Mercadolibre (MELI) to Release Quarterly Earnings on Thursday

Mercadolibre (NASDAQ:MELI) is scheduled to issue its quarterly earnings data after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.51 per share for the quarter.

Mercadolibre (MELI) opened at $375.71 on Thursday. Mercadolibre has a 52 week low of $190.07 and a 52 week high of $395.67. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $16,590.00, a P/E ratio of 124.82, a PEG ratio of 4.63 and a beta of 2.15.

MELI has been the subject of a number of recent analyst reports. BidaskClub raised shares of Mercadolibre from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research raised shares of Mercadolibre from a “hold” rating to a “buy” rating and set a $433.00 target price for the company in a research report on Wednesday, January 31st. Stifel Nicolaus reissued a “buy” rating and set a $415.00 target price (up previously from $350.00) on shares of Mercadolibre in a research report on Sunday, January 28th. Piper Jaffray Companies reissued a “buy” rating and set a $268.00 target price on shares of Mercadolibre in a research report on Monday, October 23rd. Finally, Deutsche Bank set a $335.00 target price on shares of Mercadolibre and gave the company a “hold” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Mercadolibre has a consensus rating of “Buy” and an average price target of $307.58.

In other Mercadolibre news, Director Alejandro Nicolas Aguzin purchased 10,000 shares of the business’s stock in a transaction on Monday, November 27th. The shares were purchased at an average cost of $274.47 per share, for a total transaction of $2,744,700.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $2,744,700. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

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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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