Analysts Anticipate Criteo S.A. (CRTO) Will Post Quarterly Sales of $262.00 Million

Analysts expect Criteo S.A. (NASDAQ:CRTO) to report sales of $262.00 million for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Criteo’s earnings. The lowest sales estimate is $260.40 million and the highest is $263.10 million. Criteo reported sales of $224.95 million during the same quarter last year, which suggests a positive year-over-year growth rate of 16.5%. The business is expected to announce its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Criteo will report full year sales of $262.00 million for the current year, with estimates ranging from $924.60 million to $964.00 million. For the next fiscal year, analysts forecast that the firm will post sales of $1.03 billion per share, with estimates ranging from $1.01 billion to $1.06 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Criteo.

A number of research firms have recently weighed in on CRTO. TheStreet downgraded Criteo from a “b-” rating to a “c+” rating in a research report on Monday, November 20th. Berenberg Bank reiterated a “buy” rating and set a $63.00 target price on shares of Criteo in a research report on Friday, November 10th. Susquehanna Bancshares cut their target price on Criteo from $50.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Citigroup cut their target price on Criteo from $61.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Criteo in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. Criteo currently has a consensus rating of “Hold” and a consensus price target of $54.32.

In related news, Director James Warner sold 1,250 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $42.21, for a total transaction of $52,762.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Mary Spilman sold 2,500 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $38.03, for a total value of $95,075.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,825 shares of company stock valued at $2,123,138. 5.60% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Perigon Wealth Management LLC acquired a new position in Criteo in the 2nd quarter worth about $137,000. First Quadrant L P CA acquired a new position in Criteo in the 3rd quarter worth about $129,000. Pictet & Cie Europe SA increased its holdings in Criteo by 23.5% in the 2nd quarter. Pictet & Cie Europe SA now owns 5,460 shares of the information services provider’s stock worth $268,000 after purchasing an additional 1,040 shares in the last quarter. US Bancorp DE increased its holdings in Criteo by 35.4% in the 2nd quarter. US Bancorp DE now owns 6,585 shares of the information services provider’s stock worth $323,000 after purchasing an additional 1,722 shares in the last quarter. Finally, Fox Run Management L.L.C. increased its holdings in Criteo by 51.0% in the 3rd quarter. Fox Run Management L.L.C. now owns 7,400 shares of the information services provider’s stock worth $307,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 89.04% of the company’s stock.

Shares of Criteo (NASDAQ:CRTO) opened at $32.46 on Friday. The firm has a market capitalization of $2,031.10, a price-to-earnings ratio of 22.09, a PEG ratio of 1.01 and a beta of 2.52. Criteo has a 1 year low of $31.58 and a 1 year high of $56.00.

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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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Earnings History and Estimates for Criteo (NASDAQ:CRTO)

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