Brokerages forecast that Mercadolibre Inc (NASDAQ:MELI) will report $406.01 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided 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 posted sales of $256.28 million in the same quarter last year, which indicates a positive year over year growth rate of 58.4%. The company is expected 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 fiscal year, with estimates ranging from $1.35 billion to $1.38 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.00 billion per share, with estimates ranging from $1.85 billion to $2.08 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Mercadolibre.
Mercadolibre (NASDAQ:MELI) last announced its earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.07. The business had revenue of $370.66 million during the quarter, compared to the consensus estimate of $347.29 million. Mercadolibre had a net margin of 10.91% and a return on equity of 34.78%. The business’s revenue for the quarter was up 60.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 earnings per share.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Mercadolibre from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Credit Suisse Group reissued an “outperform” rating and set a $385.00 price target (up previously from $380.00) on shares of Mercadolibre in a research report on Monday, January 8th. BidaskClub raised shares of Mercadolibre from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. Deutsche Bank set a $335.00 price target on shares of Mercadolibre and gave the company a “hold” rating in a research report on Thursday, January 4th. Finally, Citigroup downgraded shares of Mercadolibre from a “neutral” rating to a “sell” rating and set a $230.00 price target for the company. in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $276.98.
In related news, Director Alejandro Nicolas Aguzin bought 10,000 shares of the business’s stock in a transaction on Monday, November 27th. The stock was acquired 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 in the company, valued at approximately $2,744,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.36% of the company’s stock.
Large investors have recently bought and sold shares of the business. Fieldpoint Private Securities LLC bought a new stake in Mercadolibre in the 3rd quarter worth approximately $104,000. Smithfield Trust Co. grew its position in Mercadolibre by 1,025.0% in the 3rd quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock worth $116,000 after purchasing an additional 410 shares during the period. Toronto Dominion Bank grew its position in Mercadolibre by 18.4% in the 2nd quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock worth $129,000 after purchasing an additional 80 shares during the period. Ameritas Investment Partners Inc. bought a new stake in Mercadolibre in the 2nd quarter worth approximately $198,000. Finally, Rehmann Capital Advisory Group bought a new stake in Mercadolibre in the 3rd quarter worth approximately $213,000. 89.45% of the stock is owned by institutional investors and hedge funds.
Shares of Mercadolibre (NASDAQ:MELI) traded up $3.43 on Thursday, hitting $345.31. 337,216 shares of the company traded hands, compared to its average volume of 405,764. The company has a market capitalization of $15,247.85, a P/E ratio of 114.72, a P/E/G ratio of 4.82 and a beta of 2.05. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. Mercadolibre has a 12 month low of $172.85 and a 12 month high of $348.17.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend was Thursday, December 28th. Mercadolibre’s dividend payout ratio (DPR) is presently 19.93%.
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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