PTC (NASDAQ:PTC) Updates Q1 Earnings Guidance

PTC (NASDAQ:PTC) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.75-0.95 for the period, compared to the consensus earnings per share estimate of $1.33. PTC also updated its FY25 guidance to $5.60-6.30 EPS.

PTC Trading Up 4.2 %

Shares of NASDAQ:PTC traded up $8.05 during midday trading on Wednesday, reaching $198.04. 1,714,331 shares of the company’s stock were exchanged, compared to its average volume of 800,744. The firm’s 50 day simple moving average is $179.01 and its two-hundred day simple moving average is $177.99. PTC has a fifty-two week low of $147.95 and a fifty-two week high of $199.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $23.79 billion, a price-to-earnings ratio of 80.49, a P/E/G ratio of 2.74 and a beta of 1.17.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Berenberg Bank cut shares of PTC from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $210.00 to $196.00 in a research report on Friday, November 1st. Rosenblatt Securities restated a “buy” rating and set a $195.00 price target on shares of PTC in a research report on Thursday, October 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $202.00 price objective on shares of PTC in a report on Thursday, August 1st. StockNews.com cut shares of PTC from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Piper Sandler lifted their price objective on shares of PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $200.67.

Insider Transactions at PTC

In other news, Director Janice Chaffin sold 4,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $171.34, for a total value of $685,360.00. Following the transaction, the director now owns 44,137 shares in the company, valued at approximately $7,562,433.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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.