Phoenix New Media (NYSE:FENG) Announces Earnings Results, Beats Estimates By $0.44 EPS

Phoenix New Media (NYSE:FENG) announced its quarterly earnings data on Tuesday. The information services provider reported ($0.62) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.06) by $0.44, FiscalAI reports. Phoenix New Media had a net margin of 1.76% and a return on equity of 1.31%.

Phoenix New Media Trading Down 1.0%

Shares of Phoenix New Media stock traded down $0.01 during mid-day trading on Tuesday, hitting $1.52. The stock had a trading volume of 1,292 shares, compared to its average volume of 9,456. The firm has a 50-day moving average of $1.54 and a two-hundred day moving average of $1.69. The firm has a market cap of $18.32 million, a P/E ratio of 9.53 and a beta of -0.20. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.01. Phoenix New Media has a 12-month low of $1.39 and a 12-month high of $3.65.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Phoenix New Media in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Phoenix New Media presently has a consensus 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.