$0.75 EPS Expected for Autohome Inc (ATHM) This Quarter
Wall Street brokerages expect Autohome Inc (NYSE:ATHM) to post earnings per share of $0.75 for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Autohome’s earnings. Autohome reported earnings of $0.55 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 36.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, March 1st.
According to Zacks, analysts expect that Autohome will report full year earnings of $2.53 per share for the current year. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Autohome.
Several brokerages have recently issued reports on ATHM. Citigroup began coverage on shares of Autohome in a report on Tuesday, January 2nd. They issued a “buy” rating and a $83.00 price target for the company. Zacks Investment Research raised shares of Autohome from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Thursday, December 14th. Benchmark boosted their price target on shares of Autohome from $65.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Deutsche Bank boosted their price target on shares of Autohome from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Finally, BidaskClub raised shares of Autohome from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Autohome has a consensus rating of “Buy” and an average target price of $68.97.
Autohome (NYSE:ATHM) traded up $0.41 on Thursday, reaching $73.71. 413,085 shares of the company’s stock were exchanged, compared to its average volume of 578,982. Autohome has a 12-month low of $26.81 and a 12-month high of $74.19. The firm has a market cap of $8,709.72, a price-to-earnings ratio of 35.61 and a beta of 2.06.
The company also recently declared a special dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, January 3rd.
Several hedge funds have recently made changes to their positions in ATHM. Investec Asset Management LTD boosted its stake in Autohome by 20.9% in the 2nd quarter. Investec Asset Management LTD now owns 1,989,109 shares of the information services provider’s stock worth $90,226,000 after purchasing an additional 343,427 shares during the period. Sei Investments Co. boosted its stake in Autohome by 187,278.4% in the 3rd quarter. Sei Investments Co. now owns 69,330 shares of the information services provider’s stock worth $4,165,000 after purchasing an additional 69,293 shares during the period. Profund Advisors LLC acquired a new position in Autohome in the 2nd quarter worth $264,000. BlackRock Inc. boosted its stake in Autohome by 1,380.8% in the 2nd quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock worth $202,938,000 after purchasing an additional 4,171,817 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in Autohome in the 3rd quarter worth $258,000. 38.84% of the stock is owned by institutional investors.
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Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.
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