Zacks: Analysts Anticipate PTC Inc (PTC) Will Announce Earnings of $0.31 Per Share

Wall Street analysts predict that PTC Inc (NASDAQ:PTC) will report $0.31 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for PTC’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.29. PTC reported earnings per share of $0.30 in the same quarter last year, which suggests a positive year-over-year growth rate of 3.3%. The company is expected to announce its next quarterly earnings report on Wednesday, April 18th.

According to Zacks, analysts expect that PTC will report full-year earnings of $1.35 per share for the current year, with EPS estimates ranging from $1.33 to $1.43. For the next financial year, analysts expect that the company will post earnings of $1.92 per share, with EPS estimates ranging from $1.59 to $2.06. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for PTC.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, January 17th. The technology company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. PTC had a net margin of 2.47% and a return on equity of 9.29%. The company had revenue of $306.44 million during the quarter, compared to the consensus estimate of $300.17 million. During the same period in the prior year, the company earned $0.26 EPS. PTC’s revenue was up 7.0% on a year-over-year basis.

A number of equities research analysts have weighed in on PTC shares. Zacks Investment Research downgraded shares of PTC from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Bank of America began coverage on shares of PTC in a research note on Monday, November 6th. They set an “underperform” rating and a $60.00 price objective for the company. JPMorgan Chase & Co. lowered shares of PTC from an “overweight” rating to a “neutral” rating and set a $68.00 price objective for the company. in a research note on Tuesday, December 12th. Wedbush reaffirmed an “outperform” rating and set a $69.00 price objective on shares of PTC in a research note on Tuesday, November 14th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $74.00 price objective on shares of PTC in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $70.81.

In other news, insider James E. Heppelmann sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $72.34, for a total value of $1,808,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Anthony Dibona sold 5,464 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $73.97, for a total value of $404,172.08. Following the completion of the transaction, the executive vice president now owns 36,317 shares in the company, valued at approximately $2,686,368.49. The disclosure for this sale can be found here. 1.19% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Tributary Capital Management LLC acquired a new position in shares of PTC in the 3rd quarter valued at about $109,000. Boston Financial Mangement LLC increased its holdings in shares of PTC by 7.6% in the 3rd quarter. Boston Financial Mangement LLC now owns 102,462 shares of the technology company’s stock valued at $5,767,000 after purchasing an additional 7,217 shares during the period. Rational Advisors LLC acquired a new position in shares of PTC in the 3rd quarter valued at about $1,888,000. Lagoda Investment Management L.P. increased its holdings in shares of PTC by 6.7% in the 3rd quarter. Lagoda Investment Management L.P. now owns 135,038 shares of the technology company’s stock valued at $7,600,000 after purchasing an additional 8,510 shares during the period. Finally, TimesSquare Capital Management LLC acquired a new position in shares of PTC in the 3rd quarter valued at about $51,958,000. Institutional investors own 97.98% of the company’s stock.

Shares of PTC (NASDAQ:PTC) traded down $0.08 during midday trading on Friday, reaching $73.28. 616,000 shares of the company’s stock were exchanged, compared to its average volume of 1,001,036. PTC has a 52 week low of $50.68 and a 52 week high of $74.88. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.84. The firm has a market cap of $8,521.32, a P/E ratio of 106.20, a price-to-earnings-growth ratio of 2.62 and a beta of 1.49.

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About PTC

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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