Analysts Anticipate PTC Inc. (PTC) to Announce $0.37 EPS
Equities research analysts expect PTC Inc. (NASDAQ:PTC) to report earnings of $0.37 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for PTC’s earnings, with estimates ranging from $0.35 to $0.43. PTC reported earnings per share of $0.20 during the same quarter last year, which would suggest a positive year-over-year growth rate of 85%. The company is scheduled to report its next earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that PTC will report full year earnings of $1.21 per share for the current year, with EPS estimates ranging from $1.19 to $1.26. For the next year, analysts anticipate that the business will post earnings of $1.49 per share, with EPS estimates ranging from $1.27 to $1.65. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover PTC.
PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.28 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. PTC had a positive return on equity of 6.69% and a negative net margin of 3.46%. The business had revenue of $291.92 million during the quarter, compared to the consensus estimate of $290.55 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. PTC’s revenue was up .8% compared to the same quarter last year.
A number of research analysts have issued reports on PTC shares. Pacific Crest lifted their price objective on PTC from $62.00 to $67.00 and gave the company an “overweight” rating in a research note on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) started coverage on PTC in a research note on Monday, July 17th. They set a “neutral” rating and a $62.00 price objective for the company. J P Morgan Chase & Co reiterated an “overweight” rating and set a $68.00 price objective on shares of PTC in a research note on Thursday, July 20th. Barclays PLC reiterated an “overweight” rating and set a $65.00 price objective (down previously from $67.00) on shares of PTC in a research note on Saturday, July 22nd. Finally, BidaskClub cut PTC from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $62.25.
In related news, insider James E. Heppelmann sold 25,000 shares of PTC stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $55.27, for a total value of $1,381,750.00. Following the completion of the sale, the insider now owns 561,022 shares of the company’s stock, valued at $31,007,685.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donald K. Grierson sold 5,000 shares of PTC stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $53.77, for a total value of $268,850.00. Following the completion of the sale, the director now directly owns 62,300 shares of the company’s stock, valued at approximately $3,349,871. The disclosure for this sale can be found here. In the last three months, insiders sold 65,329 shares of company stock valued at $3,588,097. Corporate insiders own 1.11% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Stephens Inc. AR purchased a new stake in shares of PTC during the second quarter valued at approximately $126,000. Toronto Dominion Bank raised its stake in shares of PTC by 10.0% in the first quarter. Toronto Dominion Bank now owns 2,475 shares of the technology company’s stock valued at $130,000 after buying an additional 225 shares during the last quarter. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of PTC during the first quarter valued at approximately $132,000. US Bancorp DE raised its stake in shares of PTC by 56.2% in the second quarter. US Bancorp DE now owns 2,604 shares of the technology company’s stock valued at $144,000 after buying an additional 937 shares during the last quarter. Finally, Advisor Group Inc. raised its stake in shares of PTC by 7.4% in the second quarter. Advisor Group Inc. now owns 2,711 shares of the technology company’s stock valued at $150,000 after buying an additional 186 shares during the last quarter. 98.40% of the stock is owned by institutional investors.
Shares of PTC (PTC) traded up 1.00% during midday trading on Friday, reaching $53.52. The company had a trading volume of 998,905 shares. PTC has a one year low of $41.40 and a one year high of $60.22. The company has a 50-day moving average price of $55.28 and a 200 day moving average price of $54.90. The company’s market capitalization is $6.19 billion.
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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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