MercadoLibre, Inc. (NASDAQ:MELI) posted its quarterly earnings results on Thursday. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.56 by $0.07, RTT News reports. MercadoLibre had a return on equity of 33.82% and a net margin of 10.91%. The business had revenue of $370.66 million for the quarter, compared to analyst estimates of $347.29 million. During the same quarter in the previous year, the firm earned $0.88 EPS. The company’s quarterly revenue was up 60.6% compared to the same quarter last year.

MercadoLibre (NASDAQ MELI) opened at $267.35 on Friday. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 67.43, a PEG ratio of 3.66 and a beta of 2.04. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.67.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, December 28th. MercadoLibre’s dividend payout ratio is currently 19.93%.

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MELI has been the topic of several analyst reports. Piper Jaffray Companies reiterated a “buy” rating and set a $268.00 price target on shares of MercadoLibre in a report on Monday, October 23rd. Barclays PLC reduced their price target on MercadoLibre from $300.00 to $290.00 and set an “overweight” rating on the stock in a report on Wednesday, July 19th. Susquehanna Bancshares Inc reiterated a “market perform” rating and set a $275.00 price target on shares of MercadoLibre in a report on Tuesday, August 1st. Credit Suisse Group reiterated a “buy” rating and set a $290.00 price target on shares of MercadoLibre in a report on Friday, July 7th. Finally, BidaskClub upgraded MercadoLibre from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. MercadoLibre currently has a consensus rating of “Buy” and a consensus price target of $271.21.

About MercadoLibre

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).

Earnings History for MercadoLibre (NASDAQ:MELI)

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