Zacks: Analysts Anticipate Criteo SA (CRTO) Will Post Quarterly Sales of $261.41 Million

Wall Street brokerages expect that Criteo SA (NASDAQ:CRTO) will post $261.41 million in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Criteo’s earnings, with the lowest sales estimate coming in at $258.36 million and the highest estimate coming in at $263.10 million. Criteo posted sales of $224.95 million in the same quarter last year, which would indicate a positive year over year growth rate of 16.2%. The business is scheduled to report its next quarterly earnings report before the market opens on Wednesday, February 14th.

According to Zacks, analysts expect that Criteo will report full year sales of $261.41 million for the current year, with estimates ranging from $922.55 million to $927.30 million. For the next year, analysts expect that the firm will post sales of $913.11 million per share, with estimates ranging from $875.43 million to $958.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Criteo.

A number of analysts have recently weighed in on CRTO shares. Jefferies Group lowered shares of Criteo from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Zacks Investment Research lowered shares of Criteo from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th. Macquarie started coverage on shares of Criteo in a research note on Thursday, October 12th. They issued a “neutral” rating and a $51.00 price target for the company. BMO Capital Markets reaffirmed a “buy” rating on shares of Criteo in a research note on Thursday, November 2nd. Finally, Citigroup lowered shares of Criteo from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a research note on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $43.19.

In related news, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $31,247.58. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRTO. Nationwide Fund Advisors raised its holdings in shares of Criteo by 73.1% during the second quarter. Nationwide Fund Advisors now owns 61,804 shares of the information services provider’s stock valued at $3,031,000 after acquiring an additional 26,102 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Criteo by 48.2% during the second quarter. New York State Common Retirement Fund now owns 46,275 shares of the information services provider’s stock valued at $2,270,000 after acquiring an additional 15,049 shares during the period. California Public Employees Retirement System raised its holdings in shares of Criteo by 2.3% during the second quarter. California Public Employees Retirement System now owns 63,400 shares of the information services provider’s stock valued at $3,110,000 after acquiring an additional 1,400 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of Criteo by 10.0% during the second quarter. Parametric Portfolio Associates LLC now owns 81,436 shares of the information services provider’s stock valued at $3,994,000 after acquiring an additional 7,428 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of Criteo by 8.3% during the second quarter. Stifel Financial Corp now owns 18,279 shares of the information services provider’s stock valued at $895,000 after acquiring an additional 1,396 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Criteo (NASDAQ CRTO) opened at $22.54 on Friday. The stock has a market cap of $1,459.77, a PE ratio of 14.65, a price-to-earnings-growth ratio of 1.08 and a beta of 2.25. Criteo has a one year low of $21.00 and a one year high of $56.00.

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Criteo Company Profile

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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