$0.34 Earnings Per Share Expected for PTC Inc (PTC) This Quarter

Wall Street analysts predict that PTC Inc (NASDAQ:PTC) will post earnings per share of $0.34 for the current quarter, Zacks reports. Six analysts have made estimates for PTC’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.33. PTC also reported earnings per share of $0.34 in the same quarter last year. The company is expected to issue its next earnings report after the market closes on Wednesday, April 24th.

According to Zacks, analysts expect that PTC will report full year earnings of $1.81 per share for the current financial year, with EPS estimates ranging from $1.76 to $1.89. For the next financial year, analysts forecast that the firm will post earnings of $2.54 per share, with EPS estimates ranging from $2.38 to $2.82. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for PTC.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, January 23rd. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.15. The company had revenue of $334.96 million during the quarter, compared to analysts’ expectations of $324.70 million. PTC had a net margin of 4.65% and a return on equity of 12.70%. PTC’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share.

A number of research analysts recently commented on PTC shares. Mizuho started coverage on PTC in a research note on Thursday, April 11th. They issued a “buy” rating and a $120.00 price target for the company. BidaskClub raised PTC from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Zacks Investment Research upgraded PTC from a “hold” rating to a “strong-buy” rating and set a $109.00 price target on the stock in a report on Friday, April 12th. KeyCorp began coverage on PTC in a report on Wednesday, April 10th. They set an “overweight” rating and a $111.00 price target on the stock. Finally, TheStreet upgraded PTC from a “c+” rating to a “b-” rating in a report on Monday, February 25th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $106.50.

In other news, insider James E. Heppelmann sold 85,740 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $84.86, for a total transaction of $7,275,896.40. Following the completion of the sale, the insider now directly owns 679,391 shares of the company’s stock, valued at approximately $57,653,120.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Matthew Lessner Cohen sold 15,000 shares of the firm’s stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $86.56, for a total value of $1,298,400.00. Following the sale, the executive vice president now directly owns 47,934 shares of the company’s stock, valued at $4,149,167.04. The disclosure for this sale can be found here. Insiders sold 154,127 shares of company stock worth $13,548,383 over the last quarter. 9.91% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of PTC. Oregon Public Employees Retirement Fund grew its stake in shares of PTC by 8,190.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,497,800 shares of the technology company’s stock worth $42,000 after acquiring an additional 3,455,607 shares during the period. Norges Bank bought a new position in shares of PTC during the 4th quarter worth $197,240,000. BlackRock Inc. boosted its stake in PTC by 10.1% in the 4th quarter. BlackRock Inc. now owns 11,472,093 shares of the technology company’s stock worth $951,035,000 after purchasing an additional 1,055,829 shares during the period. Neuberger Berman Group LLC boosted its stake in PTC by 22,755.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 760,863 shares of the technology company’s stock worth $80,796,000 after purchasing an additional 757,534 shares during the period. Finally, American Century Companies Inc. boosted its stake in PTC by 49.3% in the 4th quarter. American Century Companies Inc. now owns 942,970 shares of the technology company’s stock worth $78,172,000 after purchasing an additional 311,508 shares during the period. Institutional investors own 91.82% of the company’s stock.

Shares of PTC stock opened at $97.60 on Friday. The stock has a market capitalization of $11.58 billion, a PE ratio of 108.44, a price-to-earnings-growth ratio of 2.60 and a beta of 1.25. PTC has a 52-week low of $76.67 and a 52-week high of $107.44. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.48 and a quick ratio of 1.48.

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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