MercadoLibre, Inc. (NASDAQ:MELI) issued its quarterly earnings data on Thursday. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.07, RTT News reports. The company had revenue of $370.66 million for the quarter, compared to analyst estimates of $347.29 million. MercadoLibre had a net margin of 13.37% and a return on equity of 37.59%. MercadoLibre’s revenue was up 60.6% compared to the same quarter last year. During the same period last year, the company posted $0.88 earnings per share.

The company also recently declared 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 0.25%. The ex-dividend date was Thursday, September 28th. MercadoLibre’s dividend payout ratio is currently 18.40%.

MELI has been the topic of several research reports. Barclays PLC cut their price objective on shares of MercadoLibre from $300.00 to $290.00 and set an “overweight” rating on the stock in a report on Wednesday, July 19th. Piper Jaffray Companies reissued a “buy” rating and set a $268.00 price objective on shares of MercadoLibre in a report on Monday, October 23rd. Susquehanna Bancshares Inc reissued a “market perform” rating and set a $275.00 price objective on shares of MercadoLibre in a report on Tuesday, August 1st. Credit Suisse Group reissued a “buy” rating and set a $290.00 price objective on shares of MercadoLibre in a report on Friday, July 7th. Finally, BidaskClub raised shares of MercadoLibre from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $264.28.

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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).

Earnings History for MercadoLibre (NASDAQ:MELI)

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