Criteo (NASDAQ:CRTO) Posts Earnings Results, Beats Estimates By $0.07 EPS

Criteo (NASDAQ:CRTO) posted its quarterly earnings data on Wednesday. The information services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07, Morningstar.com reports. The company had revenue of $224.00 million for the quarter, compared to the consensus estimate of $222.59 million. Criteo had a net margin of 3.72% and a return on equity of 10.84%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. Criteo updated its FY 2019 guidance to EPS and its Q3 2019 guidance to EPS.

Shares of NASDAQ:CRTO opened at $19.95 on Friday. Criteo has a 1-year low of $16.46 and a 1-year high of $30.85. The stock has a market capitalization of $1.25 billion, a P/E ratio of 11.29, a P/E/G ratio of 2.28 and a beta of 0.89. The firm’s 50 day moving average price is $18.12.

In other Criteo news, COO Mary Spilman sold 1,567 shares of Criteo stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $17.05, for a total transaction of $26,717.35. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 2,447 shares of company stock worth $42,570 in the last ninety days. Insiders own 4.01% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. DNB Asset Management AS raised its position in shares of Criteo by 800.2% during the second quarter. DNB Asset Management AS now owns 2,042,979 shares of the information services provider’s stock valued at $35,119,000 after buying an additional 1,816,025 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Criteo by 75.0% during the first quarter. Acadian Asset Management LLC now owns 1,928,309 shares of the information services provider’s stock valued at $38,629,000 after buying an additional 826,240 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of Criteo by 55.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,137,060 shares of the information services provider’s stock valued at $22,775,000 after buying an additional 405,600 shares during the last quarter. FMR LLC raised its position in shares of Criteo by 89.7% during the first quarter. FMR LLC now owns 823,009 shares of the information services provider’s stock valued at $16,485,000 after buying an additional 389,100 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Criteo by 7.9% during the second quarter. Janus Henderson Group PLC now owns 822,543 shares of the information services provider’s stock valued at $14,135,000 after buying an additional 60,463 shares during the last quarter. Hedge funds and other institutional investors own 83.34% of the company’s stock.

A number of equities analysts recently issued reports on CRTO shares. SunTrust Banks raised shares of Criteo from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. BMO Capital Markets lowered their price target on shares of Criteo from $26.00 to $21.00 and set a “market perform” rating on the stock in a report on Wednesday, May 1st. They noted that the move was a valuation call. ValuEngine raised shares of Criteo from a “strong sell” rating to a “sell” rating in a report on Friday, April 26th. BidaskClub raised shares of Criteo from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Rosenblatt Securities reaffirmed a “hold” rating and set a $23.00 price target on shares of Criteo in a report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.96.

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.

Further Reading: Cost of equity and a company’s balance sheet

Earnings History for Criteo (NASDAQ:CRTO)

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