Zacks: Brokerages Expect Qiwi PLC (NASDAQ:QIWI) to Post $0.31 EPS

Analysts forecast that Qiwi PLC (NASDAQ:QIWI) will report earnings of $0.31 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Qiwi’s earnings. Qiwi reported earnings of $0.23 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 34.8%. The company is expected to announce its next earnings results on Thursday, August 15th.

According to Zacks, analysts expect that Qiwi will report full year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.58. For the next fiscal year, analysts expect that the business will post earnings of $1.94 per share, with EPS estimates ranging from $1.77 to $2.10. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Qiwi.

Qiwi (NASDAQ:QIWI) last announced its earnings results on Thursday, May 16th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.14. Qiwi had a return on equity of 16.86% and a net margin of 12.20%. The company had revenue of $82.90 million for the quarter.

QIWI has been the topic of several recent analyst reports. TheStreet raised Qiwi from a “c+” rating to a “b-” rating in a research report on Thursday, March 21st. Zacks Investment Research raised Qiwi from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 17th. BidaskClub lowered Qiwi from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 14th. ValuEngine lowered Qiwi from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. raised Qiwi from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $20.00 in a report on Thursday, May 16th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Qiwi presently has an average rating of “Buy” and a consensus price target of $20.33.

Several hedge funds have recently made changes to their positions in QIWI. Morgan Stanley increased its holdings in shares of Qiwi by 34.1% in the third quarter. Morgan Stanley now owns 113,938 shares of the credit services provider’s stock valued at $1,501,000 after purchasing an additional 28,975 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Qiwi in the fourth quarter valued at about $37,000. Financial Gravity Companies Inc. acquired a new position in shares of Qiwi in the fourth quarter valued at about $65,000. Smith Asset Management Group LP acquired a new position in shares of Qiwi in the fourth quarter valued at about $101,000. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Qiwi in the fourth quarter valued at about $268,000. 24.51% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:QIWI traded up $0.14 during mid-day trading on Friday, hitting $19.25. 13,600 shares of the company’s stock traded hands, compared to its average volume of 395,097. Qiwi has a twelve month low of $11.61 and a twelve month high of $19.29. The firm has a market capitalization of $1.16 billion, a P/E ratio of 19.99 and a beta of 1.07.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 28th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, May 24th. This is a positive change from Qiwi’s previous quarterly dividend of $0.21. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.82%. Qiwi’s dividend payout ratio is currently 29.17%.

About Qiwi

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.

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