FY2017 Earnings Forecast for MercadoLibre, Inc. (MELI) Issued By KeyCorp
MercadoLibre, Inc. (NASDAQ:MELI) – Research analysts at KeyCorp dropped their FY2017 earnings per share (EPS) estimates for shares of MercadoLibre in a research note issued to investors on Thursday. KeyCorp analyst B. Erickson now expects that the company will post earnings of $2.62 per share for the year, down from their prior forecast of $2.65. KeyCorp has a “Buy” rating and a $290.00 price target on the stock. KeyCorp also issued estimates for MercadoLibre’s Q4 2017 earnings at $0.77 EPS and Q1 2018 earnings at $0.60 EPS.
MELI has been the topic of several other research reports. Credit Suisse Group raised their price target on shares of MercadoLibre from $350.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday. Susquehanna Bancshares Inc cut their price objective on shares of MercadoLibre from $275.00 to $230.00 in a research report on Friday, October 13th. BidaskClub upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Piper Jaffray Companies reiterated a “buy” rating and set a $268.00 price target on shares of MercadoLibre in a research report on Monday, October 23rd. Finally, Barclays PLC dropped their price objective on shares of MercadoLibre from $300.00 to $290.00 and set an “overweight” rating for the company in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $271.21.
Shares of MercadoLibre (MELI) opened at $267.35 on Monday. The firm has a market cap of $11,805.47, a price-to-earnings ratio of 76.39, a PEG ratio of 4.15 and a beta of 2.04. MercadoLibre has a 52 week low of $148.98 and a 52 week high of $297.95. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.67.
MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, November 2nd. The company reported $0.63 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $347.29 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. MercadoLibre’s revenue for the quarter was up 60.6% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Sunday, December 31st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.22%. The ex-dividend date is Thursday, December 28th. MercadoLibre’s dividend payout ratio (DPR) is presently 19.93%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wedbush Securities Inc. lifted its stake in MercadoLibre by 1.8% in the second quarter. Wedbush Securities Inc. now owns 3,180 shares of the company’s stock valued at $798,000 after buying an additional 55 shares during the last quarter. Toronto Dominion Bank grew its holdings in MercadoLibre by 18.4% during the second quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock worth $129,000 after acquiring an additional 80 shares during the period. Cookson Peirce & Co. Inc. grew its holdings in MercadoLibre by 0.9% during the second quarter. Cookson Peirce & Co. Inc. now owns 18,750 shares of the company’s stock worth $4,704,000 after acquiring an additional 170 shares during the period. Creative Planning grew its holdings in MercadoLibre by 12.5% during the second quarter. Creative Planning now owns 1,695 shares of the company’s stock worth $425,000 after acquiring an additional 188 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in MercadoLibre by 1.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 14,271 shares of the company’s stock worth $3,695,000 after purchasing an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 84.06% 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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