Criteo (CRTO) Set to Announce Quarterly Earnings on Wednesday

Criteo (NASDAQ:CRTO) is set to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.84 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Criteo (NASDAQ:CRTO) last released its earnings results on Thursday, August 1st. The information services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $0.77 by $0.31. Criteo had a return on equity of 15.64% and a net margin of 4.54%. The firm had revenue of $471.31 million for the quarter, compared to analysts’ expectations of $263.64 million. During the same quarter in the previous year, the business posted $0.12 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts expect Criteo to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Criteo Stock Up 0.8 %

NASDAQ CRTO opened at $41.31 on Monday. The firm’s 50 day moving average is $43.20 and its 200-day moving average is $40.66. The company has a market capitalization of $2.34 billion, a PE ratio of 42.59 and a beta of 0.99. Criteo has a 12-month low of $22.10 and a 12-month high of $49.93.

Insider Activity at Criteo

In other news, CFO Sarah Js Glickman sold 5,442 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $40.60, for a total value of $220,945.20. Following the transaction, the chief financial officer now owns 313,398 shares of the company’s stock, valued at approximately $12,723,958.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.71% of the stock is owned by company insiders.

Analysts Set New Price Targets

CRTO has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of Criteo from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Macquarie increased their price target on Criteo from $45.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. DA Davidson raised Criteo from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $43.00 to $58.00 in a research report on Tuesday, August 6th. BMO Capital Markets increased their price objective on Criteo from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, StockNews.com downgraded shares of Criteo from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Criteo currently has a consensus rating of “Moderate Buy” and an average target price of $50.11.

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, 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.