SouFun Holdings Limited (SFUN) to Release Earnings on Tuesday
SouFun Holdings Limited (NYSE:SFUN) will post its quarterly earnings results before the market opens on Tuesday, August 29th. Analysts expect SouFun Holdings Limited to post earnings of $0.02 per share for the quarter.
SouFun Holdings Limited (NYSE:SFUN) last posted its quarterly earnings data on Tuesday, June 20th. The information services provider reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. SouFun Holdings Limited had a negative return on equity of 14.64% and a negative net margin of 8.27%. The business had revenue of $109.80 million during the quarter, compared to the consensus estimate of $123.73 million. During the same period last year, the business posted ($0.23) earnings per share. The business’s revenue was down 46.3% on a year-over-year basis. On average, analysts expect SouFun Holdings Limited to post $0.09 EPS for the current fiscal year and $0.19 EPS for the next fiscal year.
SouFun Holdings Limited (NYSE SFUN) opened at 3.66 on Monday. SouFun Holdings Limited has a 52-week low of $2.46 and a 52-week high of $4.81. The company’s market capitalization is $1.62 billion. The stock has a 50 day moving average price of $3.24 and a 200 day moving average price of $3.28.
Several equities research analysts have issued reports on the stock. BidaskClub raised shares of SouFun Holdings Limited from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research cut shares of SouFun Holdings Limited from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Bank of America Corporation reissued a “buy” rating and issued a $4.60 price objective (down from $5.00) on shares of SouFun Holdings Limited in a research report on Wednesday, June 21st. T.H. Capital lowered their price objective on shares of SouFun Holdings Limited from $9.00 to $4.50 and set a “buy” rating for the company in a research report on Friday, June 16th. Finally, UBS AG cut shares of SouFun Holdings Limited from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $3.73.
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SouFun Holdings Limited Company Profile
Fang Holdings Limited, formerly SouFun Holdings Limited, operates as a real estate Internet portal in China. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China.
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