Analysts expect that Criteo SA (NASDAQ:CRTO) will report earnings of $0.47 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Criteo’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.51. Criteo posted earnings of $0.65 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 27.7%. The company is expected to issue its next earnings report on Wednesday, November 7th.
On average, analysts expect that Criteo will report full-year earnings of $2.36 per share for the current year, with EPS estimates ranging from $2.24 to $2.65. For the next fiscal year, analysts anticipate that the business will post earnings of $2.44 per share, with EPS estimates ranging from $1.70 to $2.99. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Criteo.
Criteo (NASDAQ:CRTO) last posted its earnings results on Wednesday, August 1st. The information services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. Criteo had a net margin of 4.55% and a return on equity of 14.05%. The firm had revenue of $230.00 million during the quarter, compared to analyst estimates of $229.33 million. During the same period last year, the firm posted $0.39 earnings per share. Criteo’s revenue for the quarter was up 4.5% compared to the same quarter last year.
A number of research firms recently weighed in on CRTO. Nomura began coverage on shares of Criteo in a report on Tuesday, July 10th. They issued a “neutral” rating and a $34.00 target price for the company. Morgan Stanley cut their target price on shares of Criteo from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Wednesday, July 11th. Zacks Investment Research lowered shares of Criteo from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. ValuEngine raised shares of Criteo from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 10th. Finally, BidaskClub raised shares of Criteo from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 28th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $39.89.
In other Criteo news, COO Mary Spilman sold 7,165 shares of Criteo stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $26.71, for a total transaction of $191,377.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.32% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. HG Vora Capital Management LLC lifted its position in shares of Criteo by 37.1% during the first quarter. HG Vora Capital Management LLC now owns 4,250,000 shares of the information services provider’s stock worth $109,820,000 after purchasing an additional 1,150,000 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Criteo by 8.7% during the first quarter. Allianz Asset Management GmbH now owns 3,084,800 shares of the information services provider’s stock worth $79,711,000 after purchasing an additional 246,560 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Criteo by 8.6% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,612,825 shares of the information services provider’s stock worth $85,831,000 after purchasing an additional 207,495 shares during the last quarter. First Manhattan Co. lifted its position in shares of Criteo by 9.4% during the second quarter. First Manhattan Co. now owns 2,515,129 shares of the information services provider’s stock worth $82,621,000 after purchasing an additional 215,985 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Criteo by 1,231.7% during the second quarter. Bank of New York Mellon Corp now owns 1,907,183 shares of the information services provider’s stock worth $62,652,000 after purchasing an additional 1,763,968 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.
CRTO stock opened at $24.57 on Tuesday. Criteo has a fifty-two week low of $21.00 and a fifty-two week high of $47.57. The firm has a market capitalization of $1.60 billion, a P/E ratio of 12.84 and a beta of 1.64.
Criteo SA, a technology company, engages in digital performance marketing in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo Engine solutions include recommendation algorithms that create tailored advertisements to specific customer interest by determining the specific products and services to include in the advertisement; predictive bidding algorithms that predict the probability and nature of a user's engagement with a given advertisement; and bidding engine for executing campaigns based on objectives set by the clients.
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