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, Briefing.com 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.
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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.
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