Phoenix New Media (NYSE:FENG) issued its earnings results on Monday. The information services provider reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.20) by $1.06, Morningstar.com reports. Phoenix New Media had a negative net margin of 9.15% and a negative return on equity of 4.04%. The company had revenue of $57.55 million for the quarter. Phoenix New Media updated its Q3 2019 guidance to EPS.
Shares of Phoenix New Media stock traded up $0.37 during trading on Tuesday, reaching $3.13. The company’s stock had a trading volume of 135,012 shares, compared to its average volume of 63,001. The stock has a 50-day moving average of $2.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.41 and a quick ratio of 1.41. Phoenix New Media has a one year low of $2.56 and a one year high of $5.30. The firm has a market capitalization of $196.04 million, a PE ratio of -24.08 and a beta of 2.13.
Institutional investors have recently added to or reduced their stakes in the stock. International Value Advisers LLC boosted its position in Phoenix New Media by 6.7% in the second quarter. International Value Advisers LLC now owns 4,447,732 shares of the information services provider’s stock worth $14,455,000 after purchasing an additional 279,009 shares during the last quarter. FIL Ltd boosted its position in Phoenix New Media by 6.3% in the first quarter. FIL Ltd now owns 1,738,091 shares of the information services provider’s stock worth $7,317,000 after purchasing an additional 103,531 shares during the last quarter. Millennium Management LLC boosted its position in Phoenix New Media by 232.6% in the fourth quarter. Millennium Management LLC now owns 94,661 shares of the information services provider’s stock worth $303,000 after purchasing an additional 66,198 shares during the last quarter. Geode Capital Management LLC purchased a new position in Phoenix New Media in the fourth quarter worth $137,000. Finally, Dimensional Fund Advisors LP boosted its position in Phoenix New Media by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 254,498 shares of the information services provider’s stock worth $813,000 after purchasing an additional 3,813 shares during the last quarter. 15.61% of the stock is owned by institutional investors and hedge funds.
Phoenix New Media Company Profile
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.
Further Reading: What is diluted earnings per share (Diluted EPS)?
Receive News & Ratings for Phoenix New Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phoenix New Media and related companies with MarketBeat.com's FREE daily email newsletter.