Zacks: Brokerages Anticipate PTC Inc. (NASDAQ:PTC) to Announce $1.00 Earnings Per Share

Equities research analysts expect PTC Inc. (NASDAQ:PTCGet Rating) to post earnings per share of $1.00 for the current quarter, according to Zacks. Four analysts have issued estimates for PTC’s earnings, with the highest EPS estimate coming in at $1.09 and the lowest estimate coming in at $0.85. PTC posted earnings of $0.83 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 20.5%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that PTC will report full year earnings of $4.46 per share for the current year, with EPS estimates ranging from $4.00 to $4.61. For the next year, analysts expect that the business will post earnings of $5.17 per share, with EPS estimates ranging from $4.41 to $5.98. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover PTC.

PTC (NASDAQ:PTCGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.12 by $0.27. PTC had a return on equity of 19.08% and a net margin of 25.54%. The company had revenue of $505.23 million during the quarter, compared to the consensus estimate of $482.34 million. During the same period last year, the company earned $0.78 EPS. PTC’s revenue for the quarter was up 9.4% on a year-over-year basis.

Several equities research analysts recently commented on the company. TheStreet upgraded PTC from a “c+” rating to a “b-” rating in a report on Wednesday, April 27th. Barclays cut their price target on PTC from $141.00 to $120.00 in a research note on Thursday, April 28th. Citigroup cut their price target on PTC from $120.00 to $110.00 in a research note on Monday, April 25th. StockNews.com upgraded PTC from a “hold” rating to a “buy” rating in a research note on Monday, May 2nd. Finally, Mizuho boosted their price target on PTC from $125.00 to $135.00 in a research note on Thursday, April 28th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $139.11.

In other news, CEO James E. Heppelmann sold 5,000 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $113.75, for a total value of $568,750.00. Following the transaction, the chief executive officer now owns 804,512 shares of the company’s stock, valued at $91,513,240. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Staats Aaron C. Von sold 1,800 shares of the company’s stock in a transaction on Friday, April 29th. The stock was sold at an average price of $116.46, for a total transaction of $209,628.00. Following the transaction, the executive vice president now owns 24,293 shares of the company’s stock, valued at approximately $2,829,162.78. The disclosure for this sale can be found here. 10.15% of the stock is owned by insiders.

Several large investors have recently modified their holdings of PTC. Alliancebernstein L.P. boosted its position in shares of PTC by 365.7% during the fourth quarter. Alliancebernstein L.P. now owns 3,221,866 shares of the technology company’s stock worth $390,329,000 after acquiring an additional 2,530,102 shares during the last quarter. Standard Investments LLC boosted its position in shares of PTC by 36.8% during the fourth quarter. Standard Investments LLC now owns 4,368,000 shares of the technology company’s stock worth $529,183,000 after acquiring an additional 1,175,464 shares during the last quarter. Liontrust Investment Partners LLP bought a new position in PTC during the third quarter valued at $127,313,000. Norges Bank bought a new position in PTC during the fourth quarter valued at $101,089,000. Finally, FIL Ltd lifted its position in PTC by 60.4% during the third quarter. FIL Ltd now owns 2,204,730 shares of the technology company’s stock valued at $264,105,000 after purchasing an additional 830,313 shares during the last quarter. Hedge funds and other institutional investors own 86.56% of the company’s stock.

NASDAQ PTC traded up $3.91 during trading hours on Friday, hitting $113.42. The company’s stock had a trading volume of 921,244 shares, compared to its average volume of 1,022,806. PTC has a 12 month low of $96.55 and a 12 month high of $153.73. The company’s 50 day simple moving average is $106.82 and its two-hundred day simple moving average is $112.67. The company has a market cap of $13.27 billion, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 2.80 and a beta of 1.14. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.24 and a quick ratio of 1.24.

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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