Autohome (NYSE:ATHM) Announces Quarterly Earnings Results

Autohome (NYSE:ATHM) announced its earnings results on Thursday. The information services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01, Zacks reports. The business had revenue of $244.33 million for the quarter, compared to analysts’ expectations of $243.26 million. Autohome had a return on equity of 7.79% and a net margin of 24.36%.

Autohome Stock Down 0.8 %

ATHM stock opened at $29.94 on Friday. Autohome has a twelve month low of $21.89 and a twelve month high of $34.70. The stock has a market cap of $3.63 billion, a P/E ratio of 14.89 and a beta of 0.18. The business’s 50-day moving average price is $27.36 and its 200-day moving average price is $27.72.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com cut Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday. The Goldman Sachs Group raised Autohome to a “hold” rating in a research report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $28.00.

Autohome Company Profile

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.