Analysts Offer Predictions for QIWI PLC’s FY2017 Earnings (QIWI)
QIWI PLC (NASDAQ:QIWI) – Investment analysts at William Blair dropped their FY2017 EPS estimates for shares of QIWI PLC in a report released on Tuesday. William Blair analyst R. Napoli now forecasts that the credit services provider will post earnings per share of $1.11 for the year, down from their previous estimate of $1.15. William Blair also issued estimates for QIWI PLC’s Q4 2017 earnings at $0.25 EPS and FY2018 earnings at $1.19 EPS.
A number of other equities research analysts also recently commented on the stock. BidaskClub downgraded shares of QIWI PLC from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded shares of QIWI PLC from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, May 24th. ValuEngine downgraded shares of QIWI PLC from a “buy” rating to a “hold” rating in a research report on Thursday, May 18th. VTB Capital downgraded shares of QIWI PLC from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research report on Monday, June 19th. Finally, Citigroup Inc. downgraded shares of QIWI PLC from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $23.25.
QIWI PLC (NASDAQ:QIWI) opened at 17.56 on Wednesday. QIWI PLC has a 12-month low of $11.60 and a 12-month high of $26.55.
QIWI PLC (NASDAQ:QIWI) last released its quarterly earnings results on Wednesday, May 17th. The credit services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.72 billion. QIWI PLC had a return on equity of 23.38% and a net margin of 14.27%. QIWI PLC’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $20.41 EPS.
Several large investors have recently bought and sold shares of QIWI. Advisors Preferred LLC bought a new stake in QIWI PLC during the first quarter worth about $143,000. KCG Holdings Inc. bought a new stake in QIWI PLC during the first quarter worth about $200,000. Cambridge Investment Research Advisors Inc. bought a new stake in QIWI PLC during the second quarter worth about $201,000. Quantbot Technologies LP increased its stake in QIWI PLC by 141.4% in the first quarter. Quantbot Technologies LP now owns 11,982 shares of the credit services provider’s stock worth $205,000 after buying an additional 7,018 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in QIWI PLC during the first quarter worth about $221,000. Institutional investors own 16.76% of the company’s stock.
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. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.
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