PTC Inc. (NASDAQ:PTC) is set to issue its quarterly earnings data after the market closes on Wednesday, July 19th. Analysts expect the company to announce 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 earnings results on Wednesday, April 19th. The technology company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. PTC had a positive return on equity of 7.22% and a negative net margin of 3.12%. The business had revenue of $280 million for the quarter, compared to analyst estimates of $283.81 million. During the same quarter last year, the firm posted $0.23 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. 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. (NASDAQ:PTC) opened at 57.49 on Tuesday. PTC Inc. has a 1-year low of $38.26 and a 1-year high of $60.22. The stock’s market cap is $6.64 billion. The firm has a 50-day moving average price of $56.65 and a 200-day moving average price of $53.28.
In other PTC news, Director Robert Schechter sold 1,420 shares of the company’s stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $52.86, for a total transaction of $75,061.20. Following the sale, the director now owns 65,954 shares in the company, valued at approximately $3,486,328.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Anthony Dibona sold 3,308 shares of the company’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $53.56, for a total value of $177,176.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,353 shares of company stock worth $2,080,765. 1.02% of the stock is owned by company insiders.
Several brokerages have recently commented on PTC. Goldman Sachs Group, Inc. (The) began coverage on PTC in a research note on Monday. They issued a “neutral” rating and a $62.00 price target on the stock. Pacific Crest upped their price target on PTC from $62.00 to $67.00 and gave the company an “overweight” rating in a research note on Tuesday, June 6th. Benchmark Co. began coverage on PTC in a research note on Thursday, May 18th. They issued a “buy” rating and a $65.00 price target on the stock. Robert W. Baird began coverage on PTC in a research note on Wednesday, May 10th. They issued an “outperform” rating and a $65.00 price target on the stock. Finally, Zacks Investment Research lowered PTC from a “hold” rating to a “sell” rating in a research note on Saturday, April 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $62.00.
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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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