On average, analysts expect that Mercadolibre will report full-year earnings of $4.45 per share for the current fiscal year, with EPS estimates ranging from $3.96 to $4.63. For the next year, analysts forecast that the business will post earnings of $5.94 per share, with EPS estimates ranging from $5.26 to $6.51. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Mercadolibre.
Equities research analysts expect Mercadolibre Inc (NASDAQ:MELI) to post earnings of $1.02 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Mercadolibre’s earnings, with the highest EPS estimate coming in at $1.19 and the lowest estimate coming in at $0.77. Mercadolibre reported earnings of $0.74 per share in the same quarter last year, which indicates a positive year over year growth rate of 37.8%. The firm is expected to announce its next earnings report on Thursday, August 3rd.
Mercadolibre (NASDAQ:MELI) last announced its earnings results on Thursday, May 4th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.78 by $0.32. The business earned $273.90 million during the quarter, compared to the consensus estimate of $247.85 million. Mercadolibre had a net margin of 16.13% and a return on equity of 38.86%. Mercadolibre’s revenue was up 73.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 EPS. Several research firms recently weighed in on MELI. Stifel Nicolaus increased their price target on shares of Mercadolibre from $185.00 to $220.00 and gave the company a “hold” rating in a research report on Friday, February 24th. Credit Suisse Group AG restated an “outperform” rating and set a $290.00 price target (up previously from $260.00) on shares of Mercadolibre in a research report on Friday. Cowen and Company increased their price target on shares of Mercadolibre from $192.00 to $211.00 and gave the company a “market perform” rating in a research report on Friday, February 24th. Piper Jaffray Companies restated an “overweight” rating and set a $200.00 price target on shares of Mercadolibre in a research report on Tuesday, February 7th. Finally, Pacific Crest began coverage on shares of Mercadolibre in a research report on Friday, February 17th. They set an “overweight” rating and a $210.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. Mercadolibre currently has a consensus rating of “Buy” and a consensus target price of $213.75.
In other Mercadolibre news, VP Stelleo Tolda sold 2,000 shares of the stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $211.00, for a total transaction of $422,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is owned by company insiders. A number of institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. raised its position in shares of Mercadolibre by 1.6% in the fourth quarter. Baillie Gifford & Co. now owns 6,378,243 shares of the company’s stock worth $995,898,000 after buying an additional 101,904 shares in the last quarter. Orbis Allan Gray Ltd raised its position in shares of Mercadolibre by 105.1% in the fourth quarter. Orbis Allan Gray Ltd now owns 1,360,358 shares of the company’s stock worth $212,407,000 after buying an additional 697,057 shares in the last quarter. Harding Loevner LP raised its position in shares of Mercadolibre by 2.5% in the first quarter. Harding Loevner LP now owns 550,380 shares of the company’s stock worth $116,389,000 after buying an additional 13,200 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Mercadolibre by 34.4% in the third quarter. Wells Fargo & Company MN now owns 522,770 shares of the company’s stock worth $96,698,000 after buying an additional 133,895 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Mercadolibre by 9.1% in the fourth quarter. William Blair Investment Management LLC now owns 472,262 shares of the company’s stock worth $73,739,000 after buying an additional 39,407 shares in the last quarter. Hedge funds and other institutional investors own 76.61% of the company’s stock.
Shares of Mercadolibre (NASDAQ:MELI) traded up 16.34% during mid-day trading on Monday, hitting $275.16. 1,735,880 shares of the company traded hands. The stock has a market capitalization of $12.15 billion, a price-to-earnings ratio of 89.11 and a beta of 2.17. The firm has a 50-day moving average of $221.39 and a 200-day moving average of $188.24. Mercadolibre has a one year low of $126.10 and a one year high of $275.55. The firm also recently announced a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31st were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, March 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.22%. Mercadolibre’s dividend payout ratio is presently 21.43%.
About Mercadolibre 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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