Tuesday, May 13th. They now have a $10.20 price target on the stock.
Phoenix New Media Limited (NASDAQ:FENG) is a new media company providing content on an integrated platform across Internet, mobile and television (TV) channels in China.
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