Analysts Anticipate MercadoLibre, Inc. (MELI) to Post $1.08 Earnings Per Share

Brokerages expect MercadoLibre, Inc. (NASDAQ:MELI) to announce earnings of $1.08 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for MercadoLibre’s earnings, with estimates ranging from $0.86 to $1.19. MercadoLibre reported earnings per share of $0.74 in the same quarter last year, which would indicate a positive year over year growth rate of 45.9%. The business is expected to report its next quarterly earnings results after the market closes on Thursday, August 3rd.

On average, analysts expect that MercadoLibre will report full year earnings of $4.67 per share for the current financial year, with EPS estimates ranging from $4.14 to $5.05. For the next fiscal year, analysts expect that the business will post earnings of $6.61 per share, with EPS estimates ranging from $5.75 to $7.21. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover MercadoLibre.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, May 4th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.78 by $0.32. The firm had revenue of $273.90 million for the quarter, compared to analyst estimates of $247.85 million. MercadoLibre had a return on equity of 41.12% and a net margin of 16.10%. MercadoLibre’s revenue for the quarter was up 73.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS.

Several analysts recently weighed in on MELI shares. Citigroup Inc. downgraded MercadoLibre from a “buy” rating to a “neutral” rating in a research note on Friday. Credit Suisse Group increased their target price on MercadoLibre from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $275.00 target price (up previously from $213.00) on shares of MercadoLibre in a research note on Tuesday, May 9th. J P Morgan Chase & Co downgraded MercadoLibre from an “overweight” rating to a “neutral” rating and increased their target price for the company from $296.24 to $300.00 in a research note on Tuesday, May 16th. Finally, Goldman Sachs Group, Inc. (The) downgraded MercadoLibre from a “buy” rating to a “neutral” rating and decreased their target price for the company from $309.00 to $290.00 in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $249.50.

Hedge funds have recently made changes to their positions in the company. OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in MercadoLibre during the first quarter valued at approximately $106,000. Van ECK Associates Corp bought a new position in MercadoLibre during the fourth quarter valued at approximately $107,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in MercadoLibre during the first quarter valued at approximately $169,000. Mitchell Capital Management Co. bought a new position in MercadoLibre during the first quarter valued at approximately $205,000. Finally, Endurance Wealth Management Inc. bought a new position in MercadoLibre during the first quarter valued at approximately $211,000. Institutional investors own 91.28% of the company’s stock.

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MercadoLibre (MELI) traded down 0.19% during trading on Monday, reaching $275.23. The company had a trading volume of 483,600 shares. The company has a market capitalization of $12.15 billion, a P/E ratio of 78.59 and a beta of 2.01. The stock has a 50 day moving average of $275.17 and a 200-day moving average of $214.69. MercadoLibre has a 12 month low of $126.10 and a 12 month high of $297.95.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. MercadoLibre’s dividend payout ratio is currently 17.14%.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MELI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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