FY2025 EPS Estimates for MercadoLibre Increased by Analyst

MercadoLibre, Inc. (NASDAQ:MELI) – Analysts at Cantor Fitzgerald boosted their FY2025 earnings per share (EPS) estimates for shares of MercadoLibre in a research note issued to investors on Thursday, May 8th. Cantor Fitzgerald analyst D. Mathivanan now expects that the company will post earnings per share of $48.27 for the year, up from their prior forecast of $46.58. Cantor Fitzgerald has a “Overweight” rating and a $2,400.00 price target on the stock. The consensus estimate for MercadoLibre’s current full-year earnings is $43.96 per share.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating analysts’ consensus estimates of $7.82 by $1.92. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.55 billion. During the same period last year, the business posted $6.78 EPS. MercadoLibre’s revenue for the quarter was up 37.0% on a year-over-year basis.

MELI has been the subject of a number of other reports. New Street Research upgraded MercadoLibre from a “neutral” rating to a “buy” rating and raised their target price for the company from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. StockNews.com upgraded MercadoLibre from a “hold” rating to a “buy” rating in a report on Thursday, May 8th. Citigroup restated a “buy” rating on shares of MercadoLibre in a report on Tuesday, April 15th. The Goldman Sachs Group increased their price target on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Finally, Benchmark lowered MercadoLibre from a “buy” rating to a “cautious” rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, MercadoLibre currently has an average rating of “Moderate Buy” and an average target price of $2,504.67.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $2,504.61 on Monday. The business has a 50-day moving average of $2,089.82 and a 200 day moving average of $1,984.71. MercadoLibre has a 12 month low of $1,550.00 and a 12 month high of $2,520.00. The stock has a market capitalization of $126.98 billion, a price-to-earnings ratio of 66.44, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22.

Institutional Investors Weigh In On MercadoLibre

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Research Global Investors raised its position in shares of MercadoLibre by 8.0% during the 4th quarter. Capital Research Global Investors now owns 2,415,815 shares of the company’s stock worth $4,108,079,000 after acquiring an additional 179,807 shares in the last quarter. Capital International Investors increased its position in MercadoLibre by 38.7% during the fourth quarter. Capital International Investors now owns 1,687,114 shares of the company’s stock worth $2,868,869,000 after buying an additional 470,829 shares during the period. Capital World Investors increased its position in MercadoLibre by 24.5% during the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company’s stock worth $2,667,386,000 after buying an additional 308,973 shares during the period. Price T Rowe Associates Inc. MD increased its position in MercadoLibre by 41.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company’s stock worth $2,370,848,000 after buying an additional 405,425 shares during the period. Finally, Jennison Associates LLC increased its position in MercadoLibre by 1.6% during the first quarter. Jennison Associates LLC now owns 1,154,116 shares of the company’s stock worth $2,251,531,000 after buying an additional 18,731 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

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.