Analysts expect Criteo SA (NASDAQ:CRTO) to post $221.55 million in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for Criteo’s earnings. The highest sales estimate is $222.60 million and the lowest is $219.91 million. Criteo reported sales of $234.40 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.5%. The firm is expected to issue its next earnings results on Wednesday, November 7th.

On average, analysts expect that Criteo will report full year sales of $959.52 million for the current financial year, with estimates ranging from $953.91 million to $961.51 million. For the next financial year, analysts forecast that the company will report sales of $1.03 billion per share, with estimates ranging from $1.01 billion to $1.12 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Criteo.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, August 1st. The information services provider reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.14. Criteo had a net margin of 4.55% and a return on equity of 14.05%. The firm had revenue of $230.00 million for the quarter, compared to analyst estimates of $229.33 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis.

A number of brokerages have weighed in on CRTO. Nomura began coverage on shares of Criteo in a research note on Tuesday, July 10th. They issued a “neutral” rating and a $34.00 price target on the stock. Morgan Stanley cut their price target on shares of Criteo from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 11th. Zacks Investment Research lowered shares of Criteo from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. ValuEngine raised shares of Criteo from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 10th. Finally, BidaskClub raised shares of Criteo from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 28th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $39.89.

In other news, COO Mary Spilman sold 3,815 shares of the business’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $33.74, for a total value of $128,718.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.32% of the company’s stock.

Several hedge funds have recently made changes to their positions in CRTO. US Bancorp DE lifted its position in shares of Criteo by 1,732.1% in the first quarter. US Bancorp DE now owns 42,339 shares of the information services provider’s stock worth $1,094,000 after purchasing an additional 40,028 shares in the last quarter. KBC Group NV raised its position in Criteo by 1.2% during the first quarter. KBC Group NV now owns 164,190 shares of the information services provider’s stock worth $4,243,000 after acquiring an additional 2,012 shares in the last quarter. JPMorgan Chase & Co. raised its position in Criteo by 969,312.5% during the first quarter. JPMorgan Chase & Co. now owns 77,553 shares of the information services provider’s stock worth $2,004,000 after acquiring an additional 77,545 shares in the last quarter. Fiera Capital Corp bought a new stake in Criteo during the first quarter worth $2,465,000. Finally, River & Mercantile Asset Management LLP raised its position in Criteo by 62.5% during the first quarter. River & Mercantile Asset Management LLP now owns 234,186 shares of the information services provider’s stock worth $6,053,000 after acquiring an additional 90,055 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.

CRTO traded down $0.74 during trading on Thursday, reaching $23.83. The company had a trading volume of 534,247 shares, compared to its average volume of 797,437. Criteo has a 12 month low of $21.00 and a 12 month high of $47.57. The firm has a market cap of $1.58 billion, a P/E ratio of 14.62 and a beta of 1.64.

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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