PTC (PTC) Set to Announce Quarterly Earnings on Wednesday

PTC (NASDAQ:PTC) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.23 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

PTC (NASDAQ:PTC) last announced its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. PTC had a return on equity of 12.87% and a net margin of 10.86%. The company had revenue of $550.21 million during the quarter, compared to analyst estimates of $538.59 million. On average, analysts expect PTC to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

PTC Trading Up 1.1 %

PTC stock opened at $180.44 on Wednesday. PTC has a fifty-two week low of $120.62 and a fifty-two week high of $194.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a fifty day moving average price of $183.54 and a 200 day moving average price of $169.62. The firm has a market cap of $21.57 billion, a PE ratio of 91.59, a price-to-earnings-growth ratio of 3.15 and a beta of 1.17.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Oppenheimer raised their price target on PTC from $190.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Barclays raised their target price on shares of PTC from $198.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. KeyCorp increased their price objective on shares of PTC from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Mizuho boosted their price target on PTC from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, Piper Sandler boosted their target price on PTC from $155.00 to $177.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, PTC has a consensus rating of “Moderate Buy” and an average target price of $196.73.

Insider Activity

In related news, CEO James E. Heppelmann sold 35,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $177.24, for a total transaction of $6,203,400.00. Following the completion of the sale, the chief executive officer now directly owns 968,357 shares of the company’s stock, valued at approximately $171,631,594.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Catherine Kniker sold 1,330 shares of PTC stock in a transaction on Monday, February 12th. The stock was sold at an average price of $179.59, for a total value of $238,854.70. Following the completion of the sale, the insider now directly owns 13,864 shares of the company’s stock, valued at $2,489,835.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James E. Heppelmann sold 35,000 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $177.24, for a total value of $6,203,400.00. Following the transaction, the chief executive officer now directly owns 968,357 shares in the company, valued at approximately $171,631,594.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,415 shares of company stock valued at $6,457,478. 1.17% of the stock is currently owned by insiders.

PTC Company Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.