Brokerages Anticipate PTC Inc (PTC) to Announce $0.31 EPS

Brokerages forecast that PTC Inc (NASDAQ:PTC) will post $0.31 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for PTC’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.33. PTC reported earnings of $0.30 per share during the same quarter last year, which would suggest a positive year over year growth rate of 3.3%. The business is expected to announce its next quarterly earnings results after the market closes on Wednesday, April 18th.

On average, analysts expect that PTC will report full-year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $1.33 to $1.43. For the next year, analysts expect that the business will report earnings of $1.92 per share, with EPS estimates ranging from $1.59 to $2.06. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover PTC.

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PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, January 17th. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. PTC had a return on equity of 9.29% and a net margin of 2.47%. The company had revenue of $306.44 million for the quarter, compared to analysts’ expectations of $300.17 million. During the same period in the prior year, the firm earned $0.26 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year.

A number of research analysts have commented on PTC shares. BidaskClub upgraded PTC from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Seaport Global Securities reaffirmed a “buy” rating and set a $83.00 price objective on shares of PTC in a research report on Friday, January 19th. Citigroup upped their price objective on PTC to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Evercore ISI reaffirmed a “buy” rating and set a $85.00 price objective on shares of PTC in a research report on Thursday, January 18th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $68.00 price objective on shares of PTC in a research report on Thursday, January 4th. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $74.13.

NASDAQ:PTC traded up $0.98 during trading hours on Monday, reaching $81.43. 740,242 shares of the stock were exchanged, compared to its average volume of 951,126. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.84. PTC has a twelve month low of $51.02 and a twelve month high of $81.97. The stock has a market capitalization of $9,355.08, a price-to-earnings ratio of 110.04, a price-to-earnings-growth ratio of 2.88 and a beta of 1.33.

In related news, insider James E. Heppelmann sold 25,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $72.34, for a total value of $1,808,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Anthony Dibona sold 5,464 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $73.97, for a total value of $404,172.08. Following the completion of the transaction, the executive vice president now directly owns 36,317 shares in the company, valued at approximately $2,686,368.49. The disclosure for this sale can be found here. Insiders sold 37,964 shares of company stock worth $2,765,872 in the last three months. 1.19% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of PTC. Cerebellum GP LLC purchased a new position in PTC in the fourth quarter valued at $128,000. ING Groep NV purchased a new position in PTC in the fourth quarter valued at $203,000. US Bancorp DE increased its holdings in PTC by 29.5% in the fourth quarter. US Bancorp DE now owns 3,813 shares of the technology company’s stock valued at $233,000 after buying an additional 868 shares during the last quarter. Cetera Advisor Networks LLC purchased a new position in PTC in the fourth quarter valued at $258,000. Finally, Dynamic Capital Management Ltd purchased a new position in PTC in the fourth quarter valued at $287,000.

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PTC Company Profile

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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