TechTarget (TTGT) Set to Announce Quarterly Earnings on Tuesday

TechTarget (NASDAQ:TTGT - Get Free Report) is set to issue 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 that are interested in registering for the company's earnings conference call can do so using this link.

TechTarget (NASDAQ:TTGT - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The information services provider reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.01. The business had revenue of $58.91 million during the quarter, compared to the consensus estimate of $58.08 million. TechTarget had a positive return on equity of 5.92% and a negative net margin of 3.84%. TechTarget's quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. On average, analysts expect TechTarget to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TechTarget Trading Up 0.7 %

TTGT traded up $0.19 during midday trading on Tuesday, hitting $28.50. 89,884 shares of the company were exchanged, compared to its average volume of 128,162. The firm's 50 day moving average price is $25.95 and its 200-day moving average price is $28.48. TechTarget has a 1-year low of $22.82 and a 1-year high of $41.93. The firm has a market capitalization of $833.34 million, a P/E ratio of -95.27, a P/E/G ratio of 31.85 and a beta of 1.03. The company has a quick ratio of 9.35, a current ratio of 9.35 and a debt-to-equity ratio of 1.74.

Analyst Ratings Changes

Several brokerages recently commented on TTGT. Raymond James reduced their target price on TechTarget from $39.00 to $34.00 and set an "outperform" rating on the stock in a report on Monday, August 12th. Needham & Company LLC cut their price target on TechTarget from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, September 16th. Craig Hallum raised shares of TechTarget from a "hold" rating to a "buy" rating and increased their target price for the stock from $34.00 to $36.00 in a research note on Tuesday, October 15th. Finally, KeyCorp reduced their price target on shares of TechTarget from $40.00 to $38.00 and set an "overweight" rating for the company in a report on Monday, August 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, TechTarget has a consensus rating of "Moderate Buy" and a consensus price target of $37.67.

About TechTarget

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.