Brokerages Anticipate Phoenix New Media Ltd (FENG) to Announce $0.05 EPS

Phoenix New Media Ltd (NYSE:FENG) has earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokers have set a 1 year consensus price objective of $9.05 for the company and are expecting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also assigned Phoenix New Media an industry rank of 98 out of 255 based on the ratings given to its competitors.

Several brokerages have commented on FENG. Zacks Investment Research downgraded shares of Phoenix New Media from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine cut shares of Phoenix New Media from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Macquarie boosted 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 note on Thursday, August 16th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $10.00 target price on shares of Phoenix New Media in a research note on Wednesday, August 29th.

Shares of FENG opened at $3.35 on Tuesday. Phoenix New Media has a one year low of $3.35 and a one year high of $8.14. The company has a market cap of $256.81 million, a price-to-earnings ratio of 59.17 and a beta of 2.25. 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 (NYSE:FENG) last announced its quarterly earnings data on Tuesday, August 14th. The information services provider reported $0.10 EPS for the quarter, beating the consensus estimate of $0.06 by $0.04. Phoenix New Media had a net margin of 2.14% and a return on equity of 1.31%. The business had revenue of $54.78 million during the quarter. On average, sell-side analysts anticipate that Phoenix New Media will post 0.07 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Phoenix New Media by 9.1% during the second quarter. BlackRock Inc. now owns 597,554 shares of the information services provider’s stock worth $2,540,000 after buying an additional 49,694 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Phoenix New Media by 8.3% during the first quarter. Dimensional Fund Advisors LP now owns 242,005 shares of the information services provider’s stock worth $1,053,000 after buying an additional 18,641 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Phoenix New Media by 741.9% during the first quarter. JPMorgan Chase & Co. now owns 27,133 shares of the information services provider’s stock worth $118,000 after buying an additional 23,910 shares during the last quarter. 15.33% of the stock is currently owned by hedge funds and other institutional investors.

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.

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