PTC (PTC) Set to Announce Earnings on Wednesday

PTC (NASDAQ:PTCGet Free Report) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.43 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

PTC (NASDAQ:PTCGet Free Report) last announced its earnings results on Wednesday, July 31st. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $518.64 million for the quarter, compared to analyst estimates of $533.04 million. PTC had a return on equity of 13.36% and a net margin of 13.32%. On average, analysts expect PTC to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

PTC Price Performance

Shares of NASDAQ PTC opened at $189.35 on Wednesday. PTC has a fifty-two week low of $135.16 and a fifty-two week high of $194.24. The company has a market cap of $22.75 billion, a PE ratio of 77.29, a P/E/G ratio of 2.75 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. The business has a 50-day simple moving average of $177.98 and a two-hundred day simple moving average of $177.66.

Insiders Place Their Bets

In other news, Director Robert Schechter sold 5,000 shares of PTC stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $171.73, for a total transaction of $858,650.00. Following the completion of the transaction, the director now directly owns 59,616 shares of the company’s stock, valued at $10,237,855.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robert Schechter sold 5,000 shares of PTC stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $171.73, for a total value of $858,650.00. Following the completion of the transaction, the director now owns 59,616 shares in the company, valued at $10,237,855.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Staats Aaron C. Von sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $170.00, for a total value of $170,000.00. Following the transaction, the executive vice president now owns 13,902 shares in the company, valued at $2,363,340. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,000 shares of company stock worth $1,714,010. Corporate insiders own 1.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $195.00 price target on shares of PTC in a report on Thursday, October 10th. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Robert W. Baird increased their price objective on PTC from $216.00 to $226.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $202.00 target price on shares of PTC in a report on Thursday, August 1st. Finally, Piper Sandler increased their price target on shares of PTC from $177.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.09.

View Our Latest Stock Analysis on PTC

PTC Company Profile

(Get Free Report)

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.

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Earnings History for PTC (NASDAQ:PTC)

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