PTC (PTC) Scheduled to Post Quarterly Earnings on Wednesday

PTC (NASDAQ:PTCGet Free Report) is scheduled to be announcing 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 that wish to listen to the company’s conference call can do so using this link.

PTC Stock Up 0.6 %

Shares of PTC opened at $186.23 on Tuesday. PTC has a 52 week low of $146.63 and a 52 week high of $194.24. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. The company 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. The stock’s 50-day moving average price is $178.74 and its 200-day moving average price is $177.89.

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on PTC

Insider Activity at PTC

In related news, Director Janice Chaffin sold 4,000 shares of PTC stock in a transaction on Monday, August 12th. The shares were sold at an average price of $171.34, for a total value of $685,360.00. Following the transaction, the director now directly owns 44,137 shares in the company, valued at $7,562,433.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.17% of the stock is currently owned by insiders.

PTC Company Profile

(Get Free Report)

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.

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Earnings History for PTC (NASDAQ:PTC)

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