Analysts expect PTC (NASDAQ:PTC) to announce sales of $313.01 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for PTC’s earnings, with the lowest sales estimate coming in at $311.33 million and the highest estimate coming in at $314.80 million. PTC posted sales of $291.29 million in the same quarter last year, which suggests a positive year over year growth rate of 7.5%. The business is scheduled to issue its next quarterly earnings report on Wednesday, July 18th.

On average, analysts expect that PTC will report full year sales of $1.25 billion for the current financial year, with estimates ranging from $1.24 billion to $1.26 billion. For the next year, analysts forecast that the firm will post sales of $1.37 billion per share, with estimates ranging from $1.35 billion to $1.40 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for PTC.

PTC (NASDAQ:PTC) last released its quarterly earnings results on Wednesday, April 18th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The firm had revenue of $307.88 million during the quarter, compared to the consensus estimate of $302.90 million. PTC had a net margin of 3.16% and a return on equity of 10.04%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share.

PTC has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of PTC from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. BidaskClub upgraded shares of PTC from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 17th. KeyCorp increased their price objective on shares of PTC from $92.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, April 19th. Berenberg Bank increased their price objective on shares of PTC to $100.00 and gave the stock a “buy” rating in a research report on Monday, April 23rd. Finally, Barclays increased their price objective on shares of PTC from $69.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $80.25.

PTC stock opened at $83.03 on Friday. The firm has a market cap of $9,552.76, a PE ratio of 112.20, a price-to-earnings-growth ratio of 2.58 and a beta of 1.33. PTC has a 52-week low of $51.02 and a 52-week high of $86.49. The company has a quick ratio of 1.03, a current ratio of 0.97 and a debt-to-equity ratio of 0.69.

In other PTC news, VP Staats Aaron C. Von sold 7,500 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $73.76, for a total value of $553,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Schechter sold 3,000 shares of the firm’s stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $85.20, for a total transaction of $255,600.00. Following the completion of the sale, the director now owns 67,207 shares of the company’s stock, valued at $5,726,036.40. The disclosure for this sale can be found here. Insiders sold 121,278 shares of company stock valued at $9,841,824 over the last 90 days. Corporate insiders own 1.19% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB acquired a new position in shares of PTC during the fourth quarter valued at about $574,000. Pennant Capital Management LLC grew its holdings in shares of PTC by 57.9% during the fourth quarter. Pennant Capital Management LLC now owns 658,587 shares of the technology company’s stock valued at $40,022,000 after buying an additional 241,595 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of PTC during the fourth quarter valued at about $4,445,000. Gotham Asset Management LLC acquired a new position in shares of PTC during the fourth quarter valued at about $1,067,000. Finally, Pacific Grove Capital LP grew its holdings in shares of PTC by 43.8% during the fourth quarter. Pacific Grove Capital LP now owns 115,000 shares of the technology company’s stock valued at $6,989,000 after buying an additional 35,000 shares during the last quarter.

PTC Company Profile

PTC Inc develops and delivers software products and solutions worldwide. It operates through three segments: IoT Group, Solutions Group, and Professional Services. It offers ThingWorx, an industrial innovation platform to develop and deploy industrial Internet of Things (IoT) applications and augmented reality (AR) experiences; 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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