PTC Inc. (NASDAQ:PTC) Issues Q1 Earnings Guidance

PTC Inc. (NASDAQ:PTC) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.28-0.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.32. The company issued revenue guidance of $297-302 million, compared to the consensus revenue estimate of $298.46 million.PTC also updated its FY17 guidance to $1.27-1.37 EPS.

PTC has been the topic of several research reports. Bank of America Corporation initiated coverage on PTC in a research report on Monday, November 6th. They issued an underperform rating and a $60.00 target price on the stock. Royal Bank of Canada restated a buy rating and issued a $74.00 target price on shares of PTC in a research report on Friday, October 27th. Barclays PLC lifted their price objective on PTC from $65.00 to $69.00 and gave the stock an overweight rating in a research report on Thursday, October 26th. KeyCorp reiterated a buy rating and set a $74.00 price objective (up previously from $64.00) on shares of PTC in a research report on Thursday, October 26th. Finally, Evercore ISI set a $75.00 price objective on PTC and gave the stock a buy rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. PTC has a consensus rating of Buy and an average target price of $65.59.

Shares of PTC Inc. (NASDAQ:PTC) traded up $0.13 during trading on Friday, hitting $64.79. The company’s stock had a trading volume of 564,000 shares, compared to its average volume of 1,218,518. PTC Inc. has a one year low of $45.57 and a one year high of $67.12. The stock has a market cap of $7,475.18, a price-to-earnings ratio of 109.59 and a beta of 1.37. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 0.80.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $306.38 million during the quarter, compared to analysts’ expectations of $306.59 million. PTC had a net margin of 0.54% and a return on equity of 8.08%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $0.20 earnings per share. analysts forecast that PTC Inc. will post 0.81 EPS for the current fiscal year.

PTC declared that its board has approved a share buyback program on Tuesday, September 19th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

In other PTC news, Director Paul A. Lacy sold 4,000 shares of PTC stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $65.81, for a total value of $263,240.00. Following the transaction, the director now owns 61,486 shares in the company, valued at $4,046,393.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert Schechter sold 1,128 shares of PTC stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $66.88, for a total transaction of $75,440.64. Following the completion of the transaction, the director now owns 64,826 shares in the company, valued at approximately $4,335,562.88. The disclosure for this sale can be found here. 1.11% of the stock is currently owned by company insiders.

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PTC Company Profile

PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.

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