PTC (NASDAQ:PTC) is set to release its earnings data after the market closes on Wednesday, January 17th. Analysts expect PTC to post earnings of $0.32 per share for the quarter. PTC has set its Q1 guidance at $0.28-0.32 EPS and its FY17 guidance at $1.27-1.37 EPS.
PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). PTC had a return on equity of 8.08% and a net margin of 0.54%. The company had revenue of $306.38 million for the quarter, compared to analysts’ expectations of $306.59 million. During the same period in the prior year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts expect PTC to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of PTC (NASDAQ:PTC) opened at $64.53 on Wednesday. PTC has a fifty-two week low of $46.87 and a fifty-two week high of $67.12. The stock has a market cap of $7,480.00, a PE ratio of 1,613.25 and a beta of 1.34. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.98 and a quick ratio of 0.98.
PTC announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, September 19th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Several brokerages have issued reports on PTC. BidaskClub raised shares of PTC from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Wedbush reissued an “outperform” rating and set a $69.00 price objective on shares of PTC in a research note on Tuesday, November 14th. Royal Bank of Canada reissued a “buy” rating and set a $74.00 price objective on shares of PTC in a research note on Friday, October 27th. Robert W. Baird reissued a “buy” rating and set a $68.00 price objective on shares of PTC in a research note on Thursday, January 4th. Finally, KeyCorp reissued a “buy” rating and set a $74.00 price objective (up previously from $64.00) on shares of PTC in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. PTC currently has a consensus rating of “Buy” and a consensus target price of $66.31.
In other news, EVP Anthony Dibona sold 4,920 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $64.58, for a total value of $317,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James E. Heppelmann sold 25,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $64.58, for a total transaction of $1,614,500.00. The disclosure for this sale can be found here. Insiders sold 55,924 shares of company stock valued at $3,627,304 in the last three months. Company insiders own 1.02% of the company’s stock.
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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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