SouFun Holdings Limited (SFUN) Releases Quarterly Earnings Results, Hits Expectations

SouFun Holdings Limited (NYSE:SFUN) released its quarterly earnings data on Friday. The information services provider reported $0.03 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03, RTT News reports. SouFun Holdings Limited had a negative return on equity of 8.80% and a negative net margin of 4.57%. The company had revenue of $112.20 million for the quarter, compared to the consensus estimate of $106.39 million. SouFun Holdings Limited’s revenue for the quarter was down 55.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) EPS.

Shares of SouFun Holdings Limited (NYSE:SFUN) traded down $0.28 on Friday, reaching $4.70. The company’s stock had a trading volume of 7,200,000 shares, compared to its average volume of 2,250,000. SouFun Holdings Limited has a 52-week low of $2.46 and a 52-week high of $5.27. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.01 and a current ratio of 1.01.

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Several research analysts have commented on SFUN shares. Zacks Investment Research downgraded SouFun Holdings Limited from a “buy” rating to a “hold” rating in a report on Friday, July 21st. BidaskClub raised SouFun Holdings Limited from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $3.73.

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.

Earnings History for SouFun Holdings Limited (NYSE:SFUN)

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