PTC (PTC) Set to Announce Quarterly Earnings on Wednesday

PTC (NASDAQ:PTC) will announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.43 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

PTC Trading Up 0.6 %

NASDAQ PTC opened at $186.23 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. PTC has a one year low of $146.63 and a one year high of $194.24. The company’s 50 day moving average price is $178.74 and its 200 day moving average price is $177.89. The firm has a market capitalization of $22.37 billion, a price-to-earnings ratio of 76.01, a PEG ratio of 2.72 and a beta of 1.17.

Analysts Set New Price Targets

Several analysts have issued reports on PTC shares. StockNews.com downgraded shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Robert W. Baird raised their price objective on PTC from $216.00 to $226.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Berenberg Bank cut PTC from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $210.00 to $196.00 in a research note on Friday. Piper Sandler raised their target price on PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $202.00 price objective on shares of PTC in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $200.67.

Insider Buying and Selling

In other PTC news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $171.34, for a total transaction of $685,360.00. Following the transaction, the director now owns 44,137 shares of the company’s stock, valued at $7,562,433.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.17% of the stock is currently owned by company insiders.

About PTC

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.