Zacks: Analysts Expect PTC Inc (NASDAQ:PTC) Will Announce Earnings of $0.45 Per Share

Equities research analysts expect that PTC Inc (NASDAQ:PTC) will announce earnings of $0.45 per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for PTC’s earnings, with estimates ranging from $0.42 to $0.48. PTC also posted earnings of $0.45 per share in the same quarter last year. The firm is scheduled to report its next earnings report on Wednesday, October 23rd.

On average, analysts expect that PTC will report full-year earnings of $1.76 per share for the current year, with EPS estimates ranging from $1.72 to $1.82. For the next year, analysts anticipate that the firm will post earnings of $2.40 per share, with EPS estimates ranging from $2.09 to $2.58. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow PTC.

PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.18. PTC had a net margin of 2.63% and a return on equity of 10.44%. The company had revenue of $322.40 million during the quarter, compared to analyst estimates of $322.42 million. During the same period in the prior year, the firm earned $0.36 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year.

Several research firms have commented on PTC. Citigroup set a $89.00 price objective on shares of PTC and gave the company a “hold” rating in a report on Friday, July 26th. Stifel Nicolaus downgraded shares of PTC from a “buy” rating to a “hold” rating and cut their price objective for the company from $105.00 to $84.00 in a report on Thursday, July 25th. Wedbush cut their price objective on shares of PTC from $90.00 to $71.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Royal Bank of Canada downgraded shares of PTC from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $110.00 to $85.00 in a report on Thursday, July 25th. Finally, BidaskClub downgraded shares of PTC from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $93.13.

In other news, EVP Staats Aaron C. Von sold 3,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $73.33, for a total transaction of $219,990.00. Following the transaction, the executive vice president now owns 14,154 shares in the company, valued at approximately $1,037,912.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Donald K. Grierson sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $67.57, for a total value of $337,850.00. Following the transaction, the director now owns 49,797 shares in the company, valued at approximately $3,364,783.29. The disclosure for this sale can be found here. Insiders have sold a total of 18,950 shares of company stock worth $1,536,636 in the last ninety days. Corporate insiders own 9.91% of the company’s stock.

Several large investors have recently made changes to their positions in PTC. BlackRock Inc. lifted its holdings in PTC by 6.0% in the 2nd quarter. BlackRock Inc. now owns 13,287,737 shares of the technology company’s stock valued at $1,192,707,000 after purchasing an additional 751,495 shares in the last quarter. OZ Management LP boosted its stake in shares of PTC by 23.2% in the 1st quarter. OZ Management LP now owns 2,586,970 shares of the technology company’s stock valued at $238,467,000 after buying an additional 487,739 shares during the period. Marshall Wace North America L.P. lifted its stake in PTC by 36.2% during the second quarter. Marshall Wace North America L.P. now owns 1,995,589 shares of the technology company’s stock worth $179,124,000 after purchasing an additional 530,204 shares during the last quarter. Impax Asset Management Group plc lifted its stake in PTC by 11.6% during the second quarter. Impax Asset Management Group plc now owns 1,665,973 shares of the technology company’s stock worth $149,538,000 after purchasing an additional 173,600 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in PTC by 3.1% during the first quarter. Lazard Asset Management LLC now owns 1,517,070 shares of the technology company’s stock worth $139,843,000 after purchasing an additional 46,070 shares during the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Shares of PTC stock traded up $1.52 during mid-day trading on Friday, hitting $65.23. 31,584 shares of the stock traded hands, compared to its average volume of 1,998,837. The stock has a market cap of $7.58 billion, a P/E ratio of 72.54, a P/E/G ratio of 1.96 and a beta of 1.15. The stock’s fifty day moving average is $80.36 and its two-hundred day moving average is $87.66. PTC has a 52-week low of $62.05 and a 52-week high of $107.44. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.25 and a quick ratio of 1.32.

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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