Brokerages expect that PTC Inc (NASDAQ:PTC) will report earnings per share (EPS) of $0.44 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for PTC’s earnings, with estimates ranging from $0.41 to $0.47. PTC posted earnings per share of $0.34 during the same quarter last year, which would indicate a positive year over year growth rate of 29.4%. The company is expected to report its next quarterly earnings results after the market closes on Wednesday, October 24th.

On average, analysts expect that PTC will report full year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.41 to $1.47. For the next fiscal year, analysts forecast that the firm will report earnings of $1.96 per share, with EPS estimates ranging from $1.85 to $2.06. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for PTC.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, July 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $314.78 million for the quarter, compared to analyst estimates of $312.95 million. PTC had a return on equity of 11.62% and a net margin of 4.55%. PTC’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share.

PTC has been the topic of a number of research analyst reports. BidaskClub raised PTC from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. Zacks Investment Research lowered PTC from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Berenberg Bank restated a “buy” rating and issued a $115.00 target price on shares of PTC in a report on Thursday, July 19th. Cowen started coverage on PTC in a report on Monday, July 9th. They issued an “outperform” rating and a $112.00 target price for the company. Finally, Mitsubishi UFJ Financial Group boosted their target price on PTC to $81.00 and gave the stock a “neutral” rating in a report on Thursday, July 19th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. PTC currently has an average rating of “Buy” and an average target price of $99.44.

In other PTC news, VP Staats Aaron C. Von sold 4,701 shares of PTC stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $97.06, for a total value of $456,279.06. Following the transaction, the vice president now directly owns 8,541 shares of the company’s stock, valued at approximately $828,989.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Andrew Miller sold 34,453 shares of PTC stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $92.16, for a total value of $3,175,188.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,983 shares of company stock worth $9,546,991. Company insiders own 1.19% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PTC. Millennium Management LLC increased its position in shares of PTC by 225.6% during the second quarter. Millennium Management LLC now owns 1,038,404 shares of the technology company’s stock valued at $97,413,000 after purchasing an additional 719,478 shares during the period. First Trust Advisors LP increased its holdings in shares of PTC by 1,157.4% in the second quarter. First Trust Advisors LP now owns 362,419 shares of the technology company’s stock worth $33,999,000 after acquiring an additional 333,595 shares in the last quarter. BlackRock Inc. increased its holdings in shares of PTC by 2.5% in the second quarter. BlackRock Inc. now owns 10,657,911 shares of the technology company’s stock worth $999,819,000 after acquiring an additional 260,827 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of PTC by 15.9% in the first quarter. Allianz Asset Management GmbH now owns 1,711,085 shares of the technology company’s stock worth $133,482,000 after acquiring an additional 234,656 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in shares of PTC in the second quarter worth about $766,000. Institutional investors and hedge funds own 94.39% of the company’s stock.

NASDAQ:PTC opened at $97.56 on Monday. The stock has a market cap of $12.51 billion, a P/E ratio of 131.84, a PEG ratio of 3.31 and a beta of 1.24. PTC has a 52-week low of $59.40 and a 52-week high of $107.44. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.83.

PTC Company Profile

PTC Inc develops and delivers software products and solutions worldwide. It operates through three segments: IoT Group, Solutions Group, and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things (IoT) applications and augmented reality (AR) experiences; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

Further Reading: Short Selling Stocks and Day Traders

Get a free copy of the Zacks research report on PTC (PTC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for PTC (NASDAQ:PTC)

Receive News & Ratings for PTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC and related companies with MarketBeat.com's FREE daily email newsletter.