Cheetah Mobile Inc (NYSE:CMCM) Announces — Dividend of $0.50

Cheetah Mobile Inc (NYSE:CMCM) announced a — dividend on Wednesday, August 28th, Wall Street Journal reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.50 per share by the software maker on Monday, September 30th. The ex-dividend date of this dividend is Thursday, September 12th.

CMCM stock traded up $0.18 during trading on Wednesday, hitting $4.48. The stock had a trading volume of 30,562 shares, compared to its average volume of 791,751. Cheetah Mobile has a twelve month low of $2.90 and a twelve month high of $10.42. The stock has a market capitalization of $597.70 million, a P/E ratio of 3.64 and a beta of 1.89. The company’s 50-day moving average price is $3.57 and its two-hundred day moving average price is $4.97.

Cheetah Mobile (NYSE:CMCM) last announced its earnings results on Tuesday, August 20th. The software maker reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.79). The firm had revenue of $141.32 million for the quarter. Cheetah Mobile had a net margin of 20.61% and a return on equity of 17.98%. As a group, equities analysts anticipate that Cheetah Mobile will post -0.06 earnings per share for the current fiscal year.

Several research analysts recently commented on CMCM shares. Jefferies Financial Group assumed coverage on Cheetah Mobile in a research note on Monday, August 5th. They issued an “underperform” rating and a $2.90 price objective for the company. Macquarie set a $3.00 target price on shares of Cheetah Mobile and gave the stock a “sell” rating in a research note on Monday, June 17th. ValuEngine lowered shares of Cheetah Mobile from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 4th. Finally, Nomura reduced their target price on shares of Cheetah Mobile from $7.00 to $3.60 and set a “neutral” rating for the company in a research report on Monday, June 17th.

Cheetah Mobile Company Profile

Cheetah Mobile Inc operates as a mobile Internet company worldwide. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; Battery Doctor, a power optimization tool for mobile devices; Cheetah Browser, a Web browser for PCs and mobile devices; CM Browser, a mobile browser to protect users from malicious threats; and CM Launcher, which provides personalized experience in using smart phones.

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