Phoenix New Media Limited (NYSE:FENG) posted its quarterly earnings results on Monday. The information services provider reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.09, Briefing.com reports. The firm had revenue of $64.00 million for the quarter, compared to analysts’ expectations of $61.20 million. Phoenix New Media Limited had a net margin of 4.39% and a return on equity of 3.00%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 earnings per share.
Shares of Phoenix New Media Limited (NYSE:FENG) opened at $5.37 on Tuesday. The stock has a market cap of $391.53, a price-to-earnings ratio of 42.00 and a beta of 1.13. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.01. Phoenix New Media Limited has a twelve month low of $2.43 and a twelve month high of $6.73.
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A hedge fund recently raised its stake in Phoenix New Media Limited stock. State Street Corp boosted its stake in Phoenix New Media Limited (NYSE:FENG) by 18.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,261 shares of the information services provider’s stock after acquiring an additional 16,457 shares during the period. State Street Corp owned 0.14% of Phoenix New Media Limited worth $274,000 at the end of the most recent reporting period. 12.28% of the stock is owned by hedge funds and other institutional investors.
Separately, BidaskClub cut shares of Phoenix New Media Limited from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th.
About Phoenix New Media Limited
Phoenix New Media Limited is a media company providing content on an integrated platform across Internet, mobile and television channels in China. The Company enables consumers to access professional news and other information, and upload text and images (UGC) on the Internet and through their mobile devices.
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