PTC Inc. (PTC) Expected to Post Earnings of $0.37 Per Share
Equities research analysts forecast that PTC Inc. (NASDAQ:PTC) will announce earnings per share (EPS) of $0.37 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for PTC’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.43. PTC posted earnings of $0.20 per share in the same quarter last year, which would suggest a positive year over year growth rate of 85%. The firm is expected to report its next earnings report 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 financial year, analysts forecast that the firm will report earnings of $1.49 per share, with EPS estimates ranging from $1.27 to $1.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover PTC.
PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. PTC had a positive return on equity of 6.69% and a negative net margin of 3.46%. The firm had revenue of $291.92 million during the quarter, compared to the consensus estimate of $290.55 million. During the same period last year, the business posted $0.26 EPS. PTC’s quarterly revenue was up .8% on a year-over-year basis.
PTC has been the topic of several recent analyst reports. J P Morgan Chase & Co reissued an “overweight” rating and set a $68.00 target price on shares of PTC in a report on Thursday, July 20th. Pacific Crest boosted their target price on PTC from $62.00 to $67.00 and gave the stock an “overweight” rating in a report on Tuesday, June 6th. Benchmark Co. initiated coverage on PTC in a report on Thursday, May 18th. They set a “buy” rating and a $65.00 target price on the stock. Goldman Sachs Group, Inc. (The) initiated coverage on PTC in a report on Monday, July 17th. They set a “neutral” rating and a $62.00 target price on the stock. Finally, Barclays PLC reissued an “overweight” rating and set a $65.00 target price (down previously from $67.00) on shares of PTC in a report on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $62.65.
In other news, Director Donald K. Grierson sold 5,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $53.77, for a total transaction of $268,850.00. Following the transaction, the director now directly owns 62,300 shares in the company, valued at approximately $3,349,871. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Barry F. Cohen sold 27,374 shares of the business’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $54.67, for a total transaction of $1,496,536.58. Following the transaction, the executive vice president now owns 79,729 shares in the company, valued at $4,358,784.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,329 shares of company stock worth $3,588,097. 1.11% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Stephens Inc. AR bought a new stake in PTC in the second quarter worth $126,000. Toronto Dominion Bank lifted its position in PTC by 10.0% during the 1st quarter. Toronto Dominion Bank now owns 2,475 shares of the technology company’s stock worth $130,000 after acquiring an additional 225 shares during the last quarter. Gilder Gagnon Howe & Co. LLC acquired a new position in PTC during the 1st quarter worth $132,000. US Bancorp DE lifted its position in PTC by 56.2% during the 2nd quarter. US Bancorp DE now owns 2,604 shares of the technology company’s stock worth $144,000 after acquiring an additional 937 shares during the last quarter. Finally, Advisor Group Inc. lifted its position in PTC by 7.4% during the 2nd quarter. Advisor Group Inc. now owns 2,711 shares of the technology company’s stock worth $150,000 after acquiring an additional 186 shares during the last quarter. Institutional investors and hedge funds own 98.15% of the company’s stock.
PTC (PTC) opened at 55.61 on Friday. PTC has a 1-year low of $42.28 and a 1-year high of $60.22. The company has a 50-day moving average price of $54.63 and a 200 day moving average price of $55.02. The stock’s market capitalization is $6.43 billion.
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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