PTC (PTC) to Release Quarterly Earnings on Wednesday

PTC (NASDAQ:PTC) is set to announce its earnings results after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. The firm had revenue of $315.50 million during the quarter, compared to analysts’ expectations of $312.29 million. PTC had a net margin of 3.06% and a return on equity of 11.68%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 earnings per share. On average, analysts expect PTC to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NASDAQ PTC opened at $89.71 on Tuesday. The stock has a fifty day moving average price of $88.75. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $10.12 billion, a PE ratio of 99.68, a PEG ratio of 2.60 and a beta of 1.19. PTC has a 1 year low of $76.67 and a 1 year high of $107.44.

A number of brokerages have recently issued reports on PTC. ValuEngine cut shares of China Southern Airlines from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. TheStreet raised shares of Viacom from a “c+” rating to a “b-” rating in a research note on Wednesday, April 24th. Mizuho set a $75.00 price objective on shares of Starbucks and gave the stock a “buy” rating in a research note on Thursday, April 11th. Zacks Investment Research raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Friday. Finally, JPMorgan Chase & Co. reissued a “hold” rating and issued a $7.00 price objective on shares of Deutsche Bank in a research note on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. PTC has an average rating of “Buy” and a consensus target price of $101.00.

In related news, insider James E. Heppelmann sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $89.02, for a total transaction of $1,335,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 15,800 shares of company stock valued at $1,405,938 over the last ninety days. 9.91% of the stock is currently owned by corporate insiders.

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 for PTC (NASDAQ:PTC)

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