Criteo S.A. (CRTO) Set to Announce Quarterly Earnings on Wednesday
Criteo S.A. (NASDAQ:CRTO) will announce its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.54 per share for the quarter.
Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $212.55 million. During the same quarter in the prior year, the company earned $0.33 EPS. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. On average, analysts expect Criteo to post $1.8 EPS for the current fiscal year and $2.29 EPS for the next fiscal year.
Criteo S.A. (CRTO) opened at 42.57 on Wednesday. The firm has a market cap of $2.62 billion, a P/E ratio of 40.12 and a beta of 2.66. Criteo S.A. has a 12-month low of $35.51 and a 12-month high of $56.00. The company has a 50-day moving average price of $43.96 and a 200-day moving average price of $48.64.
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Several research firms have weighed in on CRTO. Cowen and Company reissued a “buy” rating and set a $60.00 target price on shares of Criteo in a report on Friday, July 28th. KeyCorp initiated coverage on Criteo in a report on Monday, July 31st. They issued an “overweight” rating and a $62.00 price objective on the stock. Deutsche Bank AG upped their price objective on Criteo from $64.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Stifel Nicolaus set a $50.00 price objective on Criteo and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $60.00 target price on shares of Criteo in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $55.70.
In other news, CRO Mary Spilman sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $49.50, for a total value of $990,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director James Warner sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $51.49, for a total transaction of $64,362.50. The disclosure for this sale can be found here. In the last three months, insiders sold 214,000 shares of company stock valued at $10,329,377. Corporate insiders own 5.60% of the company’s stock.
An institutional investor recently raised its position in Criteo stock. State Street Corp boosted its holdings in shares of Criteo S.A. (NASDAQ:CRTO) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,727 shares of the information services provider’s stock after buying an additional 820 shares during the quarter. State Street Corp’s holdings in Criteo were worth $1,311,000 as of its most recent SEC filing. 83.60% of the stock is owned by institutional investors.
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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