QIWI PLC (NASDAQ:QIWI) – Investment analysts at William Blair lowered their FY2017 earnings per share (EPS) estimates for QIWI PLC in a note issued to investors on Tuesday. William Blair analyst R. Napoli now expects that the credit services provider will post earnings of $1.11 per share for the year, down from their previous estimate of $1.15. William Blair also issued estimates for QIWI PLC’s Q4 2017 earnings at $0.25 EPS and FY2018 earnings at $1.19 EPS.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of QIWI PLC from a “strong sell” rating to a “hold” rating in a report on Tuesday. BidaskClub cut shares of QIWI PLC from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Citigroup Inc. cut shares of QIWI PLC from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 26th. VTB Capital cut shares of QIWI PLC from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a research report on Monday, June 19th. Finally, ValuEngine cut shares of QIWI PLC from a “buy” rating to a “hold” rating in a research report on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. QIWI PLC currently has an average rating of “Hold” and a consensus price target of $23.25.

ILLEGAL ACTIVITY NOTICE: This report was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/08/16/fy2017-eps-estimates-for-qiwi-plc-qiwi-cut-by-analyst.html.

Shares of QIWI PLC (NASDAQ QIWI) opened at 17.56 on Wednesday. QIWI PLC has a 12 month low of $11.60 and a 12 month high of $26.55.

QIWI PLC (NASDAQ:QIWI) last announced its quarterly earnings data on Wednesday, May 17th. The credit services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.13. QIWI PLC had a net margin of 14.27% and a return on equity of 23.38%. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the firm earned $20.41 EPS. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year.

Several large investors have recently made changes to their positions in the company. Citigroup Inc. boosted its stake in QIWI PLC by 2.1% in the second quarter. Citigroup Inc. now owns 48,732 shares of the credit services provider’s stock valued at $1,203,000 after buying an additional 990 shares during the last quarter. Northern Trust Corp boosted its stake in QIWI PLC by 19.4% in the second quarter. Northern Trust Corp now owns 20,283 shares of the credit services provider’s stock valued at $501,000 after buying an additional 3,296 shares during the last quarter. California Public Employees Retirement System boosted its stake in QIWI PLC by 5.2% in the first quarter. California Public Employees Retirement System now owns 76,900 shares of the credit services provider’s stock valued at $1,319,000 after buying an additional 3,800 shares during the last quarter. State Street Corp boosted its stake in QIWI PLC by 8.7% in the second quarter. State Street Corp now owns 47,658 shares of the credit services provider’s stock valued at $1,177,000 after buying an additional 3,808 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in QIWI PLC by 1.2% in the second quarter. Parametric Portfolio Associates LLC now owns 329,079 shares of the credit services provider’s stock valued at $8,122,000 after buying an additional 3,823 shares during the last quarter. Institutional investors and hedge funds own 16.76% of the company’s stock.

About QIWI PLC

QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.

Receive News & Ratings for QIWI PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QIWI PLC and related companies with MarketBeat.com's FREE daily email newsletter.