Mercadolibre Inc (NASDAQ:MELI) announced a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Shareholders of record on Sunday, December 31st will be paid a dividend of 0.15 per share on Tuesday, January 16th. This represents a $0.60 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Thursday, December 28th.
Shares of Mercadolibre (MELI) opened at $314.83 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $14,065.89, a PE ratio of 91.01, a price-to-earnings-growth ratio of 5.26 and a beta of 2.05. Mercadolibre has a twelve month low of $154.72 and a twelve month high of $334.99.
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 business had revenue of $370.66 million during the quarter, compared to the consensus estimate of $347.29 million. During the same quarter last year, the company earned $0.88 earnings per share. The company’s quarterly revenue was up 60.6% on a year-over-year basis. sell-side analysts forecast that Mercadolibre will post 2.42 EPS for the current year.
A number of research firms recently commented on MELI. Piper Jaffray Companies lifted their target price on Mercadolibre from $268.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Credit Suisse Group lifted their target price on Mercadolibre from $350.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Susquehanna Bancshares decreased their target price on Mercadolibre from $275.00 to $230.00 in a report on Friday, October 13th. KeyCorp reissued a “buy” rating and issued a $290.00 price target on shares of Mercadolibre in a report on Tuesday, October 17th. Finally, BidaskClub raised Mercadolibre from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $272.13.
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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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