Zacks: Brokerages Expect PTC Inc. (NASDAQ:PTC) Will Announce Earnings of $0.64 Per Share

Brokerages predict that PTC Inc. (NASDAQ:PTC) will announce earnings per share (EPS) of $0.64 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for PTC’s earnings. The lowest EPS estimate is $0.60 and the highest is $0.67. PTC posted earnings of $0.62 per share in the same quarter last year, which would indicate a positive year over year growth rate of 3.2%. The business is scheduled to report its next earnings report on Wednesday, August 4th.

On average, analysts expect that PTC will report full-year earnings of $3.28 per share for the current financial year, with EPS estimates ranging from $3.15 to $3.38. For the next year, analysts expect that the firm will report earnings of $3.86 per share, with EPS estimates ranging from $3.61 to $4.11. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for PTC.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, April 28th. The technology company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.38. The company had revenue of $461.79 million for the quarter, compared to analysts’ expectations of $416.01 million. PTC had a net margin of 8.96% and a return on equity of 16.53%. PTC’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS.

PTC has been the topic of a number of research reports. Zacks Investment Research upgraded shares of PTC from a “sell” rating to a “hold” rating and set a $137.00 price target on the stock in a research note on Monday, January 25th. TheStreet upgraded shares of PTC from a “c+” rating to a “b+” rating in a research note on Wednesday, April 28th. Mizuho upped their price target on shares of PTC from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, April 16th. Barclays upped their price target on shares of PTC from $145.00 to $161.00 and gave the company an “overweight” rating in a research note on Thursday, April 22nd. Finally, Royal Bank of Canada upped their price target on shares of PTC from $145.00 to $165.00 and gave the company an “outperform” rating in a research note on Monday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $121.63.

PTC traded up $3.62 on Monday, reaching $129.01. The company had a trading volume of 741,724 shares, compared to its average volume of 1,015,252. PTC has a fifty-two week low of $64.10 and a fifty-two week high of $149.50. The stock has a market cap of $15.08 billion, a P/E ratio of 114.17, a P/E/G ratio of 5.19 and a beta of 1.33. The company’s fifty day moving average is $139.30 and its 200 day moving average is $125.32. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.22 and a current ratio of 1.22.

In other news, Director Corinna Lathan sold 1,146 shares of the company’s stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $139.12, for a total transaction of $159,431.52. Also, EVP Michael Ditullio sold 5,372 shares of the company’s stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $147.83, for a total transaction of $794,142.76. Following the sale, the executive vice president now directly owns 36,376 shares of the company’s stock, valued at approximately $5,377,464.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,018 shares of company stock valued at $1,023,232. 10.02% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of PTC. Strs Ohio lifted its stake in PTC by 9.8% in the 3rd quarter. Strs Ohio now owns 17,434 shares of the technology company’s stock valued at $1,442,000 after purchasing an additional 1,561 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in PTC by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 26,200 shares of the technology company’s stock valued at $3,134,000 after purchasing an additional 100 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in PTC by 133.6% in the 4th quarter. DAVENPORT & Co LLC now owns 15,476 shares of the technology company’s stock valued at $1,851,000 after purchasing an additional 8,850 shares during the last quarter. Redpoint Investment Management Pty Ltd bought a new position in PTC in the 4th quarter valued at approximately $228,000. Finally, IFM Investors Pty Ltd raised its stake in shares of PTC by 15.0% during the fourth quarter. IFM Investors Pty Ltd now owns 10,467 shares of the technology company’s stock valued at $1,252,000 after acquiring an additional 1,364 shares during the last quarter. 83.96% of the stock is 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 ThingWorx, an IIoT platform that enables customers to address digital transformation of their operations, products, and services; ThingWorx Solution Central, a centralized portal in the cloud that allows users of ThingWorx to discover, deploy, and manage ThingWorx applications; and ThingWorx Kepware, which enables users to connect, manage, monitor, and control disparate devices and software applications.

Further Reading: What is Elliott Wave theory?

Get a free copy of the Zacks research report on PTC (PTC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for PTC (NASDAQ:PTC)

Receive News & Ratings for PTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC and related companies with MarketBeat.com's FREE daily email newsletter.