PTC (PTC) Expected to Announce Quarterly Earnings on Wednesday

PTC (NASDAQ:PTC) is expected to issue its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.92 per share and revenue of $554,885.60 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

PTC Trading Down 0.1 %

Shares of PTC stock opened at $188.96 on Monday. PTC has a 52-week low of $163.30 and a 52-week high of $203.09. The business’s fifty day moving average is $191.12 and its 200 day moving average is $183.14. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $22.74 billion, a PE ratio of 60.76, a price-to-earnings-growth ratio of 2.55 and a beta of 1.18.

Insider Transactions at PTC

In related news, CAO Alice Christenson sold 1,703 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $193.20, for a total value of $329,019.60. Following the sale, the chief accounting officer now directly owns 830 shares of the company’s stock, valued at $160,356. This trade represents a 67.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Corinna Lathan sold 860 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $200.00, for a total value of $172,000.00. Following the transaction, the director now directly owns 6,843 shares of the company’s stock, valued at $1,368,600. The trade was a 11.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,242 shares of company stock worth $3,630,716. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PTC. Robert W. Baird lifted their price target on PTC from $226.00 to $228.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and cut their price target for the stock from $210.00 to $196.00 in a research note on Friday, November 1st. Piper Sandler raised their price objective on shares of PTC from $182.00 to $202.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Stifel Nicolaus lifted their price objective on shares of PTC from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, StockNews.com raised PTC from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $207.54.

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.