Criteo S.A. (CRTO) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Criteo S.A. (NASDAQ:CRTO) released its quarterly earnings results on Wednesday. The information services provider reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.11, Briefing.com reports. The firm had revenue of $234.40 million for the quarter, compared to analyst estimates of $230.12 million. Criteo had a net margin of 3.48% and a return on equity of 13.94%. The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 EPS.

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In other Criteo news, CRO Mary Spilman sold 20,000 shares of Criteo stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $49.50, for a total value of $990,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jean-Baptiste Rudelle sold 103,533 shares of Criteo stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $47.90, for a total transaction of $4,959,230.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 207,098 shares of company stock worth $9,926,560. 5.60% of the stock is owned by company insiders.

A hedge fund recently raised its stake in Criteo stock. State Street Corp raised its stake in Criteo S.A. (NASDAQ:CRTO) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,727 shares of the information services provider’s stock after purchasing an additional 820 shares during the quarter. State Street Corp’s holdings in Criteo were worth $1,311,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

Several analysts have recently commented on CRTO shares. BMO Capital Markets reaffirmed a “buy” rating and set a $70.00 price target on shares of Criteo in a research report on Wednesday, September 13th. Zacks Investment Research lowered shares of Criteo from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 price target on shares of Criteo in a research report on Monday, July 31st. Deutsche Bank AG reduced their price target on shares of Criteo to $58.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Macquarie started coverage on shares of Criteo in a research report on Thursday, October 12th. They set a “neutral” rating and a $51.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Criteo has a consensus rating of “Hold” and an average target price of $54.49.

About Criteo

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.

Earnings History for Criteo (NASDAQ:CRTO)

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