Criteo SA (CRTO) Expected to Announce Quarterly Sales of $261.41 Million

Wall Street brokerages expect that Criteo SA (NASDAQ:CRTO) will report $261.41 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Criteo’s earnings, with estimates ranging from $258.36 million to $263.10 million. Criteo reported sales of $224.95 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.2%. The firm is expected to announce its next quarterly earnings report before the market opens on Wednesday, February 14th.

According to Zacks, analysts expect that Criteo will report full year sales of $261.41 million for the current fiscal year, with estimates ranging from $922.55 million to $927.30 million. For the next fiscal year, analysts expect that the business will post sales of $913.11 million per share, with estimates ranging from $875.43 million to $958.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Criteo.

A number of research firms have recently issued reports on CRTO. Zacks Investment Research lowered shares of Criteo from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. BMO Capital Markets reaffirmed a “buy” rating and set a $70.00 price objective on shares of Criteo in a research report on Wednesday, October 18th. Macquarie started coverage on shares of Criteo in a research report on Thursday, October 12th. They set a “neutral” rating and a $51.00 price objective on the stock. Deutsche Bank lowered their price objective on shares of Criteo to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, October 31st. Finally, Susquehanna Bancshares lowered their price objective on shares of Criteo from $50.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $43.19.

In other Criteo news, CEO Eric Eichmann sold 7,153 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $24.87, for a total value of $177,895.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jean-Baptiste Rudelle sold 1,261 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $24.78, for a total transaction of $31,247.58. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. River & Mercantile Asset Management LLP grew its position in Criteo by 89.0% in the fourth quarter. River & Mercantile Asset Management LLP now owns 144,131 shares of the information services provider’s stock worth $3,751,000 after acquiring an additional 67,860 shares in the last quarter. California Public Employees Retirement System grew its position in Criteo by 4.2% in the fourth quarter. California Public Employees Retirement System now owns 74,710 shares of the information services provider’s stock worth $1,945,000 after acquiring an additional 2,985 shares in the last quarter. Global Thematic Partners LLC grew its position in Criteo by 42.5% in the fourth quarter. Global Thematic Partners LLC now owns 688,788 shares of the information services provider’s stock worth $17,928,000 after acquiring an additional 205,419 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in Criteo in the fourth quarter worth approximately $235,000. Finally, Sumitomo Mitsui Asset Management Company LTD grew its position in Criteo by 2.2% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,405,330 shares of the information services provider’s stock worth $62,610,000 after acquiring an additional 51,370 shares in the last quarter. 83.75% of the stock is owned by institutional investors.

Shares of Criteo (CRTO) opened at $22.54 on Friday. Criteo has a 1-year low of $21.00 and a 1-year high of $56.00. The stock has a market cap of $1,459.77, a P/E ratio of 14.65, a PEG ratio of 1.08 and a beta of 2.25.

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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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