Criteo S.A. (NASDAQ:CRTO) Expected to Post Earnings of $0.47 Per Share

Wall Street brokerages forecast that Criteo S.A. (NASDAQ:CRTO) will announce $0.47 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for Criteo’s earnings, with estimates ranging from $0.41 to $0.53. Criteo posted earnings of $0.27 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 74.1%. The firm is scheduled to announce its next earnings report before the market opens on Wednesday, August 4th.

On average, analysts expect that Criteo will report full year earnings of $2.23 per share for the current financial year, with EPS estimates ranging from $2.04 to $2.44. For the next financial year, analysts expect that the business will report earnings of $2.26 per share, with EPS estimates ranging from $1.97 to $2.74. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Criteo.

Criteo (NASDAQ:CRTO) last released its quarterly earnings data on Wednesday, May 5th. The information services provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.16. The firm had revenue of $213.00 million for the quarter, compared to analysts’ expectations of $201.42 million. Criteo had a return on equity of 10.73% and a net margin of 3.73%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 earnings per share.

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus raised shares of Criteo from a “hold” rating to a “buy” rating and increased their price objective for the stock from $40.00 to $47.00 in a research report on Thursday, June 3rd. Morgan Stanley lifted their price objective on Criteo from $16.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 30th. Truist boosted their price target on shares of Criteo from $37.00 to $45.00 in a research note on Monday, May 3rd. Rosenblatt Securities boosted their price target on shares of Criteo from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, May 6th. Finally, Zacks Investment Research upgraded shares of Criteo from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Wednesday, July 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $36.04.

Shares of Criteo stock traded down $0.70 during trading hours on Thursday, hitting $40.70. The company’s stock had a trading volume of 12,408 shares, compared to its average volume of 506,993. The company has a market cap of $2.47 billion, a PE ratio of 32.73 and a beta of 1.11. Criteo has a twelve month low of $11.49 and a twelve month high of $46.65. The company’s fifty day simple moving average is $40.51.

In related news, EVP Ryan Damon sold 53,405 shares of the firm’s stock in a transaction dated Friday, May 7th. The stock was sold at an average price of $38.38, for a total transaction of $2,049,683.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.39% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Allianz Asset Management GmbH boosted its position in shares of Criteo by 7.5% during the 1st quarter. Allianz Asset Management GmbH now owns 4,617,860 shares of the information services provider’s stock worth $160,378,000 after purchasing an additional 320,920 shares in the last quarter. Morgan Stanley raised its holdings in Criteo by 2.6% during the fourth quarter. Morgan Stanley now owns 4,362,506 shares of the information services provider’s stock worth $89,475,000 after purchasing an additional 109,907 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Criteo during the first quarter worth $36,126,000. Tenzing Global Management LLC grew its holdings in Criteo by 42.9% in the fourth quarter. Tenzing Global Management LLC now owns 1,000,000 shares of the information services provider’s stock valued at $20,510,000 after purchasing an additional 300,000 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Criteo in the first quarter valued at $29,444,000. Institutional investors own 81.47% of the company’s stock.

About Criteo

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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