SouFun Holdings Limited (SFUN) Announces Earnings Results
SouFun Holdings Limited (NYSE:SFUN) announced its quarterly earnings results on Friday. The information services provider reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01, RTT News reports. SouFun Holdings Limited had a negative return on equity of 8.80% and a negative net margin of 4.57%. The firm had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $106.39 million. During the same period in the prior year, the business posted ($0.03) earnings per share. The business’s revenue was down 55.1% compared to the same quarter last year.
Shares of SouFun Holdings Limited (NYSE SFUN) opened at $4.70 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.54. SouFun Holdings Limited has a 1-year low of $2.46 and a 1-year high of $5.27.
A number of brokerages have weighed in on SFUN. BidaskClub upgraded SouFun Holdings Limited from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded SouFun Holdings Limited from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $3.73.
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About SouFun Holdings Limited
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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