Brokers Set Expectations for PTC Inc’s Q1 2020 Earnings (NASDAQ:PTC)

PTC Inc (NASDAQ:PTC) – Equities researchers at Griffin Securities decreased their Q1 2020 earnings per share (EPS) estimates for PTC in a research note issued to investors on Thursday, July 25th. Griffin Securities analyst J. Vleeschhouwer now forecasts that the technology company will earn $0.32 per share for the quarter, down from their previous forecast of $0.36. Griffin Securities has a “Neutral” rating on the stock. Griffin Securities also issued estimates for PTC’s Q2 2020 earnings at $0.37 EPS, Q3 2020 earnings at $0.41 EPS, Q4 2020 earnings at $0.48 EPS and FY2020 earnings at $1.59 EPS.

PTC (NASDAQ:PTC) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.18. PTC had a net margin of 2.63% and a return on equity of 11.18%. The firm had revenue of $322.40 million for the quarter, compared to analyst estimates of $322.42 million. During the same quarter last year, the business earned $0.36 earnings per share. PTC’s revenue was up 2.3% compared to the same quarter last year.

A number of other brokerages have also weighed in on PTC. Evercore ISI reiterated a “hold” rating and issued a $70.00 price target on shares of Akamai Technologies in a report on Thursday, June 13th. Guggenheim lowered shares of PTC from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Bank of America lowered shares of TAL Education Group from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Citigroup set a $180.00 price target on shares of Deckers Outdoor and gave the company a “hold” rating in a report on Friday, July 26th. Finally, Mizuho lifted their price target on shares of Facebook from $230.00 to $247.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $94.40.

Shares of PTC opened at $69.06 on Monday. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 76.73, a PEG ratio of 2.22 and a beta of 1.19. The company has a fifty day moving average of $87.12. PTC has a fifty-two week low of $68.58 and a fifty-two week high of $107.44. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.32 and a current ratio of 0.79.

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in PTC by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 1,116,381 shares of the technology company’s stock worth $92,484,000 after buying an additional 65,279 shares during the period. Thrivent Financial for Lutherans increased its stake in PTC by 7.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 27,347 shares of the technology company’s stock worth $2,267,000 after buying an additional 1,988 shares during the period. Nordea Investment Management AB purchased a new stake in PTC during the 4th quarter worth $302,000. Coldstream Capital Management Inc. increased its stake in PTC by 8.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,958 shares of the technology company’s stock worth $245,000 after buying an additional 228 shares during the period. Finally, Norges Bank purchased a new stake in PTC during the 4th quarter worth $197,240,000. Institutional investors and hedge funds own 92.46% of the company’s stock.

In related news, EVP Matthew Lessner Cohen sold 10,000 shares of PTC stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $90.00, for a total transaction of $900,000.00. Following the transaction, the executive vice president now owns 25,672 shares in the company, valued at approximately $2,310,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Staats Aaron C. Von sold 3,000 shares of PTC stock in a transaction on Friday, July 26th. The shares were sold at an average price of $73.33, for a total transaction of $219,990.00. Following the transaction, the executive vice president now owns 14,154 shares in the company, valued at approximately $1,037,912.82. The disclosure for this sale can be found here. Insiders have sold a total of 13,950 shares of company stock worth $1,198,786 in the last 90 days. Company insiders own 9.91% 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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Earnings History and Estimates for PTC (NASDAQ:PTC)

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