SouFun Holdings Limited (SFUN) Posts Earnings Results, Hits Expectations
SouFun Holdings Limited (NYSE:SFUN) posted its quarterly earnings results on Friday. The information services provider reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03, RTT News reports. The business had revenue of $112.20 million during the quarter, compared to analyst estimates of $106.39 million. SouFun Holdings Limited had a negative return on equity of 3.52% and a negative net margin of 1.83%. The business’s revenue was down 55.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) earnings per share.
Shares of SouFun Holdings Limited (NYSE SFUN) traded down $0.28 during trading on Friday, reaching $4.70. The company had a trading volume of 7,200,000 shares, compared to its average volume of 2,718,639. SouFun Holdings Limited has a 52 week low of $2.46 and a 52 week high of $5.27. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.54.
A number of equities research analysts have recently issued reports on the company. BidaskClub upgraded SouFun Holdings Limited from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded SouFun Holdings Limited from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. SouFun Holdings Limited presently has a consensus rating of “Hold” and a consensus target price of $3.73.
About SouFun Holdings Limited
Fang Holdings Limited, formerly SouFun Holdings Limited, operates as a real estate Internet portal in China. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China.
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