Equities research analysts predict that Mercadolibre Inc (NASDAQ:MELI) will report sales of $406.01 million for the current quarter, Zacks reports. Three analysts have provided estimates for Mercadolibre’s earnings, with the highest sales estimate coming in at $414.20 million and the lowest estimate coming in at $398.62 million. Mercadolibre reported sales of $256.28 million during the same quarter last year, which indicates a positive year-over-year growth rate of 58.4%. The firm is expected to announce its next quarterly earnings report 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 year, analysts expect that the company will report sales of $2.00 billion per share, with estimates ranging from $1.85 billion to $2.08 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Mercadolibre.
Mercadolibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. The company had revenue of $370.66 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS.
A number of analysts have recently weighed in on MELI shares. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $215.00 price target on shares of Mercadolibre in a research note on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 price target on shares of Mercadolibre in a research note on Wednesday, October 4th. Susquehanna Bancshares reduced their price target on shares of Mercadolibre from $275.00 to $230.00 in a research note on Friday, October 13th. KeyCorp reiterated a “buy” rating and issued a $290.00 target price on shares of Mercadolibre in a report on Tuesday, October 17th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $268.00 target price on shares of Mercadolibre in a report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $272.13.
Shares of Mercadolibre (NASDAQ MELI) traded down $0.91 during trading hours on Monday, hitting $314.66. 416,200 shares of the stock were exchanged, compared to its average volume of 651,025. The firm has a market cap of $13,894.55, a price-to-earnings ratio of 104.54, a P/E/G ratio of 5.19 and a beta of 2.05. Mercadolibre has a 12 month low of $155.82 and a 12 month high of $334.99. 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.19%. Mercadolibre’s dividend payout ratio is currently 19.93%.
In other news, Director Alejandro Nicolas Aguzin purchased 10,000 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were acquired at an average price of $274.47 per share, for a total transaction of $2,744,700.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $2,744,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Artemis Investment Management LLP increased its stake in Mercadolibre by 25.0% in the 3rd quarter. Artemis Investment Management LLP now owns 6,490 shares of the company’s stock valued at $1,680,000 after buying an additional 1,298 shares during the period. Crosslink Capital Inc. bought a new stake in Mercadolibre in the second quarter worth approximately $2,316,000. AXA grew its position in Mercadolibre by 186.9% in the second quarter. AXA now owns 77,470 shares of the company’s stock worth $19,436,000 after acquiring an additional 50,470 shares in the last quarter. Westpac Banking Corp grew its position in Mercadolibre by 774.0% in the second quarter. Westpac Banking Corp now owns 29,811 shares of the company’s stock worth $7,479,000 after acquiring an additional 26,400 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its position in Mercadolibre by 0.6% in the second quarter. Neuberger Berman Group LLC now owns 75,145 shares of the company’s stock worth $18,852,000 after acquiring an additional 415 shares in the last quarter. Hedge funds and other institutional investors own 89.44% of the company’s stock.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Mercadolibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercadolibre and related companies with MarketBeat.com's FREE daily email newsletter.