Mercadolibre (MELI) Scheduled to Post Earnings on Thursday

Mercadolibre (NASDAQ:MELI) will be releasing its earnings data after the market closes on Thursday, February 22nd. Analysts expect Mercadolibre to post earnings of $0.51 per share for the quarter.

Mercadolibre (NASDAQ MELI) opened at $369.87 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.44. Mercadolibre has a fifty-two week low of $190.07 and a fifty-two week high of $395.67. The company has a market cap of $16,332.48, a price-to-earnings ratio of 122.88, a PEG ratio of 4.84 and a beta of 2.15.

Several research firms have recently commented on MELI. Piper Jaffray Companies boosted their price target on shares of Mercadolibre from $268.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Credit Suisse Group boosted their price target on shares of Mercadolibre from $350.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Stifel Nicolaus restated a “buy” rating and set a $415.00 price target (up from $350.00) on shares of Mercadolibre in a report on Sunday, January 28th. BidaskClub upgraded shares of Mercadolibre from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. Finally, Zacks Investment Research upgraded shares of Mercadolibre from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Mercadolibre has a consensus rating of “Buy” and a consensus target price of $320.62.

In other Mercadolibre news, Director Alejandro Nicolas Aguzin acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was purchased at an average cost of $274.47 per share, for a total transaction of $2,744,700.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $2,744,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.36% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Mercadolibre (MELI) Scheduled to Post Earnings on Thursday” was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://stocknewstimes.com/2018/02/20/mercadolibre-meli-scheduled-to-post-earnings-on-thursday.html.

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).

Earnings History for Mercadolibre (NASDAQ:MELI)

Receive News & Ratings for Mercadolibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercadolibre and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply