Brokerages expect that PTC Inc. (NASDAQ:PTC) will post $0.56 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for PTC's earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.61. PTC reported earnings of $0.64 per share during the same quarter last year, which would indicate a negative year over year growth rate of 12.5%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, October 28th.
According to Zacks, analysts expect that PTC will report full-year earnings of $2.35 per share for the current financial year, with EPS estimates ranging from $2.30 to $2.47. For the next fiscal year, analysts forecast that the business will post earnings of $2.90 per share, with EPS estimates ranging from $2.73 to $3.14. Zacks Investment Research's EPS averages are a mean average based on a survey of analysts that cover PTC.
PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.44 by $0.18. PTC had a return on equity of 16.99% and a net margin of 6.21%. The business had revenue of $352.00 million during the quarter, compared to analyst estimates of $333.22 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. PTC's revenue for the quarter was up 9.3% on a year-over-year basis.
Several analysts have issued reports on PTC shares. Needham & Company LLC reissued a "buy" rating and set a $100.00 price target on shares of PTC in a report on Thursday, July 9th. upped their price objective on PTC from $91.00 to $96.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Griffin Securities raised PTC from a "neutral" rating to a "buy" rating and set a $120.00 price objective for the company in a research note on Thursday, July 30th. TheStreet raised PTC from a "c" rating to a "b-" rating in a research note on Wednesday, July 29th. Finally, Barclays upped their price objective on PTC from $82.00 to $94.00 and gave the stock an "overweight" rating in a research note on Monday, July 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company's stock. The stock currently has a consensus rating of "Buy" and a consensus price target of $100.64.
NASDAQ:PTC traded down $0.17 during mid-day trading on Friday, hitting $87.62. 776,767 shares of the company traded hands, compared to its average volume of 872,756. The stock's fifty day moving average price is $85.95 and its 200-day moving average price is $78.07. PTC has a one year low of $43.90 and a one year high of $97.67. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.85. The firm has a market cap of $10.17 billion, a price-to-earnings ratio of 116.83, a price-to-earnings-growth ratio of 1.52 and a beta of 1.20.
In related news, CEO James E. Heppelmann sold 15,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $86.28, for a total value of $1,294,200.00. Following the transaction, the chief executive officer now owns 622,572 shares of the company's stock, valued at $53,715,512.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Corinna Lathan sold 1,667 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $87.24, for a total value of $145,429.08. In the last three months, insiders sold 17,167 shares of company stock worth $1,480,822. 10.13% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in PTC. Signaturefd LLC lifted its holdings in shares of PTC by 25.7% during the 2nd quarter. Signaturefd LLC now owns 577 shares of the technology company's stock valued at $45,000 after purchasing an additional 118 shares during the last quarter. Glenmede Trust Co. NA purchased a new position in PTC in the 2nd quarter worth $55,000. tru Independence LLC purchased a new position in PTC in the 2nd quarter worth $57,000. Private Advisor Group LLC purchased a new position in PTC in the 2nd quarter worth $94,000. Finally, Cerebellum GP LLC purchased a new position in PTC in the 2nd quarter worth $128,000. 88.37% of the stock is currently owned by institutional investors and hedge funds.
PTC Company Profile
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 Creo, a suite of product design software that provides capabilities for design flexibility, advanced assembly design, piping and cabling design, advanced surfacing, comprehensive virtual prototyping, and other design functions; Windchill, a product lifecycle management software; ThingWorx, which includes cloud-based tools that allow customers to connect products and devices to the cloud; and Vuforia Studio, a cloud-based tool that enables industrial enterprises to author and publish augmented reality experiences.
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7 Stocks That Will Help You Forget About the Fed
Normally when the Federal Reserve (i.e. the Fed) makes an announcement, the market reacts predictably. That’s due, in large part, to the nature of what the Fed normally announces. Will interest rates go up, down, or remain unchanged? And for their part, the markets have a pretty good idea what the Fed will do before they do it.
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View the "7 Stocks That Will Help You Forget About the Fed".