Criteo (NASDAQ:CRTO) posted its quarterly earnings data on Wednesday. The information services provider reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.06, Briefing.com reports. The company had revenue of $223.00 million during the quarter, compared to analyst estimates of $222.00 million. Criteo had a net margin of 4.55% and a return on equity of 14.05%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share. Criteo updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.
Shares of CRTO traded down $0.32 during mid-day trading on Thursday, hitting $22.20. 1,025,819 shares of the company traded hands, compared to its average volume of 892,448. Criteo has a one year low of $19.85 and a one year high of $38.56. The stock has a market capitalization of $1.37 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 2.81 and a beta of 1.65.
Several analysts have recently weighed in on the stock. KeyCorp dropped their price objective on shares of Criteo from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday. BMO Capital Markets dropped their price objective on shares of Criteo from $25.00 to $24.00 and set a “market perform” rating for the company in a report on Thursday. Citigroup dropped their price objective on shares of Criteo from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday. Nomura decreased their price target on shares of Criteo from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, BidaskClub cut shares of Criteo from a “hold” rating to a “sell” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $33.88.
Criteo Company Profile
Criteo SA, a technology company, engages in digital performance marketing in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo Engine solutions include recommendation algorithms that create tailored advertisements to specific customer interest by determining the specific products and services to include in the advertisement; predictive bidding algorithms that predict the probability and nature of a user's engagement with a given advertisement; and bidding engine for executing campaigns based on objectives set by the clients.
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