Autohome (ATHM) Trading 9.5% Higher on Earnings Beat
Autohome Inc (NYSE:ATHM)’s share price traded up 9.5% during trading on Tuesday following a stronger than expected earnings report. The company traded as high as $71.40 and last traded at $70.56. 1,356,490 shares traded hands during trading, an increase of 53% from the average session volume of 887,262 shares. The stock had previously closed at $64.46.
The information services provider reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.06. The company had revenue of $275.00 million for the quarter, compared to analysts’ expectations of $269.16 million. Autohome had a net margin of 36.15% and a return on equity of 27.64%. Autohome’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share.
Several research analysts recently weighed in on the stock. Benchmark decreased their price objective on shares of Autohome from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday. ValuEngine cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. Zacks Investment Research upgraded shares of Autohome from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Wednesday, October 31st. CLSA set a $95.00 price target on shares of Autohome and gave the company a “buy” rating in a research report on Tuesday, October 16th. Finally, JPMorgan Chase & Co. began coverage on shares of Autohome in a research report on Wednesday, August 29th. They set a “hold” rating and a $80.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $87.80.
The company has a market cap of $8.11 billion, a price-to-earnings ratio of 26.83 and a beta of 1.86.
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Autohome Company Profile (NYSE:ATHM)
Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.
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