Fang (NYSE:SFUN) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Fang (NYSE:SFUN) announced its quarterly earnings results on Friday. The information services provider reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.05), Morningstar.com reports. Fang had a negative net margin of 20.22% and a positive return on equity of 6.08%. The business had revenue of $67.56 million during the quarter.

NYSE:SFUN traded down $0.11 during trading hours on Friday, hitting $2.07. 3,387,307 shares of the stock were exchanged, compared to its average volume of 344,873. Fang has a 52-week low of $1.46 and a 52-week high of $15.65. The firm’s fifty day moving average price is $2.06 and its 200 day moving average price is $1.51. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.60. The company has a market cap of $162.99 million, a P/E ratio of 4.14 and a beta of 1.08.

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Fang by 12.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 961,099 shares of the information services provider’s stock valued at $1,374,000 after buying an additional 103,272 shares during the period. Norges Bank acquired a new position in shares of Fang in the 4th quarter valued at about $3,104,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Fang by 1,582.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 52,957 shares of the information services provider’s stock valued at $71,000 after buying an additional 49,810 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Fang by 81.5% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 43,812 shares of the information services provider’s stock valued at $59,000 after buying an additional 19,676 shares during the period. Finally, Fosun International Ltd lifted its holdings in shares of Fang by 1.3% in the 1st quarter. Fosun International Ltd now owns 16,180,848 shares of the information services provider’s stock valued at $21,844,000 after buying an additional 212,329 shares during the period.



Separately, Zacks Investment Research upgraded Fang from a “sell” rating to a “hold” rating and set a $3.25 price target for the company in a research note on Monday, July 1st.

About Fang

Fang Holdings Limited operates a real estate Internet portal in the People's Republic of China. The company's portal offers listing, marketing, e-commerce, financial, and other value-added services. It supports active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors.

Further Reading: Stock Symbols and CUSIP Explained

Earnings History for Fang (NYSE:SFUN)

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