MercadoLibre (NASDAQ:MELI) Issues Earnings Results, Beats Estimates By $0.14 EPS

MercadoLibre (NASDAQ:MELI) issued its quarterly earnings results on Thursday. The company reported $6.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.64 by $0.14, Briefing.com reports. MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same period in the previous year, the business earned $3.97 EPS. The company’s revenue was up 36.0% compared to the same quarter last year.

MercadoLibre Stock Performance

NASDAQ MELI traded up $124.57 on Friday, reaching $1,630.56. The stock had a trading volume of 1,346,547 shares, compared to its average volume of 402,715. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.24. The firm has a fifty day moving average of $1,499.27 and a two-hundred day moving average of $1,534.96. MercadoLibre has a 1-year low of $1,063.02 and a 1-year high of $1,825.00. The company has a market cap of $82.67 billion, a P/E ratio of 83.45, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays lowered their target price on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 3rd. StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Wedbush reissued an “outperform” rating and issued a $1,800.00 price objective on shares of MercadoLibre in a research report on Friday. Susquehanna upped their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a report on Friday, February 23rd. Finally, Citigroup lowered their price target on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,790.36.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.