TechTarget (TTGT) Set to Announce Quarterly Earnings on Tuesday

TechTarget (NASDAQ:TTGT) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

TechTarget (NASDAQ:TTGT) last released its earnings results on Thursday, August 8th. The information services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $58.91 million during the quarter, compared to analysts’ expectations of $58.08 million. TechTarget had a positive return on equity of 5.92% and a negative net margin of 3.84%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. On average, analysts expect TechTarget to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TechTarget Stock Up 0.3 %

NASDAQ:TTGT opened at $29.67 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 9.35 and a quick ratio of 9.35. The firm’s 50-day moving average price is $26.15 and its 200-day moving average price is $28.54. The company has a market capitalization of $867.40 million, a PE ratio of -98.90, a P/E/G ratio of 33.70 and a beta of 1.03. TechTarget has a 1-year low of $22.82 and a 1-year high of $41.93.

Analysts Set New Price Targets

TTGT has been the subject of a number of recent analyst reports. Raymond James dropped their price objective on TechTarget from $39.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Needham & Company LLC decreased their price target on shares of TechTarget from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, September 16th. KeyCorp dropped their price objective on TechTarget from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Finally, Craig Hallum raised TechTarget from a “hold” rating to a “buy” rating and lifted their target price for the company from $34.00 to $36.00 in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.67.

TechTarget Company Profile

TechTarget, Inc, together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. The company's service enables technology vendors to identify, reach, and influence corporate information technology (IT) decision-makers actively researching specific IT purchases; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.