Zacks: Brokerages Expect PTC Inc. (NASDAQ:PTC) Will Post Earnings of $0.99 Per Share

Wall Street brokerages expect PTC Inc. (NASDAQ:PTCGet Rating) to post earnings per share of $0.99 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for PTC’s earnings, with the lowest EPS estimate coming in at $0.85 and the highest estimate coming in at $1.09. PTC posted earnings per share of $0.83 in the same quarter last year, which would suggest a positive year over year growth rate of 19.3%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that PTC will report full year earnings of $4.27 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.43. For the next year, analysts anticipate that the firm will report earnings of $5.09 per share, with EPS estimates ranging from $4.41 to $5.88. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for PTC.

PTC (NASDAQ:PTCGet Rating) last released its earnings results on Wednesday, April 27th. The technology company reported $1.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.27. The company had revenue of $505.23 million during the quarter, compared to analysts’ expectations of $482.34 million. PTC had a net margin of 25.54% and a return on equity of 19.52%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $0.78 EPS.

A number of equities analysts have recently issued reports on PTC shares. Citigroup cut their price target on shares of PTC from $120.00 to $110.00 in a report on Monday, April 25th. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a report on Sunday, April 24th. TheStreet upgraded shares of PTC from a “c+” rating to a “b-” rating in a report on Wednesday. Barclays dropped their target price on shares of PTC from $141.00 to $120.00 in a report on Thursday. Finally, Zacks Investment Research downgraded shares of PTC from a “strong-buy” rating to a “hold” rating and set a $129.00 target price for the company. in a report on Tuesday, January 4th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, PTC presently has a consensus rating of “Buy” and a consensus price target of $139.11.

In related news, EVP Staats Aaron C. Von sold 3,741 shares of the firm’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 value of $434,966.07. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO James E. Heppelmann sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 1st. The stock was 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. Insiders own 10.15% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PTC. Morgan Stanley boosted its position in shares of PTC by 59.2% in the second quarter. Morgan Stanley now owns 234,381 shares of the technology company’s stock worth $33,109,000 after acquiring an additional 87,171 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in PTC by 57.2% during the third quarter. Janney Montgomery Scott LLC now owns 3,095 shares of the technology company’s stock worth $371,000 after buying an additional 1,126 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in PTC by 87.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 38,364 shares of the technology company’s stock worth $4,596,000 after buying an additional 17,928 shares during the period. Treasurer of the State of North Carolina grew its stake in PTC by 3.5% during the third quarter. Treasurer of the State of North Carolina now owns 37,963 shares of the technology company’s stock worth $4,548,000 after buying an additional 1,279 shares during the period. Finally, Pendal Group Ltd grew its stake in PTC by 25.4% during the third quarter. Pendal Group Ltd now owns 155,967 shares of the technology company’s stock worth $18,683,000 after buying an additional 31,579 shares during the period. 92.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of PTC opened at $114.21 on Friday. The company has a 50-day simple moving average of $106.06 and a 200-day simple moving average of $114.25. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $13.46 billion, a PE ratio of 28.27, a P/E/G ratio of 3.12 and a beta of 1.26. PTC has a 52-week low of $96.55 and a 52-week high of $153.73.

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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Earnings History and Estimates for PTC (NASDAQ:PTC)

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