Wall Street analysts predict that Mercadolibre Inc (NASDAQ:MELI) will post sales of $406.01 million for the current fiscal quarter, Zacks reports. Three analysts have made 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 reported sales of $256.28 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 58.4%. The firm is scheduled to report its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Mercadolibre will report full-year sales of $406.01 million for the current financial year, with estimates ranging from $1.35 billion to $1.38 billion. For the next year, analysts expect that the firm will post 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 analysts that cover 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 the consensus estimate of $0.56 by $0.07. Mercadolibre had a return on equity of 34.78% and a net margin of 10.91%. The firm had revenue of $370.66 million for the quarter, compared to the consensus estimate of $347.29 million. During the same period in the prior year, the business posted $0.88 earnings per share. The company’s revenue for the quarter was up 60.6% on a year-over-year basis.
MELI has been the topic of several research reports. Deutsche Bank set a $335.00 price objective on Mercadolibre and gave the stock a “hold” rating in a report on Thursday, January 4th. Goldman Sachs Group restated a “neutral” rating and set a $215.00 price objective on shares of Mercadolibre in a report on Tuesday, October 3rd. Barclays reduced their price objective on Mercadolibre from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Monday, October 30th. Citigroup downgraded Mercadolibre from a “neutral” rating to a “sell” rating and set a $230.00 price objective on the stock. in a report on Wednesday, December 20th. Finally, Stifel Nicolaus restated a “buy” rating and set a $275.00 price objective on shares of Mercadolibre in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Mercadolibre has a consensus rating of “Buy” and an average target price of $276.98.
Mercadolibre (NASDAQ MELI) opened at $340.45 on Thursday. The company has a market capitalization of $15,006.88, a price-to-earnings ratio of 113.11, a price-to-earnings-growth ratio of 4.74 and a beta of 2.05. Mercadolibre has a fifty-two week low of $172.85 and a fifty-two week high of $348.17. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st were issued a $0.15 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.18%. Mercadolibre’s dividend payout ratio is presently 19.93%.
In related 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 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 approximately $2,744,700. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.36% of the company’s stock.
Several large investors have recently made changes to their positions in MELI. Koch Industries Inc. increased its holdings in shares of Mercadolibre by 85,458.8% in the 2nd quarter. Koch Industries Inc. now owns 965,959 shares of the company’s stock valued at $962,000 after acquiring an additional 964,830 shares during the period. Renaissance Technologies LLC boosted its position in shares of Mercadolibre by 246.4% in the 2nd quarter. Renaissance Technologies LLC now owns 311,800 shares of the company’s stock worth $78,224,000 after purchasing an additional 221,800 shares in the last quarter. KAMES CAPITAL plc acquired a new stake in shares of Mercadolibre in the 4th quarter worth $49,860,000. Orbis Allan Gray Ltd boosted its position in shares of Mercadolibre by 10.2% in the 2nd quarter. Orbis Allan Gray Ltd now owns 1,591,614 shares of the company’s stock worth $399,304,000 after purchasing an additional 146,891 shares in the last quarter. Finally, Carmignac Gestion boosted its position in shares of Mercadolibre by 6.3% in the 3rd quarter. Carmignac Gestion now owns 2,426,208 shares of the company’s stock worth $628,218,000 after purchasing an additional 144,451 shares in the last quarter. Institutional investors and hedge funds own 89.45% 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).
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