Brokerages Expect Photronics, Inc. (PLAB) Will Announce Earnings of $0.06 Per Share

Brokerages expect Photronics, Inc. (NASDAQ:PLAB) to announce earnings per share of $0.06 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Photronics’ earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.05. Photronics reported earnings of $0.03 per share in the same quarter last year, which would suggest a positive year over year growth rate of 100%. The company is scheduled to issue its next earnings report before the market opens on Wednesday, February 14th.

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 fiscal year, analysts anticipate that the business will post earnings of $0.95 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Photronics.

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

A number of research analysts have issued reports on PLAB shares. DA Davidson reissued a “buy” rating and issued a $13.00 price target on shares of Photronics in a report on Monday, November 27th. Zacks Investment Research raised Photronics from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. BidaskClub downgraded Photronics from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, ValuEngine downgraded Photronics from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.

Photronics (NASDAQ PLAB) opened at $7.50 on Friday. Photronics has a twelve month low of $7.20 and a twelve month high of $11.80. The stock has a market capitalization of $517.90, a P/E ratio of 37.50, a price-to-earnings-growth ratio of 1.88 and a beta of 0.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.49 and a quick ratio of 5.20.

In other news, SVP Sean T. Smith sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $9.19, for a total value of $229,750.00. Following the completion of the sale, the senior vice president now directly owns 165,358 shares in the company, valued at $1,519,640.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richelle E. Burr sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $9.00, for a total value of $36,000.00. Following the completion of the sale, the vice president now owns 41,109 shares of the company’s stock, valued at $369,981. The disclosure for this sale can be found here. Insiders sold 49,040 shares of company stock valued at $452,165 over the last 90 days. Company insiders own 3.71% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Group One Trading L.P. increased its position in shares of Photronics by 90.8% in the third 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 in the last quarter. Aperio Group LLC purchased a new stake in shares of Photronics in the fourth quarter valued at approximately $110,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Photronics in the third quarter valued at approximately $114,000. State of Alaska Department of Revenue purchased a new stake in shares of Photronics in the fourth quarter valued at approximately $116,000. Finally, Wolverine Trading LLC purchased a new stake in shares of Photronics in the third quarter valued at approximately $117,000. Institutional investors and hedge funds own 94.51% of the company’s stock.

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About Photronics

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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