PTC (PTC) to Release Earnings on Wednesday

PTC (NASDAQ:PTC – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Wednesday, February 1st. Analysts expect PTC to post earnings of $1.01 per share for the quarter. PTC has set its FY 2023 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

PTC (NASDAQ:PTC – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The technology company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. PTC had a return on equity of 18.58% and a net margin of 16.19%. The company had revenue of $507.93 million during the quarter, compared to analyst estimates of $498.19 million. On average, analysts expect PTC to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

PTC Stock Performance

Shares of PTC stock opened at $133.62 on Wednesday. The stock has a fifty day moving average of $124.69 and a 200 day moving average of $118.49. PTC has a 52 week low of $96.55 and a 52 week high of $135.10. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of 50.42, a PEG ratio of 2.58 and a beta of 1.17. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.59.

Wall Street Analyst Weigh In

PTC has been the subject of several recent research reports. StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research report on Friday, November 4th. Rosenblatt Securities raised their price objective on PTC from $138.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, January 5th. Robert W. Baird raised their price objective on PTC to $150.00 in a research report on Wednesday, December 14th. Barclays lowered their price objective on PTC from $148.00 to $144.00 and set an “overweight” rating for the company in a research report on Wednesday, January 11th. Finally, Royal Bank of Canada raised their price objective on PTC from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, November 3rd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $144.89.

Insider Buying and Selling at PTC

In related news, CEO James E. Heppelmann sold 34,250 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $130.15, for a total transaction of $4,457,637.50. Following the completion of the transaction, the chief executive officer now directly owns 930,667 shares in the company, valued at approximately $121,126,310.05. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Catherine Kniker sold 2,611 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $130.42, for a total transaction of $340,526.62. Following the sale, the insider now directly owns 10,472 shares of the company’s stock, valued at approximately $1,365,758.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James E. Heppelmann sold 34,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $130.15, for a total value of $4,457,637.50. Following the sale, the chief executive officer now directly owns 930,667 shares in the company, valued at $121,126,310.05. The disclosure for this sale can be found here. Insiders sold a total of 483,788 shares of company stock worth $59,367,463 in the last three months. 8.26% of the stock is currently owned by company insiders.

Institutional Trading of PTC

Hedge funds have recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new position in shares of PTC during the 1st quarter valued at approximately $50,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of PTC during the 1st quarter valued at approximately $110,000. Covestor Ltd increased its position in shares of PTC by 137.8% during the 1st quarter. Covestor Ltd now owns 1,146 shares of the technology company’s stock valued at $123,000 after purchasing an additional 664 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of PTC during the 2nd quarter valued at approximately $210,000. Finally, Captrust Financial Advisors increased its position in shares of PTC by 21.9% during the 3rd quarter. Captrust Financial Advisors now owns 2,079 shares of the technology company’s stock valued at $217,000 after purchasing an additional 374 shares during the last quarter. 86.79% of the stock is owned by hedge funds and other institutional investors.

PTC Company Profile

(Get Rating)

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx platform, which offers end-to-end capabilities to enable digital transformation; and Vuforia, which enables the creation of AR.