Criteo S.A. (CRTO) Expected to Announce Quarterly Sales of $262.00 Million

Equities research analysts forecast that Criteo S.A. (NASDAQ:CRTO) will announce sales of $262.00 million for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Criteo’s earnings. The lowest sales estimate is $260.40 million and the highest is $263.10 million. Criteo posted sales of $224.95 million during the same quarter last year, which suggests a positive year over year growth rate of 16.5%. The firm is expected to announce its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that Criteo will report full-year sales of $262.00 million for the current financial year, with estimates ranging from $924.60 million to $964.00 million. For the next financial year, analysts expect that the business will post sales of $1.03 billion per share, with estimates ranging from $1.01 billion to $1.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Criteo.

A number of analysts have weighed in on the company. Cowen and Company reiterated a “buy” rating and set a $60.00 price target on shares of Criteo in a report on Friday, July 28th. KeyCorp initiated coverage on Criteo in a research note on Monday, July 31st. They issued an “overweight” rating and a $62.00 target price for the company. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 target price on shares of Criteo in a research note on Monday, July 31st. BMO Capital Markets initiated coverage on Criteo in a research note on Tuesday, August 1st. They issued an “outperform” rating and a $70.00 target price for the company. Finally, Stifel Nicolaus set a $50.00 target price on Criteo and gave the company a “hold” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $54.32.

Shares of Criteo (NASDAQ:CRTO) traded up $0.23 during trading hours on Tuesday, reaching $35.45. The company had a trading volume of 514,800 shares, compared to its average volume of 773,950. The company has a market cap of $2,144.99, a price-to-earnings ratio of 23.33, a P/E/G ratio of 1.07 and a beta of 2.64. Criteo has a twelve month low of $34.76 and a twelve month high of $56.00.

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In related news, insider Jean-Baptiste Rudelle sold 46,467 shares of Criteo stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $47.91, for a total value of $2,226,233.97. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James Warner sold 1,250 shares of Criteo stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $42.21, for a total transaction of $52,762.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 203,825 shares of company stock worth $9,308,603. Insiders own 5.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Majedie Asset Management Ltd grew its position in shares of Criteo by 0.4% during the 2nd quarter. Majedie Asset Management Ltd now owns 121,652 shares of the information services provider’s stock valued at $5,967,000 after purchasing an additional 489 shares in the last quarter. Tdam USA Inc. grew its position in shares of Criteo by 3.0% during the 2nd quarter. Tdam USA Inc. now owns 18,981 shares of the information services provider’s stock valued at $931,000 after purchasing an additional 545 shares in the last quarter. State Street Corp grew its position in shares of Criteo by 3.2% during the 2nd quarter. State Street Corp now owns 26,727 shares of the information services provider’s stock valued at $1,311,000 after purchasing an additional 820 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Criteo by 6.4% during the 2nd quarter. Private Advisor Group LLC now owns 14,080 shares of the information services provider’s stock valued at $703,000 after purchasing an additional 850 shares in the last quarter. Finally, Pictet & Cie Europe SA grew its position in shares of Criteo by 23.5% during the 2nd quarter. Pictet & Cie Europe SA now owns 5,460 shares of the information services provider’s stock valued at $268,000 after purchasing an additional 1,040 shares in the last quarter. 84.94% of the stock is currently owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for Criteo (NASDAQ:CRTO)

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