Phoenix New Media Limited (FENG) Releases Earnings Results, Beats Estimates By $0.09 EPS
Phoenix New Media Limited (NYSE:FENG) posted its quarterly earnings data on Tuesday. The information services provider reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.09, Briefing.com reports. Phoenix New Media Limited had a net margin of 2.56% and a return on equity of 1.89%. The company had revenue of $58 million during the quarter, compared to the consensus estimate of $54.49 million. During the same period in the prior year, the business posted $0.01 EPS. The company’s quarterly revenue was up 29.8% on a year-over-year basis.
Phoenix New Media Limited (NYSE:FENG) traded up 2.50% during trading on Tuesday, hitting $2.87. 46,851 shares of the stock were exchanged. Phoenix New Media Limited has a 52 week low of $2.43 and a 52 week high of $4.30. The firm has a market cap of $221.08 million, a PE ratio of 39.86 and a beta of 1.13. The firm’s 50-day moving average is $2.69 and its 200 day moving average is $3.21.
An institutional investor recently raised its position in Phoenix New Media Limited stock. State Street Corp raised its stake in Phoenix New Media Limited (NYSE:FENG) by 18.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,261 shares of the information services provider’s stock after buying 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. Institutional investors own 14.00% of the company’s stock.
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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