PTC (PTC) Scheduled to Post Quarterly Earnings on Wednesday

PTC (NASDAQ:PTC) 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.

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

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.