Qiwi PLC (NASDAQ:QIWI) to Issue $0.28 Dividend

Qiwi PLC (NASDAQ:QIWI) declared a dividend on Wednesday, November 20th, Fidelity reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.28 per share by the credit services provider on Monday, December 9th. The ex-dividend date is Friday, November 29th.

QIWI stock traded down $0.17 during midday trading on Wednesday, reaching $20.20. The stock had a trading volume of 969 shares, compared to its average volume of 461,945. The stock has a market cap of $1.23 billion, a PE ratio of 21.08 and a beta of 1.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a fifty day simple moving average of $19.20 and a two-hundred day simple moving average of $19.88. Qiwi has a 52-week low of $12.93 and a 52-week high of $25.25.

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Qiwi (NASDAQ:QIWI) last issued its earnings results on Wednesday, November 20th. The credit services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.15. Qiwi had a return on equity of 23.70% and a net margin of 13.53%. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.78 billion. During the same quarter last year, the business posted $18.99 EPS. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. On average, sell-side analysts predict that Qiwi will post 1.57 EPS for the current fiscal year.

Several research firms have recently weighed in on QIWI. ValuEngine downgraded shares of Qiwi from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. UBS Group upped their price target on shares of Qiwi from $25.80 to $27.80 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Zacks Investment Research raised shares of Qiwi from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Saturday, November 9th. William Blair reaffirmed a “market perform” rating on shares of Qiwi in a research note on Wednesday, November 20th. Finally, Goldman Sachs Group started coverage on shares of Qiwi in a research note on Monday. They issued a “buy” rating and a $27.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $23.95.

Qiwi Company Profile

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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