Phoenix New Media (NYSE:FENG) Posts Earnings Results, Beats Estimates By $0.79 EPS

Phoenix New Media (NYSE:FENG) posted its earnings results on Tuesday. The information services provider reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.06) by $0.79, FiscalAI reports. Phoenix New Media had a return on equity of 0.18% and a net margin of 0.25%.

Phoenix New Media Price Performance

Shares of NYSE:FENG traded up $0.01 during trading on Tuesday, reaching $1.71. 2,808 shares of the company traded hands, compared to its average volume of 3,916. The company’s 50 day moving average is $1.79 and its two-hundred day moving average is $1.92. The firm has a market capitalization of $20.54 million, a PE ratio of 85.50 and a beta of -0.23. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 0.01. Phoenix New Media has a 52 week low of $1.63 and a 52 week high of $3.65.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Phoenix New Media in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Phoenix New Media Company Profile

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.