ATRenew Inc. Sponsored ADR (NYSE:RERE) Announces Dividend of $0.10

Key Points

• ATRenew declared a $0.10 per-share dividend with an ex-dividend and record date of April 6 and a payment scheduled for April 24.
• The company beat quarterly expectations, reporting $0.12 EPS versus a $0.07 consensus and revenue of $893.9M (vs. $887.8M), while analysts expect $0.09 EPS for the current fiscal year.
• Shares traded at $5.62 (up ~0.6%) with a market cap of $1.37B, a P/E of 35.1, and a 12-month range of $2.00 to $6.47.

ATRenew Inc. Sponsored ADR (NYSE:RERE - Get Free Report) declared a dividend on Tuesday, March 10th. Investors of record on Monday, April 6th will be paid a dividend of 0.10 per share on Friday, April 24th. The ex-dividend date is Monday, April 6th.

ATRenew Stock Up 0.6%

ATRenew stock traded up $0.04 during mid-day trading on Thursday, reaching $5.62. 1,130,237 shares of the company's stock were exchanged, compared to its average volume of 1,370,806. ATRenew has a twelve month low of $2.00 and a twelve month high of $6.47. The company has a market cap of $1.37 billion, a P/E ratio of 35.10 and a beta of 0.19. The company has a fifty day moving average of $5.77 and a 200-day moving average of $4.94.

ATRenew (NYSE:RERE - Get Free Report) last announced its quarterly earnings data on Wednesday, March 11th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. ATRenew had a return on equity of 8.91% and a net margin of 1.44%.The business had revenue of $893.92 million during the quarter, compared to analysts' expectations of $887.75 million. Equities research analysts expect that ATRenew will post 0.09 earnings per share for the current fiscal year.

ATRenew Company Profile

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms. The company was formerly known as AiHuiShou International Co Ltd.

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