Wall Street brokerages expect that Criteo SA (NASDAQ:CRTO) will post $222.56 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Criteo’s earnings. The highest sales estimate is $223.80 million and the lowest is $220.06 million. Criteo posted sales of $230.22 million during the same quarter last year, which would suggest a negative year over year growth rate of 3.3%. The firm is expected to issue its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Criteo will report full year sales of $967.18 million for the current year, with estimates ranging from $937.95 million to $1.01 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.02 billion, with estimates ranging from $961.35 million to $1.10 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Criteo.
Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Tuesday, April 30th. The information services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13. The firm had revenue of $235.69 million for the quarter, compared to analysts’ expectations of $234.24 million. Criteo had a net margin of 3.83% and a return on equity of 10.75%. Criteo’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share.
A number of research analysts have weighed in on CRTO shares. Macquarie started coverage on shares of Tullow Oil in a research report on Wednesday, May 1st. They set a “neutral” rating on the stock. Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. BMO Capital Markets reaffirmed a “hold” rating and set a $45.00 price target on shares of SAP in a research report on Wednesday, May 1st. SunTrust Banks boosted their target price on shares of HubSpot to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, BidaskClub cut shares of Amyris from a “hold” rating to a “sell” rating in a research report on Thursday, June 27th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Criteo currently has a consensus rating of “Hold” and a consensus target price of $28.78.
CRTO stock traded down $0.05 during midday trading on Friday, reaching $17.92. 143,200 shares of the company’s stock traded hands, compared to its average volume of 521,745. The company has a market cap of $1.18 billion, a P/E ratio of 10.93, a P/E/G ratio of 2.16 and a beta of 0.91. Criteo has a fifty-two week low of $16.46 and a fifty-two week high of $36.66. The stock’s 50-day simple moving average is $18.38.
In related news, COO Mary Spilman sold 1,567 shares of Criteo stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $17.05, for a total value of $26,717.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.01% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of CRTO. Xact Kapitalforvaltning AB bought a new position in shares of Criteo during the second quarter worth about $174,000. DNB Asset Management AS lifted its holdings in Criteo by 800.2% in the second quarter. DNB Asset Management AS now owns 2,042,979 shares of the information services provider’s stock worth $35,119,000 after purchasing an additional 1,816,025 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in Criteo by 55.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,137,060 shares of the information services provider’s stock worth $22,775,000 after purchasing an additional 405,600 shares during the period. FMR LLC lifted its holdings in Criteo by 89.7% in the first quarter. FMR LLC now owns 823,009 shares of the information services provider’s stock worth $16,485,000 after purchasing an additional 389,100 shares during the period. Finally, Clearbridge Investments LLC acquired a new stake in Criteo in the first quarter worth about $1,645,000. Institutional investors and hedge funds own 80.59% of the company’s stock.
Criteo Company Profile
Criteo SA, a technology company, provides an advertising platform for the open Internet 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 AI Engine solutions include Lookalike finder algorithms; recommendation algorithms; predictive bidding algorithms; bidding engine that executes campaigns based on certain objectives set by its clients; dynamic creative optimization+, which assembles customized creative advertising content by optimizing each individual creative component in the advertisement; software systems and processes, which enable data synchronization, storage, and analysis of distributed computing infrastructure in various geographies; and experimentation platform, an offline/online platform to enhance the capabilities and effectiveness of prediction models.
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