Phoenix New Media (FENG) Announces Quarterly Earnings Results

Phoenix New Media (NYSE:FENG) released its quarterly earnings data on Monday. The information services provider reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.09, reports. Phoenix New Media had a net margin of 4.32% and a return on equity of 2.87%. The firm had revenue of $71.00 million for the quarter, compared to the consensus estimate of $67.06 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The business’s revenue was up 19.7% on a year-over-year basis.

Phoenix New Media (NYSE FENG) traded up $0.19 during midday trading on Monday, hitting $5.72. 626,704 shares of the stock traded hands, compared to its average volume of 345,929. Phoenix New Media has a 12-month low of $2.43 and a 12-month high of $8.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market cap of $396.55, a price-to-earnings ratio of 42.54 and a beta of 1.41.

Separately, Macquarie upgraded shares of Phoenix New Media from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 14th.

A hedge fund recently raised its stake in Phoenix New Media stock. State Street Corp lifted its position in Phoenix New Media Ltd (NYSE:FENG) by 18.7% in the 2nd quarter, according to the company in its most recent 13F filing 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 quarter. State Street Corp owned approximately 0.14% of Phoenix New Media worth $274,000 at the end of the most recent reporting period. Institutional investors own 16.78% of the company’s stock.

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About Phoenix New Media

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.

Earnings History for Phoenix New Media (NYSE:FENG)

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