Equities research analysts forecast that Criteo SA (NASDAQ:CRTO) will announce sales of $232.69 million for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Criteo’s earnings, with the highest sales estimate coming in at $234.91 million and the lowest estimate coming in at $230.17 million. Criteo posted sales of $209.97 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.8%. The company is expected to announce its next earnings report on Wednesday, May 2nd.
On average, analysts expect that Criteo will report full-year sales of $232.69 million for the current fiscal year, with estimates ranging from $995.41 million to $1.05 billion. For the next year, analysts expect that the business will report sales of $1.15 billion per share, with estimates ranging from $1.10 billion to $1.18 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Criteo.
Criteo (NASDAQ:CRTO) last posted its quarterly earnings data on Wednesday, February 14th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.47. The firm had revenue of $277.00 million for the quarter, compared to the consensus estimate of $262.02 million. Criteo had a return on equity of 15.34% and a net margin of 3.97%. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS.
Shares of CRTO traded up $0.06 during trading hours on Friday, reaching $26.70. The company’s stock had a trading volume of 473,972 shares, compared to its average volume of 875,272. The company has a market capitalization of $1,762.02, a price-to-earnings ratio of 16.38, a P/E/G ratio of 0.87 and a beta of 1.89. Criteo has a 1-year low of $21.00 and a 1-year high of $56.00.
In related news, insider Jean-Baptiste Rudelle sold 1,261 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $24.78, for a total value of $31,247.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric Eichmann sold 7,153 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $24.87, for a total value of $177,895.11. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH boosted its position in Criteo by 7.9% during the third quarter. Allianz Asset Management GmbH now owns 3,468,771 shares of the information services provider’s stock worth $143,954,000 after purchasing an additional 253,120 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its position in Criteo by 2.2% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,405,330 shares of the information services provider’s stock worth $62,610,000 after purchasing an additional 51,370 shares during the period. Epoch Investment Partners Inc. boosted its position in Criteo by 11.0% during the third quarter. Epoch Investment Partners Inc. now owns 2,150,458 shares of the information services provider’s stock worth $89,244,000 after purchasing an additional 213,124 shares during the period. International Value Advisers LLC bought a new stake in Criteo during the fourth quarter worth approximately $43,764,000. Finally, Deutsche Bank AG boosted its position in Criteo by 100.8% during the fourth quarter. Deutsche Bank AG now owns 1,421,163 shares of the information services provider’s stock worth $36,992,000 after purchasing an additional 713,257 shares during the period. 72.77% of the stock is owned by institutional investors and hedge funds.
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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