Photronics, Inc. (PLAB) Expected to Post Earnings of $0.06 Per Share

Brokerages expect Photronics, Inc. (NASDAQ:PLAB) to report $0.06 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Photronics’ earnings. The lowest EPS estimate is $0.05 and the highest is $0.06. Photronics posted earnings of $0.03 per share during the same quarter last year, which indicates a positive year over year growth rate of 100%. The firm is scheduled to report its next earnings report on Wednesday, February 21st.

On average, analysts expect that Photronics will report full-year earnings of $0.40 per share for the current fiscal year, with EPS estimates ranging from $0.30 to $0.50. For the next year, analysts anticipate that the company will report earnings of $0.95 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Photronics.

Photronics (NASDAQ:PLAB) last released its earnings results on Wednesday, November 29th. The semiconductor company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Photronics had a net margin of 2.91% and a return on equity of 1.55%. The company had revenue of $121.00 million for the quarter, compared to analysts’ expectations of $112.17 million. During the same quarter in the previous year, the company earned $0.05 EPS. Photronics’s revenue for the quarter was up 12.7% on a year-over-year basis.

A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Photronics from a “hold” rating to a “strong sell” rating in a report on Saturday, December 2nd. BidaskClub downgraded shares of Photronics from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, DA Davidson reiterated a “buy” rating and issued a $13.00 price target on shares of Photronics in a report on Monday, November 27th.

Photronics (PLAB) traded down $0.15 on Friday, hitting $8.65. 221,200 shares of the company were exchanged, compared to its average volume of 573,960. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.20 and a current ratio of 5.49. Photronics has a 52 week low of $7.55 and a 52 week high of $11.95. The stock has a market cap of $601.49, a PE ratio of 45.53, a price-to-earnings-growth ratio of 2.21 and a beta of 0.53.

In other news, SVP Sean T. Smith sold 12,500 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $9.43, for a total value of $117,875.00. Following the sale, the senior vice president now directly owns 152,858 shares in the company, valued at approximately $1,441,450.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Christopher J. Progler sold 4,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $8.85, for a total transaction of $35,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,000 shares of company stock worth $834,288. 3.71% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of PLAB. GSA Capital Partners LLP boosted its position in Photronics by 146.7% in the 3rd quarter. GSA Capital Partners LLP now owns 70,606 shares of the semiconductor company’s stock valued at $625,000 after buying an additional 41,986 shares during the period. Wolverine Trading LLC purchased a new stake in Photronics in the 3rd quarter valued at about $117,000. California Public Employees Retirement System boosted its position in Photronics by 3.3% in the 3rd quarter. California Public Employees Retirement System now owns 744,108 shares of the semiconductor company’s stock valued at $6,585,000 after buying an additional 23,908 shares during the period. Group One Trading L.P. boosted its position in Photronics by 90.8% in the 3rd quarter. Group One Trading L.P. now owns 11,977 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 5,700 shares during the period. Finally, Highbridge Capital Management LLC purchased a new stake in Photronics in the 3rd quarter valued at about $154,000. Hedge funds and other institutional investors own 94.65% of the company’s stock.

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Photronics Company Profile

Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. As of October 30, 2016, the Company operated principally from nine manufacturing facilities: two located in Europe, three in Taiwan, one in Korea and three in the United States.

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Earnings History and Estimates for Photronics (NASDAQ:PLAB)

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