Wall Street brokerages forecast that Criteo SA (NASDAQ:CRTO) will post earnings per share of $0.47 for the current quarter, Zacks reports. Seven analysts have issued estimates for Criteo’s earnings, with estimates ranging from $0.42 to $0.51. Criteo posted earnings of $0.65 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 27.7%. The firm is expected to report its next quarterly earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Criteo will report full year earnings of $2.36 per share for the current fiscal year, with EPS estimates ranging from $2.24 to $2.65. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.44 per share, with EPS estimates ranging from $1.70 to $2.99. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Criteo.

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

A number of research firms recently commented on CRTO. Zacks Investment Research cut Criteo from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Pivotal Research began coverage on Criteo in a report on Monday, July 9th. They set a “buy” rating and a $48.00 price target for the company. ValuEngine upgraded Criteo from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 10th. BidaskClub upgraded Criteo from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 28th. Finally, Nomura began coverage on Criteo in a report on Tuesday, July 10th. They set a “neutral” rating and a $34.00 price target for the company. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.00.

Criteo stock traded up $0.69 during midday trading on Friday, reaching $23.10. 894,278 shares of the company’s stock were exchanged, compared to its average volume of 930,026. Criteo has a 52 week low of $21.00 and a 52 week high of $47.57. The stock has a market capitalization of $1.52 billion, a P/E ratio of 14.17 and a beta of 1.65.

In other news, COO Mary Spilman sold 3,815 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $33.74, for a total transaction of $128,718.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.32% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Mount Yale Investment Advisors LLC bought a new stake in shares of Criteo in the first quarter valued at approximately $176,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Criteo in the second quarter valued at approximately $249,000. TD Asset Management Inc. bought a new stake in shares of Criteo in the second quarter valued at approximately $249,000. Sei Investments Co. bought a new stake in shares of Criteo in the second quarter valued at approximately $366,000. Finally, BlackRock Inc. boosted its stake in shares of Criteo by 100.2% in the second quarter. BlackRock Inc. now owns 14,268 shares of the information services provider’s stock valued at $469,000 after buying an additional 7,141 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.

About Criteo

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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