Autohome (NYSE:ATHM) Issues Earnings Results

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

Autohome Price Performance

Shares of ATHM stock opened at $30.13 on Friday. The business’s fifty day moving average price is $27.32 and its 200 day moving average price is $27.67. The firm has a market capitalization of $3.65 billion, a PE ratio of 14.99 and a beta of 0.18. Autohome has a 1-year low of $21.89 and a 1-year high of $34.70.

Analysts Set New Price Targets

Several brokerages recently weighed in on ATHM. The Goldman Sachs Group raised Autohome to a “hold” rating in a report on Wednesday, December 11th. StockNews.com cut shares of Autohome from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, CLSA downgraded shares of Autohome from an “outperform” rating to a “hold” rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.00.

About Autohome

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.