Phoenix New Media (NYSE:FENG) Releases Earnings Results, Beats Estimates By $1.04 EPS

Phoenix New Media (NYSE:FENG) announced its earnings results on Tuesday. The information services provider reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.06) by $1.04, FiscalAI reports. Phoenix New Media had a net margin of 3.62% and a return on equity of 2.78%. The company had revenue of $32.45 million for the quarter, compared to analyst estimates of $32.54 million.

Phoenix New Media Trading Down 1.8%

NYSE:FENG traded down $0.03 on Tuesday, hitting $1.38. 200 shares of the stock were exchanged, compared to its average volume of 10,137. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.89 and a current ratio of 2.89. Phoenix New Media has a 52 week low of $1.34 and a 52 week high of $2.33. The stock has a market capitalization of $16.51 million, a price-to-earnings ratio of 3.82 and a beta of -0.25. The company’s 50-day moving average price is $1.43 and its 200 day moving average price is $1.62.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Phoenix New Media from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, October 20th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

About Phoenix New Media

Phoenix New Media Limited is a Chinese digital media company best known for operating the ifeng.com online media platform. Its services include news and information, business and finance coverage, opinion and lifestyle content, video, audio, and other entertainment programming delivered through websites, mobile applications, and related digital channels. The company generates revenue primarily through online advertising and paid digital services. It also distributes content produced by or associated with Phoenix TV, as well as material from third-party sources, and has developed mobile and video products to reach audiences across multiple devices.