Phoenix New Media (NYSE:FENG) Announces Quarterly Earnings Results

Phoenix New Media (NYSE:FENG) issued its quarterly earnings data on Tuesday. The information services provider reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.06) by $1.05, FiscalAI reports. The firm had revenue of $31.90 million during the quarter, compared to the consensus estimate of $32.55 million. Phoenix New Media had a net margin of 1.76% and a return on equity of 1.31%.

Phoenix New Media Stock Down 1.0%

Phoenix New Media stock traded down $0.01 during midday trading on Tuesday, reaching $1.52. The stock had a trading volume of 1,292 shares, compared to its average volume of 9,456. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $1.54 and a two-hundred day moving average price of $1.69. Phoenix New Media has a 12 month low of $1.39 and a 12 month high of $3.65. The company has a market capitalization of $18.32 million, a P/E ratio of 9.53 and a beta of -0.20.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Phoenix New Media in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

About Phoenix New Media

Phoenix New Media Inc is a leading Chinese new media company that provides online news and information services through its flagship portal, ifeng.com, as well as a suite of mobile applications and video platforms. The company offers a wide array of multimedia content, including live streaming news, on-demand video, audio programming and article publishing across topics such as finance, technology, entertainment, lifestyle and sports. In addition to content distribution, Phoenix New Media generates revenue through digital advertising and subscription services.

Formed as a spin-off of its parent Nanfang Media Group’s overseas broadcasting business, Phoenix New Media was established to capitalize on the rapid growth of Internet and mobile consumption in China.