Equities research analysts expect that Criteo S.A. (NASDAQ:CRTO) will announce sales of $212.44 million for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Criteo’s earnings, with estimates ranging from $211.62 million to $213.84 million. Criteo reported sales of $166.23 million during the same quarter last year, which suggests a positive year-over-year growth rate of 27.8%. The company is expected to issue its next earnings results on Wednesday, August 2nd.

According to Zacks, analysts expect that Criteo will report full-year sales of $212.44 million for the current fiscal year, with estimates ranging from $922.00 million to $956.73 million. For the next year, analysts forecast 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 released its quarterly earnings results on Wednesday, May 3rd. The information services provider reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. Criteo had a net margin of 4.05% and a return on equity of 14.88%. The company had revenue of $210 million for the quarter, compared to analyst estimates of $204.51 million. During the same quarter last year, the firm posted $0.43 earnings per share. The company’s quarterly revenue was up 29.6% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on CRTO shares. Jefferies Group LLC reiterated a “buy” rating and set a $48.80 price objective (down previously from $66.00) on shares of Criteo in a research note on Tuesday, June 6th. Cowen and Company set a $60.00 price objective on Criteo and gave the stock a “buy” rating in a research note on Thursday, April 13th. BidaskClub upgraded Criteo from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Criteo in a research note on Monday, April 24th. Finally, Goldman Sachs Group, Inc. (The) cut Criteo from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $49.00 to $51.00 in a research note on Wednesday, March 29th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $51.78.

In related news, Director Pesquidoux Hubert De sold 10,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $52.63, for a total value of $526,300.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jean-Baptiste Rudelle sold 95,897 shares of the stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $52.00, for a total value of $4,986,644.00. Following the completion of the sale, the insider now owns 2,412,569 shares in the company, valued at approximately $125,453,588. The disclosure for this sale can be found here. In the last 90 days, insiders sold 766,498 shares of company stock worth $39,768,768. 5.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position in Criteo by 0.4% in the first quarter. FMR LLC now owns 6,399,000 shares of the information services provider’s stock valued at $319,886,000 after buying an additional 22,855 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Criteo by 6.2% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,124,070 shares of the information services provider’s stock valued at $106,182,000 after buying an additional 124,005 shares during the last quarter. Comgest Global Investors S.A.S. boosted its position in Criteo by 1.6% in the first quarter. Comgest Global Investors S.A.S. now owns 1,896,192 shares of the information services provider’s stock valued at $94,791,000 after buying an additional 30,642 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Criteo by 111.4% in the first quarter. Bank of New York Mellon Corp now owns 1,638,336 shares of the information services provider’s stock valued at $81,899,000 after buying an additional 863,485 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Criteo by 1.2% in the first quarter. American Century Companies Inc. now owns 1,189,952 shares of the information services provider’s stock valued at $59,486,000 after buying an additional 14,120 shares during the last quarter. Hedge funds and other institutional investors own 83.37% of the company’s stock.

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Criteo (NASDAQ CRTO) opened at 50.56 on Friday. Criteo has a 52-week low of $32.83 and a 52-week high of $56.00. The company has a market cap of $3.11 billion, a P/E ratio of 43.32 and a beta of 2.72.

About Criteo

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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