Zacks: Brokerages Anticipate TechTarget, Inc. (NASDAQ:TTGT) Will Announce Earnings of $0.60 Per Share

Brokerages expect TechTarget, Inc. (NASDAQ:TTGTGet Rating) to announce earnings per share (EPS) of $0.60 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for TechTarget’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.61. TechTarget reported earnings per share of $0.51 in the same quarter last year, which suggests a positive year over year growth rate of 17.6%. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that TechTarget will report full-year earnings of $2.50 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.55. For the next fiscal year, analysts expect that the firm will post earnings of $2.93 per share, with EPS estimates ranging from $2.81 to $3.05. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover TechTarget.

TechTarget (NASDAQ:TTGTGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The information services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.06. TechTarget had a return on equity of 21.03% and a net margin of 2.26%. The company had revenue of $68.17 million for the quarter, compared to the consensus estimate of $66.33 million. During the same period last year, the business posted $0.26 earnings per share. The firm’s revenue was up 28.7% compared to the same quarter last year.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of TechTarget from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 13th. StockNews.com assumed coverage on shares of TechTarget in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of TechTarget from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, February 11th. Raymond James cut their price target on shares of TechTarget from $112.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, February 11th. Finally, TheStreet cut shares of TechTarget from a “b” rating to a “c” rating in a research report on Thursday, February 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $99.57.

NASDAQ:TTGT opened at $66.70 on Tuesday. The company has a current ratio of 6.91, a quick ratio of 6.26 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $1.98 billion, a P/E ratio of 392.35 and a beta of 1.04. The firm has a 50 day moving average of $74.03 and a 200-day moving average of $83.84. TechTarget has a 1 year low of $56.83 and a 1 year high of $111.44.

In other TechTarget news, Director Don Hawk sold 4,819 shares of the stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $77.28, for a total transaction of $372,412.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 10.45% of the company’s stock.

Several large investors have recently made changes to their positions in the business. UMB Bank N A MO bought a new stake in shares of TechTarget during the 4th quarter worth approximately $27,000. First Horizon Advisors Inc. lifted its holdings in shares of TechTarget by 820.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the information services provider’s stock worth $49,000 after acquiring an additional 517 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of TechTarget by 93.6% during the 4th quarter. Advisors Asset Management Inc. now owns 546 shares of the information services provider’s stock worth $52,000 after acquiring an additional 264 shares during the period. Captrust Financial Advisors lifted its holdings in shares of TechTarget by 70.6% during the 1st quarter. Captrust Financial Advisors now owns 1,612 shares of the information services provider’s stock worth $131,000 after acquiring an additional 667 shares during the period. Finally, Spire Wealth Management lifted its holdings in shares of TechTarget by 171.4% during the 4th quarter. Spire Wealth Management now owns 1,900 shares of the information services provider’s stock worth $182,000 after acquiring an additional 1,200 shares during the period. Hedge funds and other institutional investors own 99.78% of the company’s stock.

About TechTarget (Get Rating)

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. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.

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