QIWI (NASDAQ:QIWI) Posts Quarterly Earnings Results

QIWI (NASDAQ:QIWI) issued its earnings results on Tuesday. The credit services provider reported $43.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $42.85, MarketWatch Earnings reports. QIWI had a return on equity of 32.47% and a net margin of 23.71%. The firm had revenue of $88.20 million for the quarter, compared to analyst estimates of $84.00 million. During the same period in the previous year, the company posted $0.66 earnings per share. QIWI updated its FY 2021 guidance to EPS.

QIWI stock traded down $0.17 during midday trading on Friday, hitting $8.33. 348,433 shares of the company’s stock were exchanged, compared to its average volume of 346,509. QIWI has a 52-week low of $7.67 and a 52-week high of $15.04. The stock has a 50-day moving average price of $8.63 and a two-hundred day moving average price of $9.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $522.40 million, a P/E ratio of 3.91 and a beta of 0.70.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 14th. Investors of record on Monday, December 6th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 14.41%. The ex-dividend date of this dividend is Friday, December 3rd. QIWI’s payout ratio is 52.58%.

QIWI has been the topic of a number of analyst reports. Zacks Investment Research upgraded QIWI from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a research note on Friday. William Blair reiterated a “market perform” rating on shares of QIWI in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.08.

A number of institutional investors have recently bought and sold shares of QIWI. Millennium Management LLC boosted its holdings in shares of QIWI by 252.3% in the 3rd quarter. Millennium Management LLC now owns 139,362 shares of the credit services provider’s stock worth $1,168,000 after purchasing an additional 99,806 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of QIWI by 26.1% in the 3rd quarter. Jane Street Group LLC now owns 45,153 shares of the credit services provider’s stock worth $378,000 after purchasing an additional 9,337 shares in the last quarter. UBS Group AG boosted its holdings in shares of QIWI by 25.0% in the 3rd quarter. UBS Group AG now owns 24,386 shares of the credit services provider’s stock worth $204,000 after purchasing an additional 4,874 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of QIWI by 18.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 23,008 shares of the credit services provider’s stock worth $193,000 after purchasing an additional 3,618 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of QIWI by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 25,057 shares of the credit services provider’s stock worth $209,000 after purchasing an additional 1,523 shares in the last quarter. Institutional investors and hedge funds own 15.61% of the company’s stock.

QIWI Company Profile

Qiwi Plc is a holding company, which engages in the provision of payment and financial services. It operates through the following segments: Payment Services (PS), Consumer Financial Services (CFS), Small and Medium Enterprises (SME), Rocketbank (RB), and Corporate and Other (CO). The PS segment provides virtual distribution services through the QIWI Wallet and other QIWI applications.

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Earnings History for QIWI (NASDAQ:QIWI)

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