Criteo SA (NASDAQ:CRTO) – Research analysts at Jefferies Group reduced their Q4 2017 earnings estimates for Criteo SA in a research note issued to investors on Monday. Jefferies Group analyst B. Fitzgerald now forecasts that the information services provider will earn $0.85 per share for the quarter, down from their previous forecast of $0.91.
Criteo SA (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, August 2nd. The information services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. Criteo SA had a net margin of 1.38% and a return on equity of 3.45%. The firm had revenue of $220.00 million during the quarter, compared to the consensus estimate of $212.55 million. During the same period last year, the firm posted $0.33 EPS. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. TRADEMARK VIOLATION WARNING: “Jefferies Group Analysts Cut Earnings Estimates for Criteo SA (CRTO)” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/27/jefferies-group-analysts-cut-earnings-estimates-for-criteo-sa-crto.html.
Other equities research analysts also recently issued reports about the stock. KeyCorp reiterated a “buy” rating and set a $62.00 price objective on shares of Criteo SA in a research note on Friday, September 15th. BMO Capital Markets reiterated a “buy” rating and set a $70.00 price objective on shares of Criteo SA in a research note on Wednesday, September 13th. Royal Bank Of Canada reiterated a “buy” rating and set a $60.00 price objective on shares of Criteo SA in a research note on Monday, July 31st. Cowen and Company reiterated a “buy” rating and set a $60.00 price objective on shares of Criteo SA in a research note on Friday, July 28th. Finally, Deutsche Bank AG increased their price objective on shares of Criteo SA from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Criteo SA presently has a consensus rating of “Hold” and an average price target of $55.70.
Shares of Criteo SA (CRTO) traded up 1.63% during trading on Wednesday, reaching $46.84. 178,162 shares of the company traded hands. Criteo SA has a 12 month low of $33.02 and a 12 month high of $56.00.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Perigon Wealth Management LLC bought a new position in Criteo SA in the 2nd quarter valued at approximately $137,000. Fifth Third Bancorp bought a new position in Criteo SA in the 1st quarter valued at approximately $176,000. Oppenheimer Asset Management Inc. bought a new position in Criteo SA in the 1st quarter valued at approximately $230,000. Envestnet Asset Management Inc. raised its holdings in Criteo SA by 88.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,689 shares of the information services provider’s stock valued at $233,000 after buying an additional 2,203 shares during the last quarter. Finally, Pictet & Cie Europe SA raised its holdings in Criteo SA by 23.5% in the 2nd quarter. Pictet & Cie Europe SA now owns 5,460 shares of the information services provider’s stock valued at $268,000 after buying an additional 1,040 shares during the last quarter. Institutional investors and hedge funds own 83.73% of the company’s stock.
In related news, Director James Warner sold 1,250 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $42.21, for a total value of $52,762.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric Eichmann sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $49.04, for a total transaction of $980,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 356,500 shares of company stock valued at $17,567,972. 5.60% of the stock is owned by company insiders.
Criteo SA 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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