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.
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.
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