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.

TRADEMARK VIOLATION WARNING: “PTC Inc. (NASDAQ:PTC) Issues Q1 Earnings Guidance” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://www.dispatchtribunal.com/2017/11/11/ptc-inc-ptc-issues-q1-earnings-guidance.html.

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.

Receive News & Ratings for PTC Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply