For its second fiscal quarter (ending March 31), PTC Inc (NASDAQ: PTC) has reported a 78% increase in E.P.S. from $0.54 a year ago to $0.96 in the current quarter. Relative to the consensus estimate of $1.51, this was a shortfall of $-0.55. For the latest four quarters through March 31, E.P.S. were $2.42 compared to $2.68 a year ago — a decline of -10%.
Recent Price Action
PTC Inc (NASDAQ: PTC) stock closed at $174.96 on 5/1/24 after a modest decline of -1.4%. Moreover, trading volume in this decline was exceptionally high at 256% of normal. The stock has declined -3.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PTC is expected to continue to be a major Value Builder.
PTC has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. PTC has a poor Appreciation Score of 20 but a good Power Rating of 85, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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