MercadoLibre, Inc. (MELI) Announces Quarterly Dividend of $0.15
MercadoLibre, Inc. (NASDAQ:MELI) announced a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Stockholders of record on Sunday, December 31st will be given a dividend of 0.15 per share on Tuesday, January 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Thursday, December 28th.
MercadoLibre (NASDAQ:MELI) traded up $28.33 during midday trading on Friday, hitting $267.35. 2,921,620 shares of the stock traded hands, compared to its average volume of 1,033,344. The company has a market capitalization of $10.42 billion, a P/E ratio of 67.43 and a beta of 2.04.
MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.07. MercadoLibre had a net margin of 10.91% and a return on equity of 33.82%. The company had revenue of $370.66 million for the quarter, compared to analyst estimates of $347.29 million. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company’s quarterly revenue was up 60.6% compared to the same quarter last year. equities analysts expect that MercadoLibre will post 2.58 EPS for the current year.
MELI has been the topic of several research reports. KeyCorp reissued a “buy” rating and issued a $290.00 price target on shares of MercadoLibre in a research report on Tuesday, October 17th. Susquehanna Bancshares Inc reissued a “market perform” rating and issued a $275.00 price target on shares of MercadoLibre in a research report on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $275.00 price objective on shares of MercadoLibre in a research note on Wednesday, October 4th. Barclays PLC reduced their price objective on shares of MercadoLibre from $275.00 to $250.00 and set an “overweight” rating for the company in a research note on Monday. Finally, BidaskClub raised shares of MercadoLibre from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $271.21.
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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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