Equities research analysts expect PTC Inc (NASDAQ:PTC) to announce $303.19 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for PTC’s earnings, with estimates ranging from $302.60 million to $304.00 million. PTC reported sales of $280.04 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, April 18th.
According to Zacks, analysts expect that PTC will report full-year sales of $303.19 million for the current financial year, with estimates ranging from $1.24 billion to $1.25 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.36 billion per share, with estimates ranging from $1.35 billion to $1.38 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow PTC.
PTC (NASDAQ:PTC) last posted its quarterly earnings data on Wednesday, January 17th. The technology company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. PTC had a return on equity of 9.29% and a net margin of 2.47%. The company had revenue of $306.44 million during the quarter, compared to analyst estimates of $300.17 million. During the same quarter last year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis.
PTC (NASDAQ PTC) traded up $0.42 during mid-day trading on Wednesday, reaching $80.72. The company had a trading volume of 1,020,000 shares, compared to its average volume of 763,394. PTC has a one year low of $50.68 and a one year high of $81.72. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 0.84. The company has a market cap of $9,440.00, a price-to-earnings ratio of 448.44, a PEG ratio of 2.87 and a beta of 1.42.
In other news, insider James E. Heppelmann sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $72.34, for a total value of $1,808,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Staats Aaron C. Von sold 7,500 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $73.76, for a total value of $553,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,964 shares of company stock worth $2,765,872. Company insiders own 1.19% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Rational Advisors LLC purchased a new position in shares of PTC in the 3rd quarter worth $1,888,000. Lagoda Investment Management L.P. boosted its stake in shares of PTC by 6.7% in the 3rd quarter. Lagoda Investment Management L.P. now owns 135,038 shares of the technology company’s stock worth $7,600,000 after buying an additional 8,510 shares during the last quarter. TimesSquare Capital Management LLC purchased a new position in shares of PTC in the 3rd quarter worth $51,958,000. State of Alaska Department of Revenue purchased a new position in shares of PTC in the 4th quarter worth $510,000. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its position in PTC by 6.0% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,153,130 shares of the technology company’s stock valued at $70,075,000 after purchasing an additional 65,260 shares in the last quarter. Hedge funds and other institutional investors own 99.94% of the company’s stock.
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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