Autohome Inc. (ATHM) Announces Quarterly Earnings Results
Autohome Inc. (NYSE:ATHM) issued its quarterly earnings data on Monday. The company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. Autohome had a return on equity of 22.16% and a net margin of 24.95%. The company had revenue of $221.20 million for the quarter, compared to analyst estimates of $207.44 million. During the same period last year, the company earned $0.35 earnings per share. Autohome’s quarterly revenue was up 56.4% compared to the same quarter last year.
Autohome (NYSE:ATHM) opened at 22.61 on Tuesday. Autohome has a 12 month low of $19.32 and a 12 month high of $37.17. The company’s 50-day moving average price is $24.85 and its 200-day moving average price is $24.30. The stock has a market cap of $2.57 billion, a P/E ratio of 15.99 and a beta of 2.08.
Institutional investors have recently added to or reduced their stakes in the company. Greenwoods Asset Management Ltd boosted its position in Autohome by 31.4% in the third quarter. Greenwoods Asset Management Ltd now owns 1,695,600 shares of the company’s stock valued at $46,032,000 after buying an additional 405,600 shares during the last quarter. All Stars Investment Ltd acquired a new position in Autohome during the second quarter valued at about $6,772,000. Value Partners Ltd. ADV acquired a new position in Autohome during the second quarter valued at about $6,033,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in Autohome by 5.8% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,320,040 shares of the company’s stock valued at $129,011,000 after buying an additional 293,341 shares during the last quarter. Finally, Contrarius Investment Management Ltd boosted its position in Autohome by 38.0% in the second quarter. Contrarius Investment Management Ltd now owns 1,056,704 shares of the company’s stock valued at $21,250,000 after buying an additional 290,776 shares during the last quarter. Institutional investors own 22.12% of the company’s stock.
ATHM has been the topic of several research reports. Zacks Investment Research upgraded Autohome from a “sell” rating to a “hold” rating in a research report on Friday, September 2nd. JPMorgan Chase & Co. initiated coverage on Autohome in a research report on Wednesday, August 31st. They issued a “neutral” rating and a $25.00 target price on the stock. Brean Capital restated a “buy” rating on shares of Autohome in a research report on Wednesday, August 31st. Finally, Credit Agricole SA upgraded Autohome from an “underperform” rating to a “buy” rating in a research report on Wednesday, August 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $29.25.
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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