Phoenix New Media (FENG) Set to Announce Earnings on Monday

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Phoenix New Media (NYSE:FENG) is scheduled to issue its quarterly earnings data after the market closes on Monday, November 12th. Analysts expect the company to announce earnings of $0.04 per share for the quarter.

Phoenix New Media (NYSE:FENG) last released its earnings results on Tuesday, August 14th. The information services provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.04. The business had revenue of $54.78 million for the quarter. Phoenix New Media had a net margin of 2.14% and a return on equity of 1.31%. On average, analysts expect Phoenix New Media to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Phoenix New Media stock traded up $0.13 during trading on Wednesday, hitting $3.74. The stock had a trading volume of 800 shares, compared to its average volume of 171,606. The company has a market cap of $257.53 million, a P/E ratio of 46.75 and a beta of 2.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.21 and a quick ratio of 2.21. Phoenix New Media has a 1 year low of $3.06 and a 1 year high of $8.14.

FENG has been the topic of several analyst reports. ValuEngine raised shares of Phoenix New Media from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised shares of Phoenix New Media from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Macquarie lifted their target price on shares of Phoenix New Media from $7.60 to $8.10 and gave the stock an “outperform” rating in a research report on Thursday, August 16th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a $10.00 target price on shares of Phoenix New Media in a research report on Wednesday, August 29th.

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About Phoenix New Media

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates in two segments, Net Advertising Services and Paid Services. It offers content and services through three channels, including PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.

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Earnings History for Phoenix New Media (NYSE:FENG)

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