PTC (NASDAQ:PTC) Releases Q4 2024 Earnings Guidance

PTC (NASDAQ:PTC) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.300-1.660 for the period, compared to the consensus estimate of 1.370. The company issued revenue guidance of $598.0 million-$648.0 million, compared to the consensus revenue estimate of $616.9 million. PTC also updated its FY 2024 guidance to 4.850-5.210 EPS.

Wall Street Analyst Weigh In

Several research firms have weighed in on PTC. Rosenblatt Securities reissued a buy rating and set a $195.00 price target on shares of PTC in a research report on Friday, April 12th. Robert W. Baird raised their price objective on PTC from $210.00 to $216.00 and gave the stock an outperform rating in a report on Thursday, May 2nd. Citigroup decreased their price objective on PTC from $195.00 to $187.00 and set a neutral rating on the stock in a report on Thursday, May 2nd. Barclays raised their price objective on PTC from $198.00 to $215.00 and gave the stock an overweight rating in a report on Thursday, April 11th. Finally, Mizuho reiterated a neutral rating and issued a $190.00 target price (down previously from $200.00) on shares of PTC in a report on Tuesday, June 4th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, PTC has a consensus rating of Moderate Buy and an average target price of $199.73.

PTC Price Performance

PTC traded up $1.38 during trading on Wednesday, reaching $177.85. The stock had a trading volume of 1,095,977 shares, compared to its average volume of 832,863. The firm has a market capitalization of $21.29 billion, a price-to-earnings ratio of 74.41, a price-to-earnings-growth ratio of 3.33 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.51. PTC has a 1-year low of $134.61 and a 1-year high of $194.24. The stock has a 50 day moving average of $178.01 and a two-hundred day moving average of $180.24.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, May 1st. The technology company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. The firm had revenue of $603.07 million during the quarter, compared to the consensus estimate of $575.53 million. PTC had a return on equity of 13.76% and a net margin of 12.84%. As a group, equities analysts anticipate that PTC will post 3.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other PTC news, Director Janice Chaffin sold 4,000 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $179.33, for a total value of $717,320.00. Following the transaction, the director now owns 48,137 shares of the company’s stock, valued at $8,632,408.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other PTC news, Director Janice Chaffin sold 4,000 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $179.33, for a total value of $717,320.00. Following the transaction, the director now owns 48,137 shares of the company’s stock, valued at $8,632,408.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Catherine Kniker sold 1,254 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $173.45, for a total value of $217,506.30. Following the completion of the transaction, the insider now directly owns 13,598 shares in the company, valued at approximately $2,358,573.10. The disclosure for this sale can be found here. Insiders sold 15,846 shares of company stock worth $2,854,951 over the last ninety days. Company insiders own 1.17% of the company’s stock.

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.