Qiwi PLC (QIWI) Issues Quarterly Earnings Results
Qiwi PLC (NASDAQ:QIWI) issued its quarterly earnings data on Tuesday. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.06. Qiwi PLC had a return on equity of 20.20% and a net margin of 27.44%. The company had revenue of $42.10 million for the quarter, compared to analysts’ expectations of $40.50 million. During the same period in the previous year, the firm posted $18.74 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis.
Shares of Qiwi PLC (NASDAQ:QIWI) opened at 13.67 on Thursday. Qiwi PLC has a 52 week low of $10.42 and a 52 week high of $20.15. The firm’s 50-day moving average price is $13.48 and its 200 day moving average price is $13.31.
Several large investors have recently bought and sold shares of QIWI. Credit Suisse AG raised its stake in Qiwi PLC by 11.6% in the third quarter. Credit Suisse AG now owns 365,938 shares of the company’s stock valued at $5,357,000 after buying an additional 37,973 shares during the last quarter. Panagora Asset Management Inc. purchased a new stake in Qiwi PLC during the third quarter valued at about $139,000. HighTower Advisors LLC purchased a new stake in Qiwi PLC during the third quarter valued at about $333,000. Hsbc Holdings PLC purchased a new stake in Qiwi PLC during the third quarter valued at about $170,000. Finally, KCG Holdings Inc. purchased a new stake in Qiwi PLC during the third quarter valued at about $201,000. 58.71% of the stock is currently owned by institutional investors and hedge funds.
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About Qiwi PLC
QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. It had deployed over 16.1 million virtual wallets, approximately 172,000 kiosks and terminals, and enabled merchants to accept cash and electronic payments.
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