$261.41 Million in Sales Expected for Criteo SA (CRTO) This Quarter
Wall Street analysts expect Criteo SA (NASDAQ:CRTO) to post $261.41 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Criteo’s earnings. The highest sales estimate is $263.10 million and the lowest is $258.36 million. Criteo reported sales of $224.95 million during the same quarter last year, which indicates a positive year over year growth rate of 16.2%. The company is scheduled to announce its next quarterly earnings results on Wednesday, February 28th.
On average, analysts expect that Criteo will report full year sales of $261.41 million for the current financial year, with estimates ranging from $922.55 million to $964.00 million. For the next fiscal year, analysts forecast that the company will post sales of $928.89 million per share, with estimates ranging from $875.43 million to $1.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Criteo.
Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of Criteo from a “strong sell” rating to a “sell” rating in a research report on Friday. Cowen restated a “market perform” rating and issued a $25.00 price target (down from $40.00) on shares of Criteo in a research note on Tuesday. BMO Capital Markets restated a “buy” rating and issued a $30.00 price target on shares of Criteo in a research note on Monday, December 18th. Jefferies Group restated a “hold” rating and issued a $28.00 price target on shares of Criteo in a research note on Friday, December 15th. Finally, Macquarie upgraded shares of Criteo from a “neutral” rating to an “outperform” rating and set a $30.00 price target on the stock in a research note on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $43.44.
A number of institutional investors have recently made changes to their positions in CRTO. FMR LLC boosted its stake in shares of Criteo by 1.2% in the 2nd quarter. FMR LLC now owns 6,475,439 shares of the information services provider’s stock valued at $317,620,000 after purchasing an additional 76,439 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Criteo by 7.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 3,468,771 shares of the information services provider’s stock valued at $143,954,000 after purchasing an additional 253,120 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Criteo by 11.0% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,353,960 shares of the information services provider’s stock valued at $97,689,000 after purchasing an additional 233,940 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in shares of Criteo by 11.0% in the 3rd quarter. Epoch Investment Partners Inc. now owns 2,150,458 shares of the information services provider’s stock valued at $89,244,000 after purchasing an additional 213,124 shares in the last quarter. Finally, Comgest Global Investors S.A.S. boosted its stake in shares of Criteo by 1.2% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 1,953,430 shares of the information services provider’s stock valued at $81,067,000 after purchasing an additional 22,738 shares in the last quarter. Hedge funds and other institutional investors own 87.66% of the company’s stock.
Shares of Criteo (NASDAQ:CRTO) traded up $0.19 on Wednesday, hitting $25.36. 893,759 shares of the stock traded hands, compared to its average volume of 1,720,000. The company has a market capitalization of $1,690.00, a price-to-earnings ratio of 21.86, a PEG ratio of 0.76 and a beta of 2.49. Criteo has a 52 week low of $22.00 and a 52 week high of $56.00.
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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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