Zacks: Brokerages Expect Autohome Inc. (NYSE:ATHM) Will Announce Quarterly Sales of $220.91 Million

Equities analysts forecast that Autohome Inc. (NYSE:ATHMGet Rating) will announce sales of $220.91 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Autohome’s earnings, with the highest sales estimate coming in at $225.19 million and the lowest estimate coming in at $218.75 million. Autohome reported sales of $281.08 million during the same quarter last year, which indicates a negative year-over-year growth rate of 21.4%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Autohome will report full-year sales of $1.08 billion for the current fiscal year, with estimates ranging from $1.07 billion to $1.09 billion. For the next financial year, analysts expect that the company will post sales of $1.17 billion, with estimates ranging from $1.14 billion to $1.21 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Autohome.

Autohome (NYSE:ATHMGet Rating) last issued its earnings results on Thursday, February 24th. The information services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. The business had revenue of $265.80 million for the quarter, compared to analyst estimates of $265.90 million. Autohome had a return on equity of 11.85% and a net margin of 29.63%. The business’s quarterly revenue was down 30.2% on a year-over-year basis. During the same quarter last year, the company earned $1.52 EPS.

Several brokerages have weighed in on ATHM. Benchmark upgraded Autohome from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Monday, February 28th. Zacks Investment Research upgraded Autohome from a “sell” rating to a “hold” rating in a research note on Friday, May 6th. Citigroup upgraded Autohome from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Thursday, April 28th. JPMorgan Chase & Co. reduced their price objective on Autohome from $33.00 to $25.00 in a report on Monday, March 14th. Finally, StockNews.com initiated coverage on Autohome in a report on Thursday, March 31st. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $47.29.

A number of hedge funds and other institutional investors have recently modified their holdings of ATHM. Morgan Stanley boosted its stake in Autohome by 418.2% during the 2nd quarter. Morgan Stanley now owns 177,034 shares of the information services provider’s stock valued at $11,322,000 after purchasing an additional 142,871 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Autohome by 17.0% in the third quarter. Deutsche Bank AG now owns 245,513 shares of the information services provider’s stock valued at $11,522,000 after purchasing an additional 35,714 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Autohome by 247.3% in the third quarter. PNC Financial Services Group Inc. now owns 1,903 shares of the information services provider’s stock valued at $89,000 after purchasing an additional 1,355 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Autohome by 13.9% in the third quarter. Russell Investments Group Ltd. now owns 118,045 shares of the information services provider’s stock valued at $5,504,000 after purchasing an additional 14,431 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of Autohome by 1.2% during the third quarter. Swiss National Bank now owns 155,789 shares of the information services provider’s stock worth $7,311,000 after acquiring an additional 1,800 shares in the last quarter. 51.44% of the stock is owned by hedge funds and other institutional investors.

ATHM opened at $25.98 on Wednesday. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 9.73 and a beta of 0.24. Autohome has a 52 week low of $20.49 and a 52 week high of $93.60. The business’s 50 day moving average is $28.30 and its two-hundred day moving average is $31.34.

The firm also recently disclosed an annual dividend, which was paid on Tuesday, April 5th. Investors of record on Monday, March 21st were issued a $0.53 dividend. This represents a yield of 1.95%. The ex-dividend date of this dividend was Friday, March 18th. Autohome’s dividend payout ratio (DPR) is 19.10%.

About Autohome (Get Rating)

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.

Further Reading

Get a free copy of the Zacks research report on Autohome (ATHM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Autohome Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autohome and related companies with MarketBeat.com's FREE daily email newsletter.