$0.35 Earnings Per Share Expected for PTC Inc (NASDAQ:PTC) This Quarter

Wall Street brokerages expect PTC Inc (NASDAQ:PTC) to report earnings per share (EPS) of $0.35 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for PTC’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.36. PTC posted earnings of $0.36 per share in the same quarter last year, which suggests a negative year over year growth rate of 2.8%. The business is scheduled to issue its next quarterly earnings report on Wednesday, July 17th.

On average, analysts expect that PTC will report full-year earnings of $1.79 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.82. For the next financial year, analysts forecast that the firm will post earnings of $2.50 per share, with EPS estimates ranging from $2.30 to $2.59. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow PTC.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.03. PTC had a net margin of 3.06% and a return on equity of 11.68%. The firm had revenue of $315.50 million during the quarter, compared to analyst estimates of $312.29 million. During the same quarter in the prior year, the business posted $0.34 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year.

Several analysts have weighed in on PTC shares. BidaskClub cut shares of PTC from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Evercore ISI reaffirmed a “buy” rating and set a $110.00 price objective on shares of PTC in a research note on Monday, March 11th. KeyCorp started coverage on shares of PTC in a research note on Wednesday, April 10th. They set an “overweight” rating and a $111.00 price objective on the stock. Mizuho started coverage on shares of PTC in a research note on Thursday, April 11th. They set a “buy” rating and a $120.00 price objective on the stock. Finally, Zacks Investment Research raised shares of PTC from a “hold” rating to a “strong-buy” rating and set a $109.00 price objective on the stock in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $102.71.

Shares of PTC stock opened at $89.76 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $10.33 billion, a PE ratio of 99.73, a price-to-earnings-growth ratio of 2.57 and a beta of 1.21. PTC has a 1-year low of $76.67 and a 1-year high of $107.44. The business’s 50-day moving average price is $86.58.

In other news, insider James E. Heppelmann sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $89.02, for a total transaction of $1,335,300.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 16,050 shares of company stock worth $1,430,916 over the last three months. 9.91% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cleararc Capital Inc. acquired a new position in PTC in the first quarter valued at approximately $252,000. Marshall Wace North America L.P. lifted its holdings in PTC by 13.9% in the first quarter. Marshall Wace North America L.P. now owns 1,465,385 shares of the technology company’s stock valued at $135,079,000 after buying an additional 179,090 shares during the period. Marshall Wace LLP raised its holdings in PTC by 145.1% in the first quarter. Marshall Wace LLP now owns 652,577 shares of the technology company’s stock worth $60,155,000 after purchasing an additional 386,364 shares during the period. Fort L.P. raised its holdings in PTC by 27.5% in the first quarter. Fort L.P. now owns 15,181 shares of the technology company’s stock worth $1,399,000 after purchasing an additional 3,277 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in PTC by 3.1% in the first quarter. Lazard Asset Management LLC now owns 1,517,070 shares of the technology company’s stock worth $139,843,000 after purchasing an additional 46,070 shares during the period. Institutional investors and hedge funds own 92.50% of the company’s stock.

About PTC

PTC Inc operates as software and services company in Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things applications; and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software applications.

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Earnings History and Estimates for PTC (NASDAQ:PTC)

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