Zacks: Analysts Anticipate Autohome Inc. (NYSE:ATHM) Will Announce Earnings of $0.51 Per Share
Brokerages predict that Autohome Inc. (NYSE:ATHM) will post earnings per share (EPS) of $0.51 for the current quarter, according to Zacks. Zero analysts have made estimates for Autohome’s earnings. Autohome reported earnings of $0.45 per share during the same quarter last year, which indicates a positive year over year growth rate of 13.3%. The company is scheduled to issue its next earnings results on Tuesday, August 15th.
On average, analysts expect that Autohome will report full year earnings of $1.95 per share for the current year, with EPS estimates ranging from $1.94 to $1.95. For the next year, analysts expect that the business will post earnings of $2.30 per share, with EPS estimates ranging from $2.20 to $2.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Autohome.
Autohome (NYSE:ATHM) last posted its quarterly earnings data on Wednesday, May 10th. The information services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.12. The business had revenue of $195.90 million during the quarter, compared to the consensus estimate of $189.69 million. Autohome had a net margin of 21.10% and a return on equity of 21.42%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 earnings per share.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Autohome from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Monday, July 10th. UBS AG cut Autohome from a “neutral” rating to a “sell” rating in a report on Friday, June 2nd. HSBC Holdings plc reiterated a “buy” rating and issued a $45.00 price target (up previously from $36.00) on shares of Autohome in a report on Monday, May 15th. Finally, Benchmark Co. started coverage on Autohome in a report on Tuesday, April 18th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $39.25.
A number of institutional investors have recently modified their holdings of the company. US Bancorp DE boosted its position in shares of Autohome by 0.8% in the first quarter. US Bancorp DE now owns 48,226 shares of the information services provider’s stock worth $1,532,000 after buying an additional 386 shares during the period. NN Investment Partners Holdings N.V. acquired a new position in shares of Autohome during the second quarter worth $110,000. Acadian Asset Management LLC acquired a new position in shares of Autohome during the first quarter worth $154,000. Vontobel Asset Management Inc. boosted its position in shares of Autohome by 3.2% in the first quarter. Vontobel Asset Management Inc. now owns 187,064 shares of the information services provider’s stock worth $5,945,000 after buying an additional 5,879 shares during the period. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of Autohome during the second quarter worth $277,000. 30.12% of the stock is owned by institutional investors and hedge funds.
Shares of Autohome (NYSE:ATHM) traded up 2.63% during midday trading on Thursday, reaching $47.61. 549,641 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $45.25 and a 200-day moving average of $36.36. The company has a market capitalization of $5.50 billion, a PE ratio of 28.68 and a beta of 2.24. Autohome has a 1-year low of $19.60 and a 1-year high of $48.97.
Autohome Company Profile
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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