Equities analysts expect Criteo SA (NASDAQ:CRTO) to report $261.41 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Criteo’s earnings, with the lowest sales estimate coming in at $258.36 million and the highest estimate coming in at $263.10 million. Criteo reported sales of $224.95 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.2%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 28th.
On average, analysts expect that Criteo will report full year sales of $261.41 million for the current financial year, with estimates ranging from $922.55 million to $964.00 million. For the next year, analysts expect that the business will report sales of $928.89 million per share, with estimates ranging from $875.43 million to $1.06 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Criteo.
A number of research firms recently weighed in on CRTO. Jefferies Group restated a “hold” rating and issued a $28.00 target price on shares of Criteo in a research report on Friday, December 15th. SunTrust Banks set a $35.00 target price on Criteo and gave the stock a “buy” rating in a research report on Thursday, December 14th. Cowen restated a “market perform” rating and issued a $25.00 target price (down previously from $40.00) on shares of Criteo in a research report on Tuesday. BMO Capital Markets restated a “buy” rating and issued a $30.00 target price on shares of Criteo in a research report on Monday. Finally, TheStreet downgraded Criteo from a “b-” rating to a “c+” rating in a research report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.44.
In other news, CFO Benoit Fouilland sold 6,250 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $46.02, for a total transaction of $287,625.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CRO Mary Spilman sold 5,000 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $37.88, for a total value of $189,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,575 shares of company stock worth $2,070,376. Corporate insiders own 5.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CRTO. BT Investment Management Ltd bought a new position in Criteo in the second quarter valued at about $50,555,000. Epoch Investment Partners Inc. lifted its holdings in Criteo by 81.3% in the second quarter. Epoch Investment Partners Inc. now owns 1,937,334 shares of the information services provider’s stock valued at $95,027,000 after acquiring an additional 868,634 shares during the period. Russell Investments Group Ltd. lifted its holdings in Criteo by 752.7% in the third quarter. Russell Investments Group Ltd. now owns 883,940 shares of the information services provider’s stock valued at $36,683,000 after acquiring an additional 780,278 shares during the period. Nordea Investment Management AB lifted its holdings in Criteo by 134.3% in the second quarter. Nordea Investment Management AB now owns 621,090 shares of the information services provider’s stock valued at $30,464,000 after acquiring an additional 355,990 shares during the period. Finally, Letko Brosseau & Associates Inc. bought a new position in Criteo in the second quarter valued at about $17,235,000. 87.66% of the stock is currently owned by institutional investors.
Shares of Criteo (NASDAQ CRTO) opened at $23.06 on Wednesday. The firm has a market capitalization of $1,369.70, a P/E ratio of 14.89, a P/E/G ratio of 0.68 and a beta of 2.50. Criteo has a 12-month low of $22.00 and a 12-month high of $56.00.
ILLEGAL ACTIVITY NOTICE: This news story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/01/11/261-41-million-in-sales-expected-for-criteo-sa-crto-this-quarter.html.
Criteo 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.
Get a free copy of the Zacks research report on Criteo (CRTO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Criteo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Criteo and related companies with MarketBeat.com's FREE daily email newsletter.