Autohome Inc. (ATHM) Issues Earnings Results
Autohome Inc. (NYSE:ATHM) released its earnings results on Tuesday. The information services provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06, Briefing.com reports. The firm had revenue of $232.70 million for the quarter, compared to analysts’ expectations of $226.50 million. Autohome had a net margin of 23.17% and a return on equity of 22.64%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 earnings per share.
Shares of Autohome (NYSE:ATHM) traded up $5.80 during mid-day trading on Tuesday, hitting $64.88. 3,764,461 shares of the company were exchanged, compared to its average volume of 1,010,000. The stock has a market cap of $7,560.00, a PE ratio of 31.85, a P/E/G ratio of 1.48 and a beta of 2.12. Autohome has a 12 month low of $22.07 and a 12 month high of $67.69.
A number of research analysts have weighed in on the stock. BidaskClub upgraded shares of Autohome from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Autohome from a “hold” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a research note on Thursday, October 12th. Credit Suisse Group assumed coverage on shares of Autohome in a research note on Tuesday, October 3rd. They issued an “outperform” rating and a $70.80 target price on the stock. Benchmark Co. upgraded shares of Autohome from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Thursday, August 10th. Finally, Deutsche Bank AG upgraded shares of Autohome from a “hold” rating to a “buy” rating and boosted their target price for the company from $36.00 to $65.00 in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $63.36.
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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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