Parametric (PMTC) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.70-1.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.75.
Parametric (PMTC) remained flat at $22.90 during trading on Wednesday. Parametric (PMTC) has a 1-year low of $17.62 and a 1-year high of $28.95. The stock?s 50-day moving average is currently $21.57. The company?s market cap is $2.736 billion.
Parametric last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.50 earnings per share for the quarter, beating the analysts? consensus estimate of $0.48 by $0.02. The company had revenue of $325.00 million for the quarter, compared to the consensus estimate of $330.78 million. Parametric?s revenue was down 4.2% compared to the same quarter last year. Parametric has set its Q1 guidance at $0.30-0.35 EPS and its FY13 guidance at $1.70-1.80 EPS. On average, analysts predict that Parametric (PMTC) will post $1.75 earnings per share for the current fiscal year.
A number of research firms have also recently commented on PMTC. Analysts at Jefferies Group reiterated a hold rating on shares of Parametric in a research note to investors on Wednesday. They now have a $25.00 price target on the stock, up previously from $24.00. On a related note, analysts at Barclays Capital raised their price target on shares of Parametric from $29.00 to $33.00 in a research note to investors on Monday. They now have an overweight rating on the stock. Finally, analysts at Janney Capital initiated coverage on shares of Parametric in a research note to investors on Friday, December 14th. They set a buy rating and a $30.00 price target on the stock.
Six equities research analysts have rated the stock with a buy rating, and six have issued a hold rating to the stock. The stock currently has a consensus rating of overweight and an average price target of $27.00.
Parametric Technology Corporation (PTC) develops, markets and supports product lifecycle management software solutions and related services that help companies design products, manage product information and improve their product development processes.