Equities analysts expect Mercadolibre Inc (NASDAQ:MELI) to report $406.01 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Mercadolibre’s earnings, with the lowest sales estimate coming in at $398.62 million and the highest estimate coming in at $414.20 million. Mercadolibre reported sales of $256.28 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 58.4%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Mercadolibre will report full year sales of $406.01 million for the current financial year, with estimates ranging from $1.35 billion to $1.38 billion. For the next year, analysts expect that the business will report sales of $2.00 billion per share, with estimates ranging from $1.85 billion to $2.08 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Mercadolibre.

Mercadolibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.07. Mercadolibre had a net margin of 10.91% and a return on equity of 34.78%. The firm had revenue of $370.66 million for the quarter, compared to the consensus estimate of $347.29 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm’s quarterly revenue was up 60.6% on a year-over-year basis.

MELI has been the topic of several analyst reports. Susquehanna Bancshares dropped their price target on shares of Mercadolibre from $275.00 to $230.00 in a research note on Friday, October 13th. BidaskClub raised shares of Mercadolibre from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $268.00 price target on shares of Mercadolibre in a research note on Monday, October 23rd. KeyCorp reaffirmed a “buy” rating and set a $290.00 price target on shares of Mercadolibre in a research note on Tuesday, October 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $275.00 price target on shares of Mercadolibre in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Mercadolibre has an average rating of “Buy” and an average target price of $276.98.

In related news, Director Alejandro Nicolas Aguzin bought 10,000 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was bought at an average price of $274.47 per share, with a total value of $2,744,700.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $2,744,700. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.36% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MELI. Carmignac Gestion grew its position in shares of Mercadolibre by 6.3% during the 3rd quarter. Carmignac Gestion now owns 2,426,208 shares of the company’s stock valued at $628,218,000 after buying an additional 144,451 shares during the last quarter. Orbis Allan Gray Ltd grew its position in shares of Mercadolibre by 10.2% during the 2nd quarter. Orbis Allan Gray Ltd now owns 1,591,614 shares of the company’s stock valued at $399,304,000 after buying an additional 146,891 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Mercadolibre by 14.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,029,446 shares of the company’s stock valued at $266,559,000 after buying an additional 126,452 shares during the last quarter. Koch Industries Inc. grew its position in shares of Mercadolibre by 85,458.8% during the 2nd quarter. Koch Industries Inc. now owns 965,959 shares of the company’s stock valued at $962,000 after buying an additional 964,830 shares during the last quarter. Finally, Capital International Investors grew its position in shares of Mercadolibre by 0.5% during the 3rd quarter. Capital International Investors now owns 722,239 shares of the company’s stock valued at $187,009,000 after buying an additional 3,441 shares during the last quarter. 89.45% of the stock is owned by institutional investors.

Shares of Mercadolibre (NASDAQ:MELI) opened at $340.45 on Thursday. Mercadolibre has a one year low of $172.85 and a one year high of $348.17. The stock has a market cap of $15,006.88, a price-to-earnings ratio of 113.11, a P/E/G ratio of 4.74 and a beta of 2.05. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.18%. The ex-dividend date of this dividend was Thursday, December 28th. Mercadolibre’s payout ratio is currently 19.93%.

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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).

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