MercadoLibre, Inc. Expected to Earn Q2 2018 Earnings of $0.87 Per Share (MELI)
MercadoLibre, Inc. (NASDAQ:MELI) – Stock analysts at KeyCorp reduced their Q2 2018 earnings per share (EPS) estimates for shares of MercadoLibre in a research report issued on Sunday. KeyCorp analyst B. Erickson now forecasts that the company will post earnings of $0.87 per share for the quarter, down from their previous forecast of $0.95. KeyCorp currently has a “Buy” rating and a $290.00 price target on the stock.
MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, August 3rd. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.45). MercadoLibre had a return on equity of 37.59% and a net margin of 13.37%. The firm had revenue of $316.53 million during the quarter, compared to the consensus estimate of $312.16 million. During the same quarter in the prior year, the business earned $0.74 earnings per share. MercadoLibre’s revenue for the quarter was up 58.6% on a year-over-year basis.
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Several other equities research analysts have also weighed in on the company. Piper Jaffray Companies restated a “buy” rating and set a $268.00 price target on shares of MercadoLibre in a research report on Monday. Susquehanna Bancshares Inc dropped their price target on MercadoLibre from $275.00 to $230.00 in a research report on Friday, October 13th. Stifel Nicolaus restated a “buy” rating and set a $275.00 price target on shares of MercadoLibre in a research report on Wednesday, October 4th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $215.00 price target on shares of MercadoLibre in a research report on Tuesday, October 3rd. Finally, BidaskClub lowered MercadoLibre from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $257.69.
Shares of MercadoLibre (NASDAQ MELI) traded down 0.17% during trading on Tuesday, hitting $225.97. The company had a trading volume of 537,950 shares. The company’s 50 day moving average is $265.13 and its 200 day moving average is $261.34. The firm has a market capitalization of $9.98 billion, a P/E ratio of 69.25 and a beta of 2.04. MercadoLibre has a 1-year low of $148.98 and a 1-year high of $297.95.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Thursday, September 28th. MercadoLibre’s dividend payout ratio (DPR) is 18.40%.
Several hedge funds have recently bought and sold shares of the company. Rathbone Brothers plc purchased a new position in shares of MercadoLibre in the third quarter worth $221,000. First Trust Advisors LP raised its stake in shares of MercadoLibre by 1.4% in the third quarter. First Trust Advisors LP now owns 23,336 shares of the company’s stock worth $6,042,000 after purchasing an additional 331 shares during the last quarter. River & Mercantile Asset Management LLP purchased a new position in shares of MercadoLibre in the third quarter worth $3,997,000. APG Asset Management N.V. raised its stake in shares of MercadoLibre by 135.3% in the third quarter. APG Asset Management N.V. now owns 8,000 shares of the company’s stock worth $2,071,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Pier 88 Investment Partners LLC raised its stake in shares of MercadoLibre by 69.9% in the third quarter. Pier 88 Investment Partners LLC now owns 1,825 shares of the company’s stock worth $473,000 after purchasing an additional 751 shares during the last quarter. Hedge funds and other institutional investors own 84.79% 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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