MercadoLibre, Inc. (NASDAQ:MELI) to Issue $0.15 Quarterly Dividend
MercadoLibre, Inc. (NASDAQ:MELI) declared a quarterly dividend on Friday, August 4th, Wall Street Journal reports. Stockholders of record on Saturday, September 30th will be given a dividend of 0.15 per share on Monday, October 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Thursday, September 28th.
MercadoLibre (MELI) traded down 10.91% on Friday, hitting $260.47. The stock had a trading volume of 4,299,590 shares. The firm has a market cap of $11.50 billion, a PE ratio of 74.38 and a beta of 2.05. The company’s 50 day moving average is $270.73 and its 200 day moving average is $237.44. MercadoLibre has a 12-month low of $148.98 and a 12-month high of $297.95.
MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.45. The firm had revenue of $316.53 million during the quarter, compared to the consensus estimate of $312.16 million. MercadoLibre had a net margin of 16.10% and a return on equity of 41.12%. The firm’s quarterly revenue was up 58.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. On average, equities research analysts expect that MercadoLibre will post $4.64 EPS for the current fiscal year.
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Several equities analysts have recently commented on MELI shares. Barclays PLC reaffirmed a “buy” rating and set a $275.00 target price on shares of MercadoLibre in a report on Sunday, May 7th. Credit Suisse Group upped their target price on MercadoLibre from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Zacks Investment Research lowered MercadoLibre from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) lowered MercadoLibre from a “buy” rating to a “neutral” rating and lowered their target price for the company from $309.00 to $290.00 in a report on Tuesday, June 13th. Finally, J P Morgan Chase & Co lowered MercadoLibre from an “overweight” rating to a “neutral” rating and upped their target price for the company from $296.24 to $300.00 in a report on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. MercadoLibre presently has a consensus rating of “Hold” and a consensus target price of $255.54.
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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