MercadoLibre, Inc. (NASDAQ:MELI) – Equities researchers at KeyCorp lifted their Q2 2017 earnings per share estimates for shares of MercadoLibre in a research report issued on Tuesday. KeyCorp analyst B. Erickson now expects that the company will post earnings per share of $1.37 for the quarter, up from their previous estimate of $1.35. KeyCorp also issued estimates for MercadoLibre’s Q3 2017 earnings at $1.27 EPS, Q4 2017 earnings at $1.34 EPS, Q1 2018 earnings at $1.46 EPS, Q3 2018 earnings at $1.64 EPS and Q4 2018 earnings at $1.69 EPS.
MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.45. The business had revenue of $316.53 million for the quarter, compared to the consensus estimate of $312.16 million. MercadoLibre had a return on equity of 41.12% and a net margin of 16.10%. The firm’s revenue was up 58.6% on a year-over-year basis. During the same quarter last year, the company earned $0.74 earnings per share. ILLEGAL ACTIVITY WARNING: This news story was first reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.com-unik.info/2017/08/15/equities-analysts-offer-predictions-for-mercadolibre-inc-s-q2-2017-earnings-nasdaqmeli-updated.html.
MELI has been the topic of several other research reports. Credit Suisse Group boosted their price objective on shares of MercadoLibre from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. BidaskClub lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Barclays PLC restated a “buy” rating and issued a $275.00 target price on shares of MercadoLibre in a report on Sunday, May 7th. Zacks Investment Research lowered shares of MercadoLibre from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of MercadoLibre from a “buy” rating to a “neutral” rating and dropped their target price for the company from $309.00 to $290.00 in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $256.69.
MercadoLibre (MELI) opened at 292.38 on Thursday. MercadoLibre has a 12 month low of $148.98 and a 12 month high of $297.95. The firm has a 50-day moving average price of $270.73 and a 200-day moving average price of $237.44. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 83.30 and a beta of 2.05.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.21%. MercadoLibre’s dividend payout ratio is currently 17.14%.
Several large investors have recently bought and sold shares of the company. Cookson Peirce & Co. Inc. raised its stake in MercadoLibre by 6.5% in the first quarter. Cookson Peirce & Co. Inc. now owns 18,580 shares of the company’s stock worth $3,929,000 after buying an additional 1,130 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in MercadoLibre by 14.7% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,196 shares of the company’s stock worth $675,000 after buying an additional 410 shares in the last quarter. Nikko Asset Management Americas Inc. raised its stake in MercadoLibre by 20.0% in the first quarter. Nikko Asset Management Americas Inc. now owns 3,000 shares of the company’s stock worth $634,000 after buying an additional 500 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in MercadoLibre during the first quarter worth $169,000. Finally, Shell Asset Management Co. raised its stake in MercadoLibre by 10.6% in the first quarter. Shell Asset Management Co. now owns 10,544 shares of the company’s stock worth $2,230,000 after buying an additional 1,013 shares in the last quarter. Institutional investors own 91.95% of the company’s stock.
MercadoLibre Company Profile
MercadoLibre, Inc is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America).
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