Brokerages Anticipate PTC Inc (PTC) Will Announce Earnings of $0.32 Per Share

Wall Street brokerages predict that PTC Inc (NASDAQ:PTC) will announce $0.32 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for PTC’s earnings, with estimates ranging from $0.30 to $0.36. PTC posted earnings of $0.28 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 14.3%. The business is expected to announce its next quarterly earnings results after the market closes on Wednesday, July 18th.

According to Zacks, analysts expect that PTC will report full year earnings of $1.38 per share for the current year, with EPS estimates ranging from $1.35 to $1.48. For the next year, analysts expect that the firm will report earnings of $2.00 per share, with EPS estimates ranging from $1.88 to $2.12. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for PTC.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, April 18th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. PTC had a net margin of 3.16% and a return on equity of 10.04%. The firm had revenue of $307.88 million during the quarter, compared to analyst estimates of $302.90 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. PTC’s quarterly revenue was up 9.9% on a year-over-year basis.

Several research analysts have weighed in on the stock. KeyCorp increased their target price on shares of PTC from $79.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, March 9th. Wedbush reaffirmed an “outperform” rating and set a $91.00 target price (up previously from $78.00) on shares of PTC in a research note on Wednesday, March 14th. Zacks Investment Research raised shares of PTC from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Barclays increased their target price on shares of PTC to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, April 12th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $85.00 target price on shares of PTC in a research note on Sunday, April 15th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $94.93.

Shares of PTC opened at $96.21 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.69. PTC has a 12-month low of $52.20 and a 12-month high of $100.79. The stock has a market capitalization of $10.93 billion, a P/E ratio of 130.01, a PEG ratio of 3.02 and a beta of 1.33.

In other news, VP Staats Aaron C. Von sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, April 23rd. The shares were sold at an average price of $84.85, for a total value of $636,375.00. Following the completion of the transaction, the vice president now owns 13,242 shares of the company’s stock, valued at $1,123,583.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert Schechter sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 23rd. The shares were sold at an average price of $85.20, for a total transaction of $255,600.00. Following the completion of the transaction, the director now directly owns 67,207 shares of the company’s stock, valued at approximately $5,726,036.40. The disclosure for this sale can be found here. In the last three months, insiders sold 130,778 shares of company stock valued at $10,967,374. Insiders own 1.19% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank raised its holdings in PTC by 26.3% in the first quarter. Toronto Dominion Bank now owns 3,125 shares of the technology company’s stock valued at $244,000 after acquiring an additional 650 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in PTC by 10.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,001 shares of the technology company’s stock valued at $546,000 after acquiring an additional 678 shares in the last quarter. LPL Financial LLC raised its holdings in PTC by 11.5% in the first quarter. LPL Financial LLC now owns 7,005 shares of the technology company’s stock valued at $546,000 after acquiring an additional 720 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in PTC by 19.0% in the first quarter. Robeco Institutional Asset Management B.V. now owns 5,000 shares of the technology company’s stock valued at $390,000 after acquiring an additional 800 shares in the last quarter. Finally, State Treasurer State of Michigan raised its holdings in PTC by 1.9% in the first quarter. State Treasurer State of Michigan now owns 42,339 shares of the technology company’s stock valued at $3,303,000 after acquiring an additional 800 shares in the last quarter. 99.17% of the stock is owned by institutional investors and hedge funds.

PTC Company Profile

PTC Inc develops and delivers software products and solutions worldwide. It operates through three segments: IoT Group, Solutions Group, and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things (IoT) applications and augmented reality (AR) experiences; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

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Earnings History and Estimates for PTC (NASDAQ:PTC)

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