Criteo S.A. (CRTO) Expected to Announce Quarterly Sales of $229.58 Million
Analysts expect Criteo S.A. (NASDAQ:CRTO) to report $229.58 million in sales for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Criteo’s earnings, with the lowest sales estimate coming in at $228.88 million and the highest estimate coming in at $231.00 million. Criteo reported sales of $176.56 million during the same quarter last year, which suggests a positive year-over-year growth rate of 30%. The company is scheduled to announce its next quarterly earnings report on Wednesday, November 1st.
On average, analysts expect that Criteo will report full year sales of $229.58 million for the current fiscal year, with estimates ranging from $940.33 million to $960.14 million. For the next fiscal year, analysts anticipate that the company will report sales of $1.14 billion per share, with estimates ranging from $1.11 billion to $1.17 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Criteo.
Criteo (NASDAQ:CRTO) last released its earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.05. The business had revenue of $220.00 million for the quarter, compared to the consensus estimate of $212.55 million. Criteo had a net margin of 3.48% and a return on equity of 13.94%. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share.
Several equities analysts have recently weighed in on the stock. KeyCorp reaffirmed a “buy” rating and set a $62.00 price target on shares of Criteo in a research note on Friday. BMO Capital Markets reaffirmed a “buy” rating and set a $70.00 price target on shares of Criteo in a research note on Wednesday. Zacks Investment Research cut shares of Criteo from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BidaskClub cut shares of Criteo from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $61.00 price target (up from $60.00) on shares of Criteo in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Criteo has an average rating of “Hold” and an average price target of $55.98.
Criteo (NASDAQ CRTO) opened at 42.89 on Friday. The stock has a market capitalization of $2.64 billion, a P/E ratio of 40.42 and a beta of 2.72. The stock has a 50 day moving average of $47.90 and a 200 day moving average of $49.85. Criteo has a 52-week low of $32.83 and a 52-week high of $56.00.
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In other Criteo news, insider Jean-Baptiste Rudelle sold 9,129 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $51.62, for a total transaction of $471,238.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Warner sold 1,250 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $50.46, for a total value of $63,075.00. The disclosure for this sale can be found here. Insiders sold 523,980 shares of company stock valued at $25,569,623 over the last three months. 5.60% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in CRTO. Perigon Wealth Management LLC acquired a new stake in Criteo during the 2nd quarter valued at $137,000. Fifth Third Bancorp acquired a new stake in Criteo during the 1st quarter valued at $176,000. Pictet & Cie Europe SA acquired a new stake in Criteo during the 1st quarter valued at $221,000. Oppenheimer Asset Management Inc. acquired a new stake in Criteo during the 1st quarter valued at $230,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Criteo by 88.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,689 shares of the information services provider’s stock valued at $233,000 after purchasing an additional 2,203 shares during the last quarter. 84.40% of the stock is owned by institutional investors and hedge funds.
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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