Parametric (PMTC) Releases FY13 Earnings Guidance
Parametric (PMTC) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.70-1.80 for the period. Parametric also updated its Q1 guidance to $0.30-0.35 EPS.
Shares of Parametric (PMTC) traded down 1.70% during mid-day trading on Wednesday, hitting $20.18. Parametric (PMTC) has a 52 week low of $17.62 and a 52 week high of $28.95. The company has a market cap of $2.396 billion and a P/E ratio of 28.51.
Parametric last announced its earnings results on Wednesday, October 31st. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.02. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts predict that Parametric (PMTC) will post $1.50 earnings per share for the current fiscal year.
A number of research firms have also recently commented on PMTC. Analysts at Jefferies Group reiterated a hold rating on shares of Parametric in a research note to investors on Thursday, October 4th. Analysts at Wedbush initiated coverage on shares of Parametric in a research note to investors on Thursday, September 13th. They set an outperform rating and a $28.00 price target on the stock.
Parametric Technology Corporation (PTC) develops, markets and supports product lifecycle management software solutions and related services that help companies design products, manage product information and improve their product development processes.
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