PTC Inc. (PTC) Set to Announce Quarterly Earnings on Wednesday
PTC Inc. (NASDAQ:PTC) is scheduled to post its quarterly earnings results after the market closes on Wednesday, July 19th. Analysts expect PTC to post earnings of $0.28 per share for the quarter. PTC has set its Q3 guidance at $0.24-0.29 EPS and its FY17 guidance at $1.13-1.23 EPS.
PTC (NASDAQ:PTC) last released its quarterly earnings data on Wednesday, April 19th. The technology company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $280 million for the quarter, compared to the consensus estimate of $283.81 million. PTC had a positive return on equity of 7.22% and a negative net margin of 3.12%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.23 EPS. On average, analysts expect PTC to post $1.21 EPS for the current fiscal year and $1.58 EPS for the next fiscal year.
Shares of PTC Inc. (PTC) opened at 57.49 on Tuesday. The company has a 50 day moving average price of $56.65 and a 200-day moving average price of $53.28. PTC Inc. has a 12 month low of $38.26 and a 12 month high of $60.22. The firm’s market capitalization is $6.64 billion.
In other news, Director Robert Schechter sold 1,420 shares of the business’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $52.86, for a total transaction of $75,061.20. Following the completion of the transaction, the director now directly owns 65,954 shares in the company, valued at $3,486,328.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Staats Aaron C. Von sold 8,625 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $54.38, for a total value of $469,027.50. The disclosure for this sale can be found here. Insiders have sold 38,353 shares of company stock valued at $2,080,765 over the last ninety days. Corporate insiders own 1.02% of the company’s stock.
Several analysts recently weighed in on PTC shares. Royal Bank Of Canada boosted their price objective on PTC from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, March 24th. Zacks Investment Research lowered PTC from a “hold” rating to a “sell” rating in a report on Saturday, April 22nd. Pacific Crest boosted their price objective on PTC from $62.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, June 6th. Benchmark Co. started coverage on PTC in a report on Thursday, May 18th. They issued a “buy” rating and a $65.00 price objective for the company. Finally, Guggenheim reissued a “neutral” rating and issued a $50.00 price objective on shares of PTC in a report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $62.00.
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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