Criteo (CRTO) to Release Quarterly Earnings on Thursday

Criteo (NASDAQ:CRTO) will announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, February 7th. The information services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.30. The company had revenue of $316.38 million for the quarter, compared to analysts’ expectations of $300.35 million. Criteo had a return on equity of 10.42% and a net margin of 2.73%. On average, analysts expect Criteo to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Criteo Stock Performance

CRTO stock opened at $36.29 on Tuesday. Criteo has a one year low of $22.10 and a one year high of $37.38. The company’s 50 day moving average price is $34.43 and its two-hundred day moving average price is $28.93. The company has a market capitalization of $2.04 billion, a PE ratio of 40.78 and a beta of 0.95.

Analyst Upgrades and Downgrades

CRTO has been the topic of several analyst reports. StockNews.com upgraded Criteo from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 8th. DA Davidson boosted their price objective on Criteo from $27.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Wells Fargo & Company upgraded shares of Criteo from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $28.00 to $41.00 in a report on Thursday, February 8th. BMO Capital Markets increased their price target on shares of Criteo from $28.00 to $31.00 and gave the company a “market perform” rating in a research report on Thursday, February 8th. Finally, Susquehanna increased their target price on shares of Criteo from $26.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.11.

Insider Transactions at Criteo

In related news, CFO Sarah Js Glickman sold 9,653 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $32.69, for a total value of $315,556.57. Following the sale, the chief financial officer now directly owns 293,019 shares of the company’s stock, valued at $9,578,791.11. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Megan Clarken sold 23,331 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $33.04, for a total value of $770,856.24. Following the sale, the chief executive officer now owns 383,858 shares in the company, valued at approximately $12,682,668.32. 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 9,653 shares of Criteo stock in a transaction on Monday, February 26th. The shares were sold at an average price of $32.69, for a total value of $315,556.57. Following the transaction, the chief financial officer now owns 293,019 shares of the company’s stock, valued at approximately $9,578,791.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,607 shares of company stock valued at $2,932,315. Corporate insiders own 1.10% 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, 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.