Zacks: Analysts Anticipate Criteo S.A. (CRTO) to Post $0.58 Earnings Per Share
Equities research analysts forecast that Criteo S.A. (NASDAQ:CRTO) will post earnings of $0.58 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Criteo’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.55. Criteo posted earnings per share of $0.48 in the same quarter last year, which would suggest a positive year over year growth rate of 20.8%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that Criteo will report full-year earnings of $2.47 per share for the current financial year, with EPS estimates ranging from $2.33 to $2.56. For the next financial year, analysts forecast that the company will post earnings of $3.04 per share, with EPS estimates ranging from $2.80 to $3.30. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Criteo.
Criteo (NASDAQ:CRTO) last posted its earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. Criteo had a return on equity of 13.94% and a net margin of 3.48%. The company had revenue of $220.00 million during the quarter, compared to analyst estimates of $212.55 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. Criteo’s revenue was up 32.5% on a year-over-year basis.
A number of research analysts have recently commented on CRTO shares. Cowen and Company reaffirmed a “buy” rating and set a $60.00 target price on shares of Criteo in a research note on Friday, July 28th. Berenberg Bank reiterated a “buy” rating and issued a $63.00 price target on shares of Criteo in a report on Friday, September 22nd. KeyCorp reiterated a “buy” rating and issued a $62.00 price target on shares of Criteo in a report on Friday, September 15th. BMO Capital Markets reiterated a “buy” rating and issued a $70.00 price target on shares of Criteo in a report on Wednesday, September 13th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $60.00 price target on shares of Criteo in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $55.70.
In other Criteo news, insider Jean-Baptiste Rudelle sold 9,129 shares of the company’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Warner sold 1,250 shares of the company’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $45.97, for a total value of $57,462.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 223,129 shares of company stock valued at $10,800,616. 5.60% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Perigon Wealth Management LLC purchased a new stake in Criteo during the second quarter worth $137,000. Fifth Third Bancorp purchased a new stake in Criteo during the first quarter worth $176,000. Oppenheimer Asset Management Inc. purchased a new stake in Criteo during the first quarter worth $230,000. Envestnet Asset Management Inc. lifted its holdings in Criteo by 88.6% during the first quarter. Envestnet Asset Management Inc. now owns 4,689 shares of the information services provider’s stock worth $233,000 after buying an additional 2,203 shares during the period. Finally, Pictet & Cie Europe SA lifted its holdings in Criteo by 23.5% during the second quarter. Pictet & Cie Europe SA now owns 5,460 shares of the information services provider’s stock worth $268,000 after buying an additional 1,040 shares during the period. Institutional investors own 83.73% of the company’s stock.
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Shares of Criteo (CRTO) opened at 46.01 on Monday. Criteo has a one year low of $34.44 and a one year high of $56.00. The stock’s 50 day moving average price is $44.07 and its 200 day moving average price is $48.77. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 43.36 and a beta of 2.66.
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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