MercadoLibre, Inc. (NASDAQ:MELI) Given Price Target Of $161.666


As per MercadoLibre, Inc. (NASDAQ:MELI)’s news release on 2016-08-10, its shareholders will get cash dividend of $0.15 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-30 and 2016-10-14, respectively.

The stock will commence trading ex-dividend from 2016-09-28, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year MercadoLibre, Inc. (NASDAQ:MELI) disbursed $0.15 in dividend compared to distribution of $0.15, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -37.9518%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated MercadoLibre, Inc. (NASDAQ:MELI) to attain a price target of $161.666. It is an average estimate figure given by 6 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $200. The low price range is set at $100 for next year while the arithmetic mean is seen at 1.96.

Eyeing Earnings MercadoLibre, Inc. (NASDAQ:MELI) is likely to post quarterly numbers around 2016-11-02 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.84 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, MercadoLibre, Inc. (NASDAQ:MELI) earnings came at $0.74 suggesting a deviation of $0.17. The brokerages targeted EPS of $0.57 for the quarter.

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