Photronics (PLAB) Scheduled to Post Quarterly Earnings on Wednesday

Photronics (NASDAQ:PLAB) is scheduled to post its quarterly earnings results before the market opens on Wednesday, December 12th. Analysts expect Photronics to post earnings of $0.17 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

PLAB opened at $9.35 on Wednesday. Photronics has a 12-month low of $7.20 and a 12-month high of $11.00. The stock has a market capitalization of $678.36 million, a PE ratio of 49.21, a PEG ratio of 2.00 and a beta of 0.67.

Photronics declared that its board has initiated a share repurchase program on Friday, October 12th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the semiconductor company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

A number of equities analysts have recently issued reports on PLAB shares. ValuEngine cut Photronics from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Zacks Investment Research upgraded Photronics from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Saturday, August 25th. BidaskClub cut Photronics from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, TheStreet upgraded Photronics from a “c+” rating to a “b-” rating in a report on Tuesday, September 11th. Four analysts have rated the stock with a hold rating, Photronics presently has a consensus rating of “Hold” and an average target price of $11.00.

In other news, VP Christopher J. Progler sold 5,300 shares of the company’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $9.84, for a total value of $52,152.00. Following the completion of the transaction, the vice president now directly owns 92,400 shares in the company, valued at approximately $909,216. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 12,830 shares of company stock valued at $124,518 over the last quarter. Company insiders own 3.73% of the company’s stock.

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Photronics Company Profile

Photronics, Inc, together with its subsidiaries, manufactures and sells photomasks in Taiwan, Korea, the United States, Europe, and internationally. The company offers photomasks, which are high precision photographic quartz plates containing microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays (FPDs), as well as that are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel display substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components.

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Earnings History for Photronics (NASDAQ:PLAB)

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