Equities analysts predict that PTC Inc (NASDAQ:PTC) will announce sales of $303.19 million for the current quarter, Zacks reports. Six analysts have provided estimates for PTC’s earnings, with the highest sales estimate coming in at $304.00 million and the lowest estimate coming in at $302.60 million. PTC posted sales of $280.04 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.3%. The firm is scheduled to report its next quarterly earnings report after the market closes on Wednesday, April 18th.
According to Zacks, analysts expect that PTC will report full-year sales of $1.24 billion for the current year, with estimates ranging from $1.24 billion to $1.25 billion. For the next year, analysts anticipate that the firm will report sales of $1.36 billion per share, with estimates ranging from $1.35 billion to $1.38 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for PTC.
PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, January 17th. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The business had revenue of $306.44 million for the quarter, compared to the consensus estimate of $300.17 million. PTC had a net margin of 2.47% and a return on equity of 9.29%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS.
A number of analysts have recently weighed in on PTC shares. Zacks Investment Research upgraded shares of PTC from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. BidaskClub upgraded shares of PTC from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 17th. Barclays raised their price target on shares of PTC from $69.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, January 18th. KeyCorp raised their price target on shares of PTC from $79.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, March 9th. Finally, Royal Bank of Canada raised their price target on shares of PTC to $80.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. PTC presently has an average rating of “Buy” and an average price target of $73.81.
In related news, VP Staats Aaron C. Von sold 7,500 shares of PTC stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $73.76, for a total value of $553,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Anthony Dibona sold 5,464 shares of PTC stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $73.97, for a total transaction of $404,172.08. Following the completion of the sale, the executive vice president now owns 36,317 shares of the company’s stock, valued at $2,686,368.49. The disclosure for this sale can be found here. Insiders sold a total of 37,964 shares of company stock valued at $2,765,872 over the last quarter. 1.19% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new stake in PTC during the 4th quarter valued at approximately $128,000. ING Groep NV acquired a new stake in PTC during the 4th quarter valued at approximately $203,000. US Bancorp DE lifted its stake in PTC by 29.5% during the 4th quarter. US Bancorp DE now owns 3,813 shares of the technology company’s stock valued at $233,000 after acquiring an additional 868 shares during the period. Cetera Advisor Networks LLC acquired a new stake in PTC during the 4th quarter valued at approximately $258,000. Finally, Dynamic Capital Management Ltd acquired a new stake in PTC during the 4th quarter valued at approximately $287,000. Institutional investors own 97.98% of the company’s stock.
NASDAQ PTC traded down $0.96 during trading on Wednesday, reaching $80.45. 778,039 shares of the company’s stock traded hands, compared to its average volume of 997,640. PTC has a 12-month low of $51.02 and a 12-month high of $81.97. The company has a market capitalization of $9,466.71, a price-to-earnings ratio of 108.72, a price-to-earnings-growth ratio of 2.91 and a beta of 1.33. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.03 and a current ratio of 1.02.
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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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