Full Truck Alliance Co. Ltd. Sponsored ADR Plans Quarterly Dividend of $0.08 (NYSE:YMM)

Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) announced a quarterly dividend on Wednesday, August 19th. Shareholders of record on Wednesday, October 14th will be paid a dividend of 0.084 per share on Wednesday, October 28th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 14th.

Full Truck Alliance has a payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Full Truck Alliance to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 18.8%.

Full Truck Alliance Stock Down 1.2%

NYSE:YMM opened at $8.70 on Thursday. The firm has a market capitalization of $9.07 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 0.77 and a beta of 0.35. Full Truck Alliance has a 12-month low of $7.45 and a 12-month high of $14.07. The firm has a 50-day moving average price of $8.76 and a 200 day moving average price of $8.84.

Full Truck Alliance (NYSE:YMM) last released its quarterly earnings data on Friday, August 14th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Full Truck Alliance had a return on equity of 10.52% and a net margin of 32.68%.The company had revenue of $497.73 million for the quarter, compared to the consensus estimate of $463.13 million. On average, research analysts expect that Full Truck Alliance will post 0.69 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on YMM. UBS Group reiterated a “buy” rating and issued a $13.36 price target on shares of Full Truck Alliance in a research report on Wednesday, August 5th. Bank of America initiated coverage on Full Truck Alliance in a report on Tuesday, May 5th. They set a “buy” rating and a $11.30 price objective for the company. Nomura set a $11.00 target price on shares of Full Truck Alliance in a research note on Monday, June 15th. Weiss Ratings raised shares of Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $8.60 to $10.00 in a research report on Monday, June 29th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Full Truck Alliance presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.30.

About Full Truck Alliance

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.