PTC Inc. (NASDAQ:PTC) Expected to Announce Quarterly Sales of $471.03 Million

Equities analysts forecast that PTC Inc. (NASDAQ:PTCGet Rating) will post $471.03 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for PTC’s earnings, with the highest sales estimate coming in at $480.90 million and the lowest estimate coming in at $456.70 million. PTC posted sales of $435.67 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.1%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that PTC will report full year sales of $1.94 billion for the current fiscal year, with estimates ranging from $1.94 billion to $1.95 billion. For the next year, analysts expect that the company will report sales of $2.16 billion, with estimates ranging from $2.08 billion to $2.29 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow PTC.

PTC (NASDAQ:PTCGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The technology company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.34. PTC had a net margin of 25.54% and a return on equity of 19.08%. The company had revenue of $505.23 million for the quarter, compared to analysts’ expectations of $482.34 million. During the same quarter last year, the company earned $0.78 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis.

PTC has been the topic of a number of research analyst reports. Citigroup dropped their price target on PTC from $120.00 to $110.00 in a research report on Monday, April 25th. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a report on Monday, May 2nd. Mizuho lifted their target price on shares of PTC from $125.00 to $135.00 in a research report on Thursday, April 28th. Royal Bank of Canada reduced their target price on PTC from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, April 25th. Finally, Barclays decreased their target price on PTC from $141.00 to $120.00 in a research report on Thursday, April 28th. Three investment 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 company currently has a consensus rating of “Buy” and an average price target of $139.11.

In other news, EVP Staats Aaron C. Von sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $116.46, for a total value of $209,628.00. Following the transaction, the executive vice president now directly owns 24,293 shares in the company, valued at approximately $2,829,162.78. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James E. Heppelmann sold 5,000 shares of the firm’s stock in a transaction on Monday, May 2nd. The stock was 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 disclosure for this sale can be found here. 10.15% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sageworth Trust Co of South Dakota acquired a new stake in shares of PTC in the 4th quarter valued at approximately $26,000. NuWave Investment Management LLC purchased a new stake in shares of PTC in the first quarter valued at $26,000. Crewe Advisors LLC acquired a new position in PTC in the 4th quarter valued at about $35,000. FourThought Financial LLC acquired a new position in PTC in the 4th quarter valued at about $38,000. Finally, CWM LLC acquired a new position in PTC in the 4th quarter valued at $48,000. 86.56% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ PTC opened at $113.42 on Monday. The firm has a market capitalization of $13.27 billion, a PE ratio of 28.07, a PEG ratio of 2.80 and a beta of 1.14. The business has a 50-day moving average price of $106.82 and a two-hundred day moving average price of $112.45. PTC has a one year low of $96.55 and a one year high of $153.73. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.61.

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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