Wall Street analysts expect that PTC Inc (NASDAQ:PTC) will announce $0.50 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for PTC’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.43. PTC posted earnings of $0.56 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 10.7%. The firm is scheduled to report its next quarterly earnings report on Wednesday, January 22nd.

According to Zacks, analysts expect that PTC will report full-year earnings of $2.30 per share for the current financial year, with EPS estimates ranging from $2.15 to $2.40. For the next fiscal year, analysts expect that the company will post earnings of $3.00 per share, with EPS estimates ranging from $2.01 to $3.55. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover PTC.

PTC (NASDAQ:PTC) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.18. The company had revenue of $335.00 million during the quarter, compared to analyst estimates of $333.86 million. PTC had a return on equity of 12.23% and a net margin of 2.33%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 earnings per share.

Several equities analysts have recently issued reports on the company. Bank of America reiterated an “underperform” rating and set a $65.00 price objective (down from $80.00) on shares of PTC in a research report on Thursday, July 25th. BidaskClub upgraded PTC from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Zacks Investment Research upgraded PTC from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Barclays assumed coverage on PTC in a research report on Monday, November 4th. They set an “overweight” rating and a $81.00 price objective for the company. Finally, Royal Bank of Canada downgraded PTC from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $110.00 to $85.00 in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $88.80.

Shares of NASDAQ:PTC traded up $0.45 during trading on Friday, hitting $74.09. 1,319,700 shares of the company traded hands, compared to its average volume of 1,172,815. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 81.42 and a beta of 1.13. The business’s fifty day moving average is $67.61 and its 200-day moving average is $76.34. PTC has a one year low of $62.05 and a one year high of $102.47. The company has a quick ratio of 1.25, a current ratio of 1.76 and a debt-to-equity ratio of 0.56.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PTC. Invesco Ltd. lifted its position in PTC by 631.4% in the second quarter. Invesco Ltd. now owns 1,500,604 shares of the technology company’s stock worth $134,694,000 after purchasing an additional 1,295,423 shares during the period. Senator Investment Group LP acquired a new stake in PTC in the second quarter worth approximately $80,784,000. BlackRock Inc. lifted its position in PTC by 6.0% in the second quarter. BlackRock Inc. now owns 13,287,737 shares of the technology company’s stock worth $1,192,707,000 after purchasing an additional 751,495 shares during the period. Pictet Asset Management Ltd. lifted its position in PTC by 85.6% in the second quarter. Pictet Asset Management Ltd. now owns 1,250,885 shares of the technology company’s stock worth $112,279,000 after purchasing an additional 576,967 shares during the period. Finally, Marshall Wace North America L.P. lifted its position in PTC by 36.2% in the second quarter. Marshall Wace North America L.P. now owns 1,995,589 shares of the technology company’s stock worth $179,124,000 after purchasing an additional 530,204 shares during the period. Hedge funds and other institutional investors own 88.10% of the company’s stock.

PTC Company Profile

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.

Recommended Story: How to build a Fibonacci channel

Get a free copy of the Zacks research report on PTC (PTC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for PTC (NASDAQ:PTC)

Receive News & Ratings for PTC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PTC and related companies with MarketBeat.com's FREE daily email newsletter.