PTC Inc (PTC) Expected to Post Earnings of $0.41 Per Share

Analysts expect PTC Inc (NASDAQ:PTC) to report earnings per share of $0.41 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for PTC’s earnings, with estimates ranging from $0.39 to $0.46. PTC reported earnings per share of $0.31 during the same quarter last year, which would suggest a positive year over year growth rate of 32.3%. The company is expected to report its next earnings results on Wednesday, January 16th.

On average, analysts expect that PTC will report full-year earnings of $1.73 per share for the current financial year, with EPS estimates ranging from $1.67 to $1.89. For the next year, analysts expect that the company will post earnings of $2.57 per share, with EPS estimates ranging from $2.41 to $2.83. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for PTC.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, October 24th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. PTC had a return on equity of 11.97% and a net margin of 4.19%. The firm had revenue of $312.52 million for the quarter, compared to analyst estimates of $322.00 million. During the same quarter in the prior year, the company earned $0.34 EPS. PTC’s revenue was up 2.0% on a year-over-year basis.

Several research firms recently issued reports on PTC. BidaskClub raised PTC from a “hold” rating to a “buy” rating in a research note on Thursday, September 6th. JPMorgan Chase & Co. decreased their target price on PTC to $96.00 in a research note on Friday, October 26th. Finally, Cowen set a $105.00 target price on PTC and gave the stock a “buy” rating in a research note on Sunday, October 28th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. PTC has a consensus rating of “Buy” and a consensus target price of $98.63.

In other PTC news, EVP Staats Aaron C. Von sold 11,907 shares of the stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $87.62, for a total value of $1,043,291.34. Following the sale, the executive vice president now owns 23,981 shares of the company’s stock, valued at approximately $2,101,215.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Schechter sold 5,000 shares of the stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $88.14, for a total value of $440,700.00. Following the completion of the sale, the director now directly owns 66,007 shares in the company, valued at approximately $5,817,856.98. The disclosure for this sale can be found here. Insiders sold a total of 148,231 shares of company stock worth $12,779,065 in the last ninety days. 1.19% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Marshall Wace LLP raised its position in shares of PTC by 42.7% during the 3rd quarter. Marshall Wace LLP now owns 381,572 shares of the technology company’s stock worth $40,519,000 after acquiring an additional 114,237 shares in the last quarter. Legal & General Group Plc raised its position in shares of PTC by 89.7% during the 3rd quarter. Legal & General Group Plc now owns 567,690 shares of the technology company’s stock worth $60,283,000 after acquiring an additional 268,434 shares in the last quarter. Rehmann Capital Advisory Group raised its position in shares of PTC by 10,392.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 140,701 shares of the technology company’s stock worth $1,325,000 after acquiring an additional 139,360 shares in the last quarter. Teachers Advisors LLC raised its position in shares of PTC by 5.0% during the 3rd quarter. Teachers Advisors LLC now owns 348,725 shares of the technology company’s stock worth $37,031,000 after acquiring an additional 16,510 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of PTC by 22,755.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 760,863 shares of the technology company’s stock worth $80,796,000 after acquiring an additional 757,534 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors.

PTC traded down $3.74 during mid-day trading on Friday, hitting $83.78. 830,161 shares of the stock were exchanged, compared to its average volume of 1,543,204. PTC has a 1-year low of $59.40 and a 1-year high of $107.44. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.74. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 93.09, a PEG ratio of 2.32 and a beta of 1.50.

PTC Company Profile

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

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Earnings History and Estimates for PTC (NASDAQ:PTC)

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