Autohome Inc. (NYSE:ATHM) Declares Special Dividend of $0.66

Autohome Inc. (NYSE:ATHM) announced a special dividend on Thursday, May 28th. Investors of record on Thursday, July 2nd will be paid a dividend of 0.66 per share by the information services provider on Friday, July 31st. The ex-dividend date is Thursday, July 2nd.

Autohome has raised its dividend payment by an average of 0.2%per year over the last three years. Autohome has a payout ratio of 90.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Autohome to earn $1.30 per share next year, which means the company may not be able to cover its $1.75 annual dividend with an expected future payout ratio of 134.6%.

Autohome Stock Performance

Shares of ATHM opened at $17.34 on Friday. The business has a 50-day moving average of $17.91 and a 200 day moving average of $20.70. Autohome has a fifty-two week low of $15.57 and a fifty-two week high of $29.92. The firm has a market cap of $2.00 billion, a P/E ratio of 10.57 and a beta of 0.26.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Sunday, February 15th. The information services provider reported $0.09 earnings per share for the quarter. Autohome had a return on equity of 5.94% and a net margin of 21.43%.The company had revenue of $208.96 million during the quarter. As a group, research analysts predict that Autohome will post 1.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ATHM has been the subject of several recent research reports. Wall Street Zen lowered Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. HSBC lowered Autohome from a “buy” rating to a “hold” rating and set a $17.30 price objective for the company. in a report on Thursday, May 14th. Weiss Ratings lowered Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Benchmark reissued a “hold” rating on shares of Autohome in a report on Tuesday, February 24th. Finally, Zacks Research raised Autohome from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Autohome has an average rating of “Reduce” and an average target price of $22.65.

Autohome Company Profile

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.