Autohome (NYSE:ATHM) Announces Earnings Results

Autohome (NYSE:ATHM) posted its quarterly earnings results on Wednesday. The information services provider reported $4.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $4.12, Briefing.com reports. Autohome had a net margin of 25.69% and a return on equity of 8.24%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year.

Autohome Trading Down 7.8 %

Autohome stock traded down $1.95 during mid-day trading on Thursday, reaching $22.99. The stock had a trading volume of 688,713 shares, compared to its average volume of 469,828. The stock’s 50-day simple moving average is $27.09 and its 200-day simple moving average is $26.55. Autohome has a fifty-two week low of $22.82 and a fifty-two week high of $31.93.

Autohome Dividend Announcement

The business also recently disclosed a Variable dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 10th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a dividend yield of 6.1%. Autohome’s dividend payout ratio is currently 79.62%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ATHM. Benchmark cut Autohome from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Citigroup reaffirmed a “neutral” rating and issued a $28.00 target price (down previously from $31.00) on shares of Autohome in a report on Friday, July 19th.

About Autohome

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.