PTC Inc. (NASDAQ:PTC) Expected to Post Quarterly Sales of $479.36 Million

Equities analysts expect PTC Inc. (NASDAQ:PTCGet Rating) to post sales of $479.36 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for PTC’s earnings, with estimates ranging from $470.60 million to $485.24 million. PTC posted sales of $461.79 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.8%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that PTC will report full-year sales of $1.92 billion for the current financial year, with estimates ranging from $1.90 billion to $1.94 billion. For the next financial year, analysts expect that the business will post sales of $2.15 billion, with estimates ranging from $2.07 billion to $2.29 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for PTC.

PTC (NASDAQ:PTCGet Rating) last released its quarterly earnings results on Wednesday, January 26th. The technology company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.03). The company had revenue of $457.72 million during the quarter, compared to the consensus estimate of $464.88 million. PTC had a net margin of 27.21% and a return on equity of 17.89%. During the same quarter last year, the firm earned $0.58 EPS.

A number of brokerages have recently commented on PTC. TheStreet cut shares of PTC from a “b-” rating to a “c+” rating in a report on Tuesday, February 8th. Mizuho lowered their price target on PTC from $140.00 to $125.00 in a research report on Thursday, January 27th. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank of Canada decreased their target price on PTC from $165.00 to $150.00 in a research report on Tuesday, January 25th. Finally, Zacks Investment Research lowered PTC from a “strong-buy” rating to a “hold” rating and set a $129.00 target price for the company. in a research report on Tuesday, January 4th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $145.11.

In related news, EVP Staats Aaron C. Von sold 3,741 shares of the firm’s stock in a transaction on Tuesday, February 1st. The shares were sold at an average price of $116.27, for a total value of $434,966.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James E. Heppelmann sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 1st. The shares were sold at an average price of $116.16, for a total transaction of $580,800.00. The disclosure for this sale can be found here. Company insiders own 10.15% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Sageworth Trust Co of South Dakota bought a new stake in PTC in the fourth quarter worth $26,000. Compagnie Lombard Odier SCmA lifted its position in PTC by 67.9% in the third quarter. Compagnie Lombard Odier SCmA now owns 235 shares of the technology company’s stock worth $28,000 after buying an additional 95 shares during the last quarter. NuWave Investment Management LLC bought a new stake in shares of PTC during the first quarter worth $26,000. Stephens Inc. AR lifted its position in shares of PTC by 121.0% during the third quarter. Stephens Inc. AR now owns 274 shares of the technology company’s stock worth $33,000 after purchasing an additional 150 shares during the last quarter. Finally, Crewe Advisors LLC bought a new stake in shares of PTC during the fourth quarter worth $35,000. Institutional investors own 92.93% of the company’s stock.

NASDAQ:PTC traded down $2.86 during trading hours on Monday, hitting $98.71. The company had a trading volume of 544,217 shares, compared to its average volume of 641,535. PTC has a 52 week low of $98.60 and a 52 week high of $153.73. The company has a market capitalization of $11.63 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 3.16 and a beta of 1.26. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a 50-day moving average price of $108.22 and a 200 day moving average price of $115.45.

PTC Company Profile (Get Rating)

PTC Inc operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers a set of capabilities that enable enterprises to digitally transform every aspect of their business with innovative solutions that are simple to create, easy to implement, scalable to meet future needs, and designed to enable customers to accelerate time to value; and Vuforia, which enables the visualization of digital information in a physical context and the creation of AR.

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