Zacks: Analysts Anticipate PTC Inc. (NASDAQ:PTC) to Announce $1.10 Earnings Per Share

Equities research analysts expect PTC Inc. (NASDAQ:PTCGet Rating) to announce $1.10 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for PTC’s earnings, with estimates ranging from $1.04 to $1.14. PTC posted earnings per share of $1.08 in the same quarter last year, which suggests a positive year-over-year growth rate of 1.9%. The company is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that PTC will report full year earnings of $4.23 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.35. For the next financial year, analysts forecast that the business will report earnings of $5.06 per share, with EPS estimates ranging from $4.41 to $5.88. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow PTC.

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

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

In related news, CEO James E. Heppelmann sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $116.16, for a total transaction of $580,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Staats Aaron C. Von sold 3,741 shares of the business’s stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $116.27, for a total transaction of $434,966.07. The disclosure for this sale can be found here. 10.15% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Penserra Capital Management LLC lifted its holdings in shares of PTC by 24.5% in the 4th quarter. Penserra Capital Management LLC now owns 472 shares of the technology company’s stock worth $57,000 after acquiring an additional 93 shares during the last quarter. Compagnie Lombard Odier SCmA raised its holdings in PTC by 67.9% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 235 shares of the technology company’s stock valued at $28,000 after buying an additional 95 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in PTC by 0.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,278 shares of the technology company’s stock valued at $1,351,000 after buying an additional 100 shares during the last quarter. State of Michigan Retirement System raised its holdings in PTC by 0.4% during the 3rd quarter. State of Michigan Retirement System now owns 26,500 shares of the technology company’s stock valued at $3,174,000 after buying an additional 100 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in PTC by 0.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 27,302 shares of the technology company’s stock valued at $3,271,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 92.93% of the company’s stock.

Shares of PTC traded down $2.86 during trading hours on Friday, hitting $98.71. 544,217 shares of the stock were exchanged, compared to its average volume of 641,535. PTC has a fifty-two week low of $98.60 and a fifty-two week high of $153.73. 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 business has a 50-day moving average of $108.22 and a 200-day moving average of $115.45. The firm has a market capitalization of $11.63 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 3.16 and a beta of 1.26.

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.

See Also

Get a free copy of the Zacks research report on PTC (PTC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for PTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC and related companies with MarketBeat.com's FREE daily email newsletter.