PTC Inc. (NASDAQ:PTC) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.33-0.38 for the period, compared to the Thomson Reuters consensus estimate of $0.37. The company issued revenue guidance of $303-308 million, compared to the consensus revenue estimate of $308.99 million.PTC also updated its FY17 guidance to $1.17-1.22 EPS.
A number of brokerages recently issued reports on PTC. Pacific Crest increased their price objective on PTC from $62.00 to $67.00 and gave the stock an overweight rating in a report on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) began coverage on PTC in a report on Monday. They set a neutral rating and a $62.00 price objective on the stock. Griffin Securities increased their price objective on PTC from $55.00 to $65.00 and gave the stock a buy rating in a report on Thursday, April 20th. Evercore ISI reissued a buy rating and set a $65.00 price objective on shares of PTC in a report on Thursday, April 20th. Finally, Wedbush increased their price objective on PTC from $59.00 to $64.00 and gave the stock an outperform rating in a report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $62.00.
Shares of PTC Inc. (NASDAQ:PTC) traded up 1.50% during trading on Wednesday, reaching $58.92. The company’s stock had a trading volume of 2,095,135 shares. The company has a 50 day moving average of $57.38 and a 200 day moving average of $54.22. The company’s market cap is $6.81 billion. PTC Inc. has a 12-month low of $39.07 and a 12-month high of $60.22.
PTC (NASDAQ:PTC) last issued its earnings results on Wednesday, April 19th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. PTC had a positive return on equity of 7.22% and a negative net margin of 3.12%. The firm had revenue of $280 million for the quarter, compared to analysts’ expectations of $283.81 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. On average, analysts anticipate that PTC Inc. will post $1.21 EPS for the current fiscal year.
In other PTC news, Director Robert Schechter sold 1,420 shares of the business’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $52.86, for a total transaction of $75,061.20. Following the sale, the director now directly owns 65,954 shares of the company’s stock, valued at $3,486,328.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Anthony Dibona sold 3,308 shares of the business’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $53.56, for a total value of $177,176.48. The disclosure for this sale can be found here. Insiders sold 38,353 shares of company stock worth $2,080,765 over the last ninety days. Insiders own 1.02% of the company’s stock.
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About PTC
PTC Inc is a global computer software and services company. The Company offers a portfolio of computer-aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solutions for manufacturers to create, operate, and service products. It offers a suite of Internet of Things (IoT) solutions that enables its customers to connect, manage and analyze data, and create applications.
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