MercadoLibre (MELI) to Release Earnings on Thursday

MercadoLibre (NASDAQ:MELIGet Rating) will be posting its quarterly earnings results after the market closes on Thursday, May 5th. Analysts expect MercadoLibre to post earnings of $1.64 per share for the quarter.

MercadoLibre (NASDAQ:MELIGet Rating) last released its quarterly earnings data on Tuesday, February 22nd. The company reported ($0.92) EPS for the quarter, missing the consensus estimate of $0.89 by ($1.81). MercadoLibre had a net margin of 1.18% and a return on equity of 31.09%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the company earned ($1.02) EPS. The firm’s revenue for the quarter was up 60.5% on a year-over-year basis. On average, analysts expect MercadoLibre to post $9 EPS for the current fiscal year and $14 EPS for the next fiscal year.

MELI opened at $1,013.00 on Friday. The firm has a 50-day simple moving average of $1,090.32 and a two-hundred day simple moving average of $1,210.70. MercadoLibre has a 52 week low of $858.99 and a 52 week high of $1,970.13. The company has a market capitalization of $51.07 billion, a PE ratio of 615.39 and a beta of 1.51. The company has a quick ratio of 1.36, a current ratio of 1.40 and a debt-to-equity ratio of 1.46.

In other MercadoLibre news, VP La Serna Juan Martin De acquired 50 shares of the business’s stock in a transaction that occurred on Friday, March 11th. The shares were bought at an average cost of $931.00 per share, with a total value of $46,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Marcelo Melamud acquired 55 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The shares were acquired at an average cost of $881.82 per share, for a total transaction of $48,500.10. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 205 shares of company stock worth $188,950. Corporate insiders own 0.39% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MELI. NEXT Financial Group Inc grew its holdings in MercadoLibre by 73.5% in the fourth quarter. NEXT Financial Group Inc now owns 59 shares of the company’s stock worth $79,000 after purchasing an additional 25 shares during the last quarter. Ulland Investment Advisors LLC purchased a new position in MercadoLibre in the fourth quarter worth $96,000. Integrated Wealth Concepts LLC grew its holdings in MercadoLibre by 8.9% in the fourth quarter. Integrated Wealth Concepts LLC now owns 171 shares of the company’s stock worth $231,000 after purchasing an additional 14 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in MercadoLibre by 11.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 174 shares of the company’s stock worth $235,000 after purchasing an additional 18 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its holdings in MercadoLibre by 9.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 199 shares of the company’s stock worth $268,000 after purchasing an additional 18 shares during the last quarter. 77.18% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on the stock. TheStreet downgraded shares of MercadoLibre from a “c” rating to a “d+” rating in a report on Wednesday, February 23rd. Susquehanna lowered their price target on shares of MercadoLibre from $1,990.00 to $1,750.00 and set a “positive” rating for the company in a report on Wednesday, February 23rd. BTIG Research lowered their price target on shares of MercadoLibre from $1,930.00 to $1,550.00 in a report on Tuesday, January 18th. Stifel Nicolaus lowered their price target on shares of MercadoLibre from $1,600.00 to $1,400.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. Finally, Zacks Investment Research downgraded shares of MercadoLibre from a “hold” rating to a “strong sell” rating and set a $956.00 price objective for the company. in a research note on Wednesday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, MercadoLibre presently has an average rating of “Buy” and a consensus price target of $1,690.92.

MercadoLibre Company Profile (Get Rating)

MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.

Further Reading

Earnings History for MercadoLibre (NASDAQ:MELI)

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