Brokerages forecast that Criteo (NASDAQ:CRTO) will report $232.69 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Criteo’s earnings, with the highest sales estimate coming in at $234.91 million and the lowest estimate coming in at $230.17 million. Criteo reported sales of $209.97 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.8%. The business is expected to issue its next quarterly earnings report before the market opens on Wednesday, May 2nd.
According to Zacks, analysts expect that Criteo will report full-year sales of $1.02 billion for the current year, with estimates ranging from $995.41 million to $1.05 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.15 billion per share, with estimates ranging from $1.10 billion to $1.18 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Criteo.
Criteo (NASDAQ:CRTO) last issued its quarterly earnings data on Wednesday, February 14th. The information services provider reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.47. The business had revenue of $277.00 million for the quarter, compared to analyst estimates of $262.02 million. Criteo had a return on equity of 15.34% and a net margin of 3.97%. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS.
A number of brokerages have recently commented on CRTO. BidaskClub raised Criteo from a “sell” rating to a “hold” rating in a report on Friday, April 13th. BMO Capital Markets lowered Criteo from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $30.00 to $26.00 in a report on Tuesday, January 23rd. ValuEngine lowered Criteo from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $35.00 target price (up previously from $31.00) on shares of Criteo in a report on Wednesday, February 21st. Finally, Citigroup raised their target price on Criteo from $32.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $42.88.
Shares of NASDAQ CRTO traded up $0.56 during mid-day trading on Wednesday, reaching $28.11. 341,284 shares of the company traded hands, compared to its average volume of 815,784. The firm has a market cap of $1,818.11, a price-to-earnings ratio of 17.25, a P/E/G ratio of 0.90 and a beta of 1.89. Criteo has a fifty-two week low of $21.00 and a fifty-two week high of $56.00.
In other news, CEO Eric Eichmann sold 7,153 shares of Criteo stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $24.87, for a total transaction of $177,895.11. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jean-Baptiste Rudelle sold 1,261 shares of Criteo stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $24.78, for a total value of $31,247.58. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Criteo during the 4th quarter worth approximately $235,000. Invictus RG acquired a new stake in shares of Criteo during the 4th quarter worth approximately $362,000. Profund Advisors LLC grew its holdings in shares of Criteo by 35.9% during the 4th quarter. Profund Advisors LLC now owns 30,024 shares of the information services provider’s stock worth $782,000 after purchasing an additional 7,935 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Criteo during the 4th quarter worth approximately $918,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Criteo during the 3rd quarter worth approximately $1,133,000. 73.18% of the stock is currently owned by institutional investors.
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Criteo Company Profile
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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