Constant Contact (CTCT) Releases Quarterly Earnings Results
Constant Contact (NASDAQ:CTCT) posted its quarterly earnings results on Friday. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.03, Stock Ratings News reports. The company had revenue of $74.90 million for the quarter, compared to the consensus estimate of $74.89 million.
Constant Contact (NASDAQ:CTCT) opened at 31.05 on Friday. Constant Contact has a 52 week low of $11.75 and a 52 week high of $32.91. The stock’s 50-day moving average is $29.85 and its 200-day moving average is $24.18. The company has a market cap of $952.0 million and a P/E ratio of 99.36.
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. They now have a $33.60 price target on the stock. On the ratings front, analysts at Credit Suisse raised their price target on shares of Constant Contact from $24.00 to $29.00 in a research note to investors on Tuesday. Finally, analysts at Oppenheimer raised their price target on shares of Constant Contact from $29.00 to $38.00 in a research note to investors on Friday, January 24th. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $29.33.
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.
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