Autohome Inc. (NYSE:ATHM) Expected to Post Quarterly Sales of $220.91 Million

Wall Street brokerages predict that Autohome Inc. (NYSE:ATHMGet Rating) will post $220.91 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Autohome’s earnings. The lowest sales estimate is $218.75 million and the highest is $225.19 million. Autohome posted sales of $281.08 million in the same quarter last year, which would indicate a negative year over year growth rate of 21.4%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Autohome will report full-year sales of $1.08 billion for the current year, with estimates ranging from $1.07 billion to $1.09 billion. For the next year, analysts forecast that the company will post sales of $1.17 billion, with estimates ranging from $1.14 billion to $1.21 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Autohome.

Autohome (NYSE:ATHMGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The information services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Autohome had a return on equity of 11.85% and a net margin of 29.63%. The company had revenue of $265.80 million for the quarter, compared to analysts’ expectations of $265.90 million. During the same period last year, the firm earned $1.52 EPS. The firm’s revenue for the quarter was down 30.2% on a year-over-year basis.

Several equities research analysts have recently weighed in on ATHM shares. JPMorgan Chase & Co. reduced their price objective on Autohome from $33.00 to $25.00 in a research note on Monday, March 14th. Citigroup raised Autohome from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Thursday, April 28th. StockNews.com started coverage on Autohome in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Benchmark raised Autohome from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Monday, February 28th. Finally, Zacks Investment Research raised Autohome from a “sell” rating to a “hold” rating in a research report on Friday, May 6th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $47.29.

Shares of ATHM stock traded up $0.78 during mid-day trading on Wednesday, hitting $25.98. 492,497 shares of the stock traded hands, compared to its average volume of 609,293. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 9.73 and a beta of 0.24. The company’s 50-day simple moving average is $28.19 and its 200-day simple moving average is $31.03. Autohome has a twelve month low of $20.49 and a twelve month high of $92.94.

The business also recently disclosed an annual dividend, which was paid on Tuesday, April 5th. Stockholders of record on Monday, March 21st were paid a $0.53 dividend. The ex-dividend date was Friday, March 18th. This represents a dividend yield of 1.95%. Autohome’s dividend payout ratio is currently 19.10%.

Several hedge funds have recently added to or reduced their stakes in the company. HM Payson & Co. bought a new stake in Autohome during the 1st quarter worth approximately $27,000. Fieldpoint Private Securities LLC grew its position in Autohome by 191.2% during the 4th quarter. Fieldpoint Private Securities LLC now owns 990 shares of the information services provider’s stock worth $29,000 after acquiring an additional 650 shares during the last quarter. Lindbrook Capital LLC grew its position in Autohome by 159.9% during the 1st quarter. Lindbrook Capital LLC now owns 941 shares of the information services provider’s stock worth $29,000 after acquiring an additional 579 shares during the last quarter. Eagle Bay Advisors LLC grew its position in Autohome by 100.0% during the 3rd quarter. Eagle Bay Advisors LLC now owns 1,124 shares of the information services provider’s stock worth $54,000 after acquiring an additional 562 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in Autohome by 79.8% during the 4th quarter. Parallel Advisors LLC now owns 1,825 shares of the information services provider’s stock worth $54,000 after acquiring an additional 810 shares during the last quarter. Institutional investors own 51.44% of the company’s stock.

About Autohome (Get Rating)

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.

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