$222.11 Million in Sales Expected for Criteo S.A. (NASDAQ:CRTO) This Quarter

Analysts expect Criteo S.A. (NASDAQ:CRTOGet Rating) to report sales of $222.11 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Criteo’s earnings, with the highest sales estimate coming in at $222.44 million and the lowest estimate coming in at $221.89 million. Criteo reported sales of $220.23 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.9%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Criteo will report full year sales of $980.00 million for the current fiscal year, with estimates ranging from $969.67 million to $1.00 billion. For the next financial year, analysts expect that the company will post sales of $1.09 billion, with estimates ranging from $1.04 billion to $1.14 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Criteo.

Criteo (NASDAQ:CRTOGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The information services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.09. The company had revenue of $217.00 million during the quarter, compared to analyst estimates of $217.80 million. Criteo had a net margin of 5.97% and a return on equity of 14.46%. Criteo’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.58 EPS.

A number of analysts have weighed in on CRTO shares. Morgan Stanley reduced their price objective on shares of Criteo from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 29th. Benchmark assumed coverage on shares of Criteo in a research note on Tuesday, March 1st. They set a “buy” rating and a $45.00 price objective for the company. StockNews.com assumed coverage on shares of Criteo in a research note on Thursday, March 31st. They issued a “buy” rating for the company. TheStreet lowered shares of Criteo from a “b” rating to a “c+” rating in a research note on Wednesday, April 27th. Finally, Zacks Investment Research upgraded shares of Criteo from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $45.50.

In related news, CEO Megan Clarken sold 2,339 shares of the firm’s stock in a transaction that occurred on Friday, March 11th. The shares were sold at an average price of $26.37, for a total value of $61,679.43. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders sold 2,654 shares of company stock worth $71,358. 1.39% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors boosted its holdings in shares of Criteo by 17.2% in the third quarter. Captrust Financial Advisors now owns 2,295 shares of the information services provider’s stock worth $84,000 after buying an additional 337 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Criteo by 38.5% in the third quarter. First Horizon Advisors Inc. now owns 1,296 shares of the information services provider’s stock worth $51,000 after buying an additional 360 shares during the last quarter. First Mercantile Trust Co. lifted its holdings in Criteo by 8.9% during the third quarter. First Mercantile Trust Co. now owns 4,458 shares of the information services provider’s stock valued at $163,000 after purchasing an additional 363 shares in the last quarter. Navellier & Associates Inc. lifted its holdings in Criteo by 5.5% during the fourth quarter. Navellier & Associates Inc. now owns 13,093 shares of the information services provider’s stock valued at $509,000 after purchasing an additional 686 shares in the last quarter. Finally, Brinker Capital Investments LLC lifted its holdings in Criteo by 10.1% during the fourth quarter. Brinker Capital Investments LLC now owns 9,583 shares of the information services provider’s stock valued at $372,000 after purchasing an additional 881 shares in the last quarter. 93.28% of the stock is currently owned by institutional investors.

NASDAQ:CRTO opened at $25.02 on Wednesday. The firm has a market cap of $1.52 billion, a P/E ratio of 12.09 and a beta of 0.95. Criteo has a fifty-two week low of $23.72 and a fifty-two week high of $46.65. The firm has a 50-day simple moving average of $26.56 and a two-hundred day simple moving average of $33.13.

About Criteo (Get Rating)

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, and Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.

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