QIWI PLC (NASDAQ:QIWI) – Investment analysts at William Blair dropped their Q3 2017 earnings estimates for QIWI PLC in a report released on Tuesday. William Blair analyst R. Napoli now expects that the credit services provider will post earnings per share of $0.24 for the quarter, down from their previous forecast of $0.26.

QIWI PLC (NASDAQ:QIWI) last issued its quarterly earnings data on Wednesday, May 17th. The credit services provider reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.13. QIWI PLC had a return on equity of 22.61% and a net margin of 14.88%. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the previous year, the firm posted $20.41 earnings per share. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis.

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Several other research firms also recently weighed in on QIWI. ValuEngine downgraded shares of QIWI PLC from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. Zacks Investment Research downgraded shares of QIWI PLC from a “strong-buy” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub downgraded shares of QIWI PLC from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. VTB Capital downgraded shares of QIWI PLC from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a report on Monday, June 19th. Finally, Citigroup Inc. downgraded shares of QIWI PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, July 26th. One 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 company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $23.25.

QIWI PLC (NASDAQ QIWI) opened at 17.54 on Thursday. QIWI PLC has a 1-year low of $11.60 and a 1-year high of $26.55.

Institutional investors have recently bought and sold shares of the company. Advisors Preferred LLC acquired a new position in QIWI PLC during the first quarter valued at approximately $143,000. KCG Holdings Inc. acquired a new position in QIWI PLC during the first quarter valued at approximately $200,000. Cambridge Investment Research Advisors Inc. acquired a new position in QIWI PLC during the second quarter valued at approximately $201,000. Quantbot Technologies LP increased its position in QIWI PLC by 141.4% in the first quarter. Quantbot Technologies LP now owns 11,982 shares of the credit services provider’s stock valued at $205,000 after buying an additional 7,018 shares during the period. Finally, Jane Street Group LLC acquired a new position in QIWI PLC during the first quarter valued at approximately $221,000. 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.

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