PTC (PTC) to Release Earnings on Wednesday

PTC (NASDAQ:PTC) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect PTC to post earnings of $1.23 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $550.21 million during the quarter, compared to analyst estimates of $538.59 million. PTC had a net margin of 10.86% and a return on equity of 12.87%. On average, analysts expect PTC to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

PTC Trading Up 0.6 %

Shares of PTC opened at $180.99 on Monday. The firm has a market cap of $21.64 billion, a price-to-earnings ratio of 91.87, a PEG ratio of 3.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. PTC has a fifty-two week low of $120.62 and a fifty-two week high of $194.24. The firm has a 50 day moving average price of $183.55 and a 200-day moving average price of $170.44.

Insiders Place Their Bets

In other news, insider Catherine Kniker sold 1,330 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the transaction, the insider now owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO James E. Heppelmann sold 35,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the sale, the chief executive officer now owns 968,357 shares of the company’s stock, valued at $171,631,594.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Catherine Kniker sold 1,330 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $179.59, for a total transaction of $238,854.70. Following the transaction, the insider now directly owns 13,864 shares of the company’s stock, valued at approximately $2,489,835.76. The disclosure for this sale can be found here. Insiders sold 36,415 shares of company stock worth $6,457,478 over the last three months. Company insiders own 1.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PTC. BMO Capital Markets boosted their price objective on shares of PTC from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. StockNews.com lowered shares of PTC from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $202.00 target price on shares of PTC in a research note on Thursday, February 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $195.00 target price on shares of PTC in a research note on Friday, April 12th. Finally, Oppenheimer lifted their target price on shares of PTC from $190.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, PTC has an average rating of “Moderate Buy” and an average price target of $202.40.

PTC Company Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.