Mercadolibre (MELI) Earning Somewhat Favorable Media Coverage, Analysis Shows

News coverage about Mercadolibre (NASDAQ:MELI) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mercadolibre earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.9833974000498 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

MELI has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Mercadolibre from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $270.00 price target on shares of Mercadolibre in a report on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and set a $275.00 price target (up from $260.00) on shares of Mercadolibre in a report on Wednesday, August 9th. BidaskClub downgraded shares of Mercadolibre from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $215.00 price objective on shares of Mercadolibre in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $271.21.

Mercadolibre (NASDAQ MELI) traded up $0.47 during trading on Thursday, reaching $272.68. 379,881 shares of the company’s stock traded hands, compared to its average volume of 644,387. Mercadolibre has a 12 month low of $150.29 and a 12 month high of $297.95. The stock has a market cap of $11,957.81, a PE ratio of 77.37, a price-to-earnings-growth ratio of 4.47 and a beta of 2.05. 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 (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.07. Mercadolibre had a net margin of 10.91% and a return on equity of 34.78%. The firm had revenue of $370.66 million during the quarter, compared to analysts’ expectations of $347.29 million. During the same quarter in the prior year, the company earned $0.88 EPS. The company’s revenue was up 60.6% compared to the same quarter last year. research analysts predict that Mercadolibre will post 2.42 earnings per share for the current year.

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

In other Mercadolibre news, Director Alejandro Nicolas Aguzin purchased 10,000 shares of the stock in a transaction dated Monday, November 27th. The stock was purchased at an average price of $274.47 per share, with a total value of $2,744,700.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $2,744,700. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

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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).

Insider Buying and Selling by Quarter for Mercadolibre (NASDAQ:MELI)

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