Mercadolibre Inc (MELI) Declares Quarterly Dividend of $0.17
Mercadolibre (NASDAQ:MELI) declared a quarterly dividend on Monday, August 18th, American Banking and Market News reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.166 per share on Wednesday, October 15th. This represents a $0.66 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Friday, September 26th.
A number of research firms have recently commented on MELI. Analysts at Stifel Nicolaus initiated coverage on shares of Mercadolibre in a research note on Wednesday, August 13th. They set a “buy” rating and a $130.00 price target on the stock. On the ratings front, analysts at Deutsche Bank raised their price target on shares of Mercadolibre from $72.00 to $93.00 in a research note on Friday, August 8th. Finally, analysts at Piper Jaffray raised their price target on shares of Mercadolibre from $104.00 to $137.00 in a research note on Friday, August 8th. Five research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $102.94.
Shares of Mercadolibre (NASDAQ:MELI) traded up 1.46% on Monday, hitting $111.48. The stock had a trading volume of 503,602 shares. Mercadolibre has a 52-week low of $79.52 and a 52-week high of $145.99. The stock’s 50-day moving average is $94.92 and its 200-day moving average is $91.98. The company has a market cap of $4.922 billion and a P/E ratio of 64.83.
Mercadolibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.16. The company had revenue of $131.80 million for the quarter, compared to the consensus estimate of $110.02 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis. Analysts expect that Mercadolibre will post $1.81 EPS for the current fiscal year.
MercadoLibre Inc is an Argentina-based company active in the e-commerce industy. The Company hosts the online commerce platform in Latin America, focused on enabling e-commerce and its related services, and is located at www.
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