PTC (PTC) to Release Earnings on Wednesday

Share on StockTwits

PTC (NASDAQ:PTC) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 23rd. Analysts expect PTC to post earnings of $0.27 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

PTC (NASDAQ:PTC) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.18. PTC had a return on equity of 10.44% and a net margin of 2.63%. The company had revenue of $322.40 million for the quarter, compared to analysts’ expectations of $322.42 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. On average, analysts expect PTC to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of PTC stock opened at $64.38 on Monday. PTC has a 12-month low of $62.05 and a 12-month high of $102.47. The stock has a market cap of $7.42 billion, a P/E ratio of 71.53 and a beta of 1.14. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $65.96 and its 200-day moving average is $79.93.

In related news, EVP Matthew Lessner Cohen sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $90.00, for a total transaction of $900,000.00. Following the transaction, the executive vice president now directly owns 25,672 shares of the company’s stock, valued at approximately $2,310,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donald K. Grierson sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $67.57, for a total value of $337,850.00. Following the transaction, the director now directly owns 49,797 shares in the company, valued at $3,364,783.29. The disclosure for this sale can be found here. Insiders have sold a total of 19,593 shares of company stock worth $1,564,217 over the last three months. 9.91% of the stock is owned by insiders.

A number of brokerages have recently issued reports on PTC. Mizuho dropped their price objective on PTC from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Evercore ISI set a $104.00 price objective on PTC and gave the stock a “buy” rating in a research note on Wednesday, August 21st. BidaskClub upgraded PTC from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Guggenheim cut PTC from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus cut PTC from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $105.00 to $84.00 in a research note on Thursday, July 25th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $90.06.

PTC Company Profile

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.

See Also: What is included in the gross domestic product?

Earnings History 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.