PTC (NASDAQ:PTC) Updates FY 2020 After-Hours Earnings Guidance

PTC (NASDAQ:PTC) updated its FY 2020
After-Hours earnings guidance on Wednesday. The company provided EPS guidance of 2.15-2.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.17. The company issued revenue guidance of $1.445-1.525 billion, compared to the consensus revenue estimate of $1.46 billion.

Shares of NASDAQ PTC traded up $1.08 during mid-day trading on Wednesday, reaching $79.95. The company’s stock had a trading volume of 1,068,457 shares, compared to its average volume of 659,647. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.23 and a quick ratio of 1.23. PTC has a 52 week low of $62.05 and a 52 week high of $102.47. The stock has a fifty day moving average of $76.00 and a two-hundred day moving average of $72.50. The firm has a market capitalization of $9.26 billion, a PE ratio of 307.50 and a beta of 1.14.

PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.18. PTC had a return on equity of 12.23% and a net margin of 2.33%. The company had revenue of $335.00 million for the quarter, compared to the consensus estimate of $333.86 million. During the same quarter last year, the company earned $0.45 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts anticipate that PTC will post 1.32 EPS for the current fiscal year.

Several research firms have recently commented on PTC. Evercore ISI reissued a buy rating and issued a $104.00 target price on shares of PTC in a report on Sunday, November 24th. Rosenblatt Securities reaffirmed a buy rating and set a $83.00 target price on shares of PTC in a research note on Tuesday, November 26th. Citigroup cut their target price on shares of PTC from $89.00 to $75.00 and set a neutral rating for the company in a research note on Wednesday, October 2nd. BidaskClub upgraded shares of PTC from a hold rating to a buy rating in a report on Saturday. Finally, ValuEngine upgraded shares of PTC from a buy rating to a strong-buy rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $88.13.

In other news, CEO James E. Heppelmann sold 25,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $74.65, for a total value of $1,866,250.00. Also, EVP Kathleen Mitford sold 613 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $73.39, for a total value of $44,988.07. Following the completion of the sale, the executive vice president now owns 20,932 shares in the company, valued at $1,536,199.48. The disclosure for this sale can be found here. In the last three months, insiders sold 26,303 shares of company stock worth $1,962,313. Insiders own 10.13% of the company’s stock.

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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