PTC (NASDAQ:PTC) Updates FY25 Earnings Guidance

by · The Cerbat Gem

PTC (NASDAQ:PTC – Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $5.60-6.30 for the period, compared to the consensus earnings per share estimate of $5.84. PTC also updated its Q1 guidance to $0.75-0.95 EPS.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PTC shares. Royal Bank of Canada reiterated an “outperform” rating and set a $202.00 target price on shares of PTC in a report on Thursday, August 1st. Piper Sandler increased their price target on PTC from $177.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. StockNews.com cut PTC from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Robert W. Baird increased their target price on PTC from $216.00 to $226.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $195.00 price target on shares of PTC in a research report on Thursday, October 10th. Five investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $200.67.

Check Out Our Latest Report on PTC

PTC Stock Up 4.2 %

Shares of PTC stock traded up $8.05 on Wednesday, hitting $198.04. 1,714,331 shares of the company’s stock traded hands, compared to its average volume of 800,744. PTC has a 52-week low of $147.95 and a 52-week high of $199.48. 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 stock has a market cap of $23.79 billion, a P/E ratio of 80.49, a PEG ratio of 2.74 and a beta of 1.17. The firm’s 50-day moving average is $179.01 and its 200 day moving average is $177.99.

Insider Activity

In other PTC news, Director Janice Chaffin sold 4,000 shares of the stock in a transaction that occurred on 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. 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. Company insiders own 1.17% of the company’s stock.

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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