PTC (NASDAQ:PTC) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.31-0.36 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.39. The company issued revenue guidance of $310-315 million, compared to the consensus revenue estimate of $324.16 million.PTC also updated its FY 2019 guidance to $1.35-1.70 EPS.

PTC stock traded down $1.17 during midday trading on Wednesday, reaching $84.64. The company had a trading volume of 2,421,695 shares, compared to its average volume of 1,092,170. The firm has a market capitalization of $10.41 billion, a PE ratio of 94.04, a P/E/G ratio of 2.56 and a beta of 1.34. PTC has a 12-month low of $65.48 and a 12-month high of $107.44. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.74.

PTC (NASDAQ:PTC) last issued its quarterly earnings results on Wednesday, January 23rd. The technology company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.15. The firm had revenue of $334.96 million for the quarter, compared to analyst estimates of $324.70 million. PTC had a net margin of 4.19% and a return on equity of 11.97%. PTC’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $0.31 EPS. On average, sell-side analysts predict that PTC will post 1.05 EPS for the current fiscal year.

PTC has been the topic of a number of research reports. BidaskClub lowered shares of PTC from a strong-buy rating to a buy rating in a research note on Friday, October 5th. JPMorgan Chase & Co. decreased their target price on shares of PTC to $96.00 in a research note on Friday, October 26th. Cowen set a $105.00 target price on shares of PTC and gave the stock a buy rating in a research note on Sunday, October 28th. Stifel Nicolaus initiated coverage on shares of PTC in a research note on Tuesday, December 18th. They issued a buy rating and a $105.00 target price on the stock. Finally, Deutsche Bank initiated coverage on shares of PTC in a research note on Wednesday, January 16th. They issued a buy rating and a $115.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. PTC currently has an average rating of Buy and an average target price of $101.38.

In other news, Director Robert Schechter sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $88.14, for a total transaction of $440,700.00. Following the completion of the sale, the director now owns 66,007 shares in the company, valued at approximately $5,817,856.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James E. Heppelmann sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $87.97, for a total transaction of $1,319,550.00. Following the sale, the insider now owns 718,898 shares of the company’s stock, valued at approximately $63,241,457.06. The disclosure for this sale can be found here. Insiders sold a total of 147,981 shares of company stock worth $12,750,193 over the last three months. Corporate insiders own 1.19% of the company’s stock.

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About PTC

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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