Criteo SA (NASDAQ:CRTO) Expected to Post Quarterly Sales of $222.31 Million

Wall Street brokerages expect Criteo SA (NASDAQ:CRTO) to post sales of $222.31 million for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Criteo’s earnings. The lowest sales estimate is $220.85 million and the highest is $224.48 million. Criteo posted sales of $222.95 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.3%. The firm is expected to announce its next quarterly earnings results on Wednesday, October 30th.

On average, analysts expect that Criteo will report full-year sales of $955.49 million for the current year, with estimates ranging from $951.20 million to $958.37 million. For the next fiscal year, analysts forecast that the firm will report sales of $1.00 billion, with estimates ranging from $961.35 million to $1.05 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Criteo.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, July 31st. The information services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. Criteo had a net margin of 3.72% and a return on equity of 10.84%. The company had revenue of $224.00 million during the quarter, compared to analyst estimates of $222.59 million. During the same period last year, the business earned $0.53 earnings per share. Criteo’s revenue was down 2.6% compared to the same quarter last year.

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

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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 2,447 shares of company stock worth $42,570 over the last three months. Insiders own 4.01% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. DNB Asset Management AS raised its stake 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 worth $35,119,000 after acquiring an additional 1,816,025 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Criteo by 75.0% in the first quarter. Acadian Asset Management LLC now owns 1,928,309 shares of the information services provider’s stock worth $38,629,000 after buying an additional 826,240 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in shares of 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 buying an additional 405,600 shares during the period. FMR LLC increased its stake in shares of 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 buying an additional 389,100 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Criteo by 7.9% in the second quarter. Janus Henderson Group PLC now owns 822,543 shares of the information services provider’s stock worth $14,135,000 after buying an additional 60,463 shares during the period. 83.34% of the stock is currently owned by hedge funds and other institutional investors.

Criteo stock traded up $0.10 during mid-day trading on Friday, hitting $19.95. 618,534 shares of the company traded hands, compared to its average volume of 371,456. Criteo has a one year low of $16.46 and a one year high of $30.85. The firm has a market capitalization of $1.31 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 2.39 and a beta of 0.89. The business’s fifty day moving average price is $18.12.

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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