Brokerages Anticipate Criteo S.A. (CRTO) Will Post Quarterly Sales of $212.43 Million
Equities research analysts forecast that Criteo S.A. (NASDAQ:CRTO) will post $212.43 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Criteo’s earnings. The lowest sales estimate is $211.62 million and the highest is $213.84 million. Criteo reported sales of $166.23 million during the same quarter last year, which indicates a positive year over year growth rate of 27.8%. The business is expected to report its next earnings report on Wednesday, August 2nd.
According to Zacks, analysts expect that Criteo will report full year sales of $212.43 million for the current financial year, with estimates ranging from $922.00 million to $956.73 million. For the next year, analysts anticipate that the firm will report sales of $1.13 billion per share, with estimates ranging from $1.10 billion to $1.16 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Criteo.
Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, May 3rd. The information services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $210 million during the quarter, compared to analysts’ expectations of $204.51 million. Criteo had a return on equity of 14.88% and a net margin of 4.05%. The company’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS.
CRTO has been the subject of several recent research reports. Cowen and Company reaffirmed an “outperform” rating and set a $60.00 target price on shares of Criteo in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) lowered Criteo from a “buy” rating to a “neutral” rating and upped their target price for the company from $49.00 to $51.00 in a report on Wednesday, March 29th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Criteo in a report on Thursday, March 16th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Criteo in a report on Monday, April 24th. Finally, BidaskClub lowered Criteo from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $51.89.
In other Criteo news, CFO Benoit Fouilland sold 6,250 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of $49.17, for a total transaction of $307,312.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jean-Baptiste Rudelle sold 103,754 shares of the stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $50.27, for a total value of $5,215,713.58. Following the transaction, the insider now directly owns 2,626,119 shares of the company’s stock, valued at $132,015,002.13. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 971,871 shares of company stock valued at $50,126,533. 8.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of CRTO. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Criteo during the first quarter worth about $4,199,000. Harbour Capital Advisors LLC raised its position in shares of Criteo by 47.2% in the first quarter. Harbour Capital Advisors LLC now owns 10,600 shares of the information services provider’s stock worth $530,000 after buying an additional 3,400 shares during the last quarter. Credit Suisse AG raised its position in shares of Criteo by 43.8% in the first quarter. Credit Suisse AG now owns 275,526 shares of the information services provider’s stock worth $13,774,000 after buying an additional 83,950 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new position in shares of Criteo during the first quarter worth about $44,883,000. Finally, York Capital Management Global Advisors LLC purchased a new position in shares of Criteo during the first quarter worth about $2,928,000. 83.88% of the stock is owned by hedge funds and other institutional investors.
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Criteo (CRTO) traded down 0.41% during mid-day trading on Wednesday, hitting $48.22. The stock had a trading volume of 132,740 shares. Criteo has a 12-month low of $32.83 and a 12-month high of $56.00. The company has a 50-day moving average of $50.90 and a 200-day moving average of $47.73. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 41.32 and a beta of 2.71. Criteo also saw some unusual options trading on Monday. Traders bought 6,766 put options on the stock. This is an increase of 559% compared to the typical volume of 1,027 put options.
Criteo Company Profile
Criteo SA is a France-based company specializing in digital performance marketing. Its solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.
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