Constant Contact (CTCT) Releases Quarterly Earnings Results
Constant Contact (NASDAQ:CTCT) posted its quarterly earnings results on Thursday. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.05, StockRatingsNetwork.com reports. The company had revenue of $72.04 million for the quarter, compared to the consensus estimate of $72.14 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Constant Contact updated its Q4 guidance to $0.26-0.28 EPS.
CTCT has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Constant Contact from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 9th. They now have a $24.60 price target on the stock. On the ratings front, analysts at Robert W. Baird raised their price target on shares of Constant Contact from $18.00 to $23.00 in a research note to investors on Friday, September 27th. They now have a “neutral” rating on the stock. Finally, analysts at Janney Montgomery Scott upgraded shares of Constant Contact from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 12th. They now have a $25.00 price target on the stock, up previously from $18.00. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Constant Contact has an average rating of “Hold” and a consensus target price of $21.70.
Constant Contact (NASDAQ:CTCT) traded down 1.88% on Thursday, hitting $23.02. The stock had a trading volume of 269,425 shares. Constant Contact has a 52 week low of $11.50 and a 52 week high of $22.00. The stock has a 50-day moving average of $18.94 and a 200-day moving average of $15.82. The company has a market cap of $706.3 million and a P/E ratio of 57.64.
Constant Contact, Inc (NASDAQ:CTCT) is a provider of on-demand engagement marketing tools that are designed for small organizations, including small businesses, associations and non-profits.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.