Autohome (NYSE:ATHM – Get Free Report) announced that its board has initiated a share buyback program on Wednesday, September 4th, RTT News reports. The company plans to repurchase $0.00 in shares. This repurchase authorization permits the information services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Analysts Set New Price Targets
ATHM has been the subject of a number of recent research reports. StockNews.com raised Autohome from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Benchmark downgraded Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Citigroup reissued a “neutral” rating and issued a $28.00 target price (down from $31.00) on shares of Autohome in a research report on Friday, July 19th.
Read Our Latest Analysis on Autohome
Autohome Price Performance
Autohome (NYSE:ATHM – Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The information services provider reported $4.71 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $4.12. Autohome had a return on equity of 8.19% and a net margin of 25.81%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts forecast that Autohome will post 1.96 EPS for the current year.
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.
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