Autohome Inc. (NYSE:ATHM) Plans Dividend Increase – $1.15 Per Share

Autohome Inc. (NYSE:ATHMGet Free Report) announced a Variable dividend on Wednesday, November 6th, Zacks reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 1.15 per share by the information services provider on Wednesday, March 19th. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Autohome’s previous Variable dividend of $0.57.

Autohome has raised its dividend by an average of 31.0% annually over the last three years.

Autohome Trading Down 0.3 %

NYSE ATHM traded down $0.09 on Thursday, hitting $27.93. 32,185 shares of the company were exchanged, compared to its average volume of 473,151. The company has a market cap of $3.39 billion, a PE ratio of 13.09 and a beta of 0.18. The stock has a fifty day moving average of $29.47 and a 200-day moving average of $27.46. Autohome has a 12 month low of $21.89 and a 12 month high of $34.70.

Autohome (NYSE:ATHMGet Free Report) last released its quarterly earnings data on Wednesday, November 6th. The information services provider reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. Autohome had a net margin of 25.81% and a return on equity of 8.19%. The company had revenue of $252.87 million for the quarter, compared to analysts’ expectations of $248.99 million. On average, analysts expect that Autohome will post 2.02 earnings per share for the current year.

Autohome announced that its Board of Directors has approved a share buyback plan on Wednesday, September 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ATHM shares. CLSA cut Autohome from an “outperform” rating to a “hold” rating in a report on Thursday, October 24th. Citigroup reaffirmed a “neutral” rating and issued a $28.00 price objective (down from $31.00) on shares of Autohome in a research note on Friday, July 19th. Benchmark downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Hsbc Global Res upgraded Autohome to a “strong-buy” rating in a research note on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Autohome currently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Check Out Our Latest Stock Analysis on Autohome

Autohome Company Profile

(Get Free Report)

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.

See Also

Dividend History for Autohome (NYSE:ATHM)

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