Criteo (CRTO) to Release Earnings on Thursday

Criteo (NASDAQ:CRTO) is scheduled to be releasing its earnings data before the market opens on Thursday, August 1st. Analysts expect Criteo to post earnings of $0.78 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Criteo (NASDAQ:CRTO) last announced its earnings results on Thursday, May 2nd. The information services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.14. The business had revenue of $253.89 million for the quarter, compared to analysts’ expectations of $246.10 million. Criteo had a return on equity of 12.33% and a net margin of 2.96%. On average, analysts expect Criteo to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Criteo Price Performance

NASDAQ CRTO traded down $0.17 during midday trading on Tuesday, hitting $43.91. 17,347 shares of the company traded hands, compared to its average volume of 332,722. The company has a market cap of $2.49 billion, a PE ratio of 45.44 and a beta of 0.99. The company’s 50-day simple moving average is $38.99 and its 200-day simple moving average is $34.97. Criteo has a 52 week low of $22.10 and a 52 week high of $46.33.

Insiders Place Their Bets

In other Criteo news, CEO Megan Clarken sold 3,894 shares of Criteo stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $38.99, for a total transaction of $151,827.06. Following the completion of the transaction, the chief executive officer now owns 533,202 shares in the company, valued at approximately $20,789,545.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Criteo news, CEO Megan Clarken sold 3,894 shares of Criteo stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $38.99, for a total transaction of $151,827.06. Following the completion of the transaction, the chief executive officer now owns 533,202 shares in the company, valued at approximately $20,789,545.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sarah Js Glickman sold 5,496 shares of Criteo stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $45.49, for a total value of $250,013.04. Following the transaction, the chief financial officer now owns 320,201 shares of the company’s stock, valued at approximately $14,565,943.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,664 shares of company stock valued at $1,616,411. 1.71% of the stock is owned by company insiders.

Analysts Set New Price Targets

CRTO has been the subject of a number of recent analyst reports. DA Davidson raised their price objective on Criteo from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. BMO Capital Markets raised Criteo from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $31.00 to $45.00 in a research report on Friday, May 24th. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of Criteo in a research report on Tuesday, April 30th. Susquehanna raised their price objective on Criteo from $33.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Finally, KeyCorp cut Criteo from an “overweight” rating to a “sector weight” rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.33.

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.