Equities research analysts expect Qiwi PLC (NASDAQ:QIWI) to report $54.85 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Qiwi’s earnings. The lowest sales estimate is $54.60 million and the highest is $55.10 million. Qiwi posted sales of $46.50 million during the same quarter last year, which would indicate a positive year over year growth rate of 18%. The business is expected to announce its next earnings results on Wednesday, March 28th.
According to Zacks, analysts expect that Qiwi will report full year sales of $54.85 million for the current year, with estimates ranging from $206.38 million to $210.30 million. For the next fiscal year, analysts expect that the firm will post sales of $241.87 million per share, with estimates ranging from $240.50 million to $243.23 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Qiwi.
A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Qiwi from a “sell” rating to a “hold” rating in a report on Saturday. ValuEngine raised Qiwi from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. Finally, BidaskClub raised Qiwi from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Qiwi currently has an average rating of “Buy” and an average price target of $22.67.
A number of large investors have recently bought and sold shares of the business. Eqis Capital Management Inc. increased its stake in Qiwi by 11.5% during the 4th quarter. Eqis Capital Management Inc. now owns 29,074 shares of the credit services provider’s stock worth $504,000 after buying an additional 2,996 shares in the last quarter. Northern Trust Corp grew its position in shares of Qiwi by 19.4% in the second quarter. Northern Trust Corp now owns 20,283 shares of the credit services provider’s stock valued at $501,000 after purchasing an additional 3,296 shares in the last quarter. State Street Corp grew its position in shares of Qiwi by 8.7% in the second quarter. State Street Corp now owns 47,658 shares of the credit services provider’s stock valued at $1,177,000 after purchasing an additional 3,808 shares in the last quarter. Standard Life Aberdeen plc grew its position in shares of Qiwi by 24.2% in the fourth quarter. Standard Life Aberdeen plc now owns 28,700 shares of the credit services provider’s stock valued at $497,000 after purchasing an additional 5,600 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Qiwi by 20.7% in the fourth quarter. Geode Capital Management LLC now owns 33,729 shares of the credit services provider’s stock valued at $584,000 after purchasing an additional 5,784 shares in the last quarter. Institutional investors own 26.30% of the company’s stock.
Qiwi Company Profile
QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.
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