Analysts Expect PTC Inc. (PTC) to Post $0.17 EPS

Brokerages forecast that PTC Inc. (NASDAQ:PTC) will announce earnings of $0.17 per share for the current quarter, according to Zacks. Six analysts have issued estimates for PTC’s earnings. The lowest EPS estimate is $0.14 and the highest is $0.19. PTC posted earnings per share of $0.19 during the same quarter last year, which suggests a negative year over year growth rate of 10.5%. The business is expected to report its next quarterly earnings report on Wednesday, July 19th.

According to Zacks, analysts expect that PTC will report full year earnings of $0.66 per share for the current financial year, with EPS estimates ranging from $0.61 to $0.71. For the next year, analysts expect that the company will post earnings of $1.08 per share, with EPS estimates ranging from $0.85 to $1.28. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow PTC.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, April 19th. The technology company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The firm had revenue of $280 million for the quarter, compared to analysts’ expectations of $283.81 million. PTC had a negative net margin of 3.12% and a positive return on equity of 7.22%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share.

Several research firms recently commented on PTC. Evercore ISI set a $65.00 price target on PTC and gave the stock a “buy” rating in a research report on Saturday, March 25th. Pacific Crest boosted their price target on PTC from $62.00 to $67.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 6th. Griffin Securities boosted their price target on PTC from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, April 20th. Benchmark Co. began coverage on PTC in a research report on Thursday, May 18th. They set a “buy” rating and a $65.00 price target on the stock. Finally, Guggenheim reissued a “neutral” rating and set a $50.00 price target on shares of PTC in a research report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. PTC presently has an average rating of “Buy” and an average target price of $61.73.

Shares of PTC (NASDAQ:PTC) traded down 1.06% during mid-day trading on Thursday, reaching $56.82. 629,081 shares of the company traded hands. The firm’s 50 day moving average price is $55.90 and its 200-day moving average price is $52.79. The company’s market capitalization is $6.56 billion. PTC has a 52-week low of $34.68 and a 52-week high of $60.15.

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In other PTC news, Director Robert Schechter sold 1,420 shares of the company’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $52.86, for a total value of $75,061.20. Following the transaction, the director now directly owns 65,954 shares of the company’s stock, valued at approximately $3,486,328.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Staats Aaron C. Von sold 8,625 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $54.38, for a total value of $469,027.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,353 shares of company stock worth $2,080,765. 1.02% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of PTC by 10,192.0% in the first quarter. BlackRock Inc. now owns 10,303,522 shares of the technology company’s stock worth $541,450,000 after buying an additional 10,203,410 shares during the last quarter. FMR LLC raised its position in shares of PTC by 115.0% in the first quarter. FMR LLC now owns 5,150,179 shares of the technology company’s stock worth $270,642,000 after buying an additional 2,755,079 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of PTC during the first quarter worth about $130,787,000. Thornburg Investment Management Inc. acquired a new position in shares of PTC during the first quarter worth about $109,170,000. Finally, UBS Asset Management Americas Inc. raised its position in shares of PTC by 1,572.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,457,367 shares of the technology company’s stock worth $67,431,000 after buying an additional 1,370,223 shares during the last quarter. 96.40% of the stock is currently owned by institutional investors.

About PTC

PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.

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