Analysts predict that PTC Inc (NASDAQ:PTC) will report earnings per share (EPS) of $0.41 for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for PTC’s earnings, with estimates ranging from $0.39 to $0.46. PTC posted earnings of $0.31 per share in the same quarter last year, which suggests a positive year over year growth rate of 32.3%. The business is expected to announce its next quarterly earnings results on Wednesday, January 16th.
On average, analysts expect that PTC will report full year earnings of $1.73 per share for the current financial year, with EPS estimates ranging from $1.67 to $1.89. For the next fiscal year, analysts anticipate that the company will report earnings of $2.57 per share, with EPS estimates ranging from $2.41 to $2.83. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover PTC.
PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, October 24th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $312.52 million for the quarter, compared to analyst estimates of $322.00 million. PTC had a return on equity of 11.97% and a net margin of 4.19%. PTC’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 earnings per share.
A number of research analysts have recently weighed in on PTC shares. Cowen set a $105.00 price target on PTC and gave the company a “buy” rating in a report on Sunday, October 28th. JPMorgan Chase & Co. lowered their price target on PTC to $96.00 in a report on Friday, October 26th. Finally, BidaskClub downgraded PTC from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $98.63.
Shares of PTC stock traded down $3.79 on Friday, reaching $83.73. 31,022 shares of the company were exchanged, compared to its average volume of 1,517,905. The firm has a market capitalization of $10.37 billion, a PE ratio of 93.94, a price-to-earnings-growth ratio of 2.42 and a beta of 1.50. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74. PTC has a fifty-two week low of $59.40 and a fifty-two week high of $107.44.
In other PTC news, EVP Barry F. Cohen sold 47,194 shares of the business’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $84.94, for a total value of $4,008,658.36. Following the completion of the sale, the executive vice president now owns 55,002 shares of the company’s stock, valued at $4,671,869.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Phillip M. Fernandez sold 250 shares of the business’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $102.46, for a total value of $25,615.00. Following the completion of the sale, the director now directly owns 20,912 shares of the company’s stock, valued at approximately $2,142,643.52. The disclosure for this sale can be found here. Insiders sold 148,231 shares of company stock worth $12,779,065 in the last 90 days. Corporate insiders own 1.19% of the company’s stock.
Several large investors have recently made changes to their positions in PTC. Pacer Advisors Inc. lifted its position in shares of PTC by 1.7% during the 3rd quarter. Pacer Advisors Inc. now owns 36,636 shares of the technology company’s stock worth $3,890,000 after purchasing an additional 611 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in PTC by 9.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 7,690 shares of the technology company’s stock valued at $817,000 after acquiring an additional 633 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its holdings in PTC by 33.0% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,645 shares of the technology company’s stock valued at $281,000 after acquiring an additional 657 shares in the last quarter. Aperio Group LLC raised its holdings in PTC by 2.5% in the 2nd quarter. Aperio Group LLC now owns 27,421 shares of the technology company’s stock valued at $2,572,000 after acquiring an additional 658 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in PTC by 16.1% in the 3rd quarter. CIBC Asset Management Inc now owns 4,841 shares of the technology company’s stock valued at $514,000 after acquiring an additional 671 shares in the last quarter. 91.62% of the stock is owned by institutional investors.
PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; 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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