Photronics, Inc. (PLAB) Expected to Announce Earnings of $0.06 Per Share
Equities research analysts forecast that Photronics, Inc. (NASDAQ:PLAB) will report earnings of $0.06 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Photronics’ earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.05. Photronics posted earnings of $0.03 per share during the same quarter last year, which suggests a positive year over year growth rate of 100%. The company is expected to report its next quarterly earnings results on Wednesday, February 21st.
According to Zacks, 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 financial year, analysts expect that the business will report earnings of $0.95 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Photronics.
Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $121.00 million during the quarter, compared to the consensus estimate of $112.17 million. Photronics had a net margin of 2.91% and a return on equity of 1.55%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 earnings per share.
PLAB has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Photronics from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. DA Davidson reiterated a “buy” rating and issued a $13.00 price objective on shares of Photronics in a research report on Monday, November 27th. Finally, BidaskClub downgraded shares of Photronics from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th.
In related news, CFO Sean T. Smith sold 18,750 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $9.48, for a total transaction of $177,750.00. Following the completion of the transaction, the chief financial officer now owns 159,108 shares in the company, valued at approximately $1,508,343.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Sean T. Smith sold 25,000 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $9.19, for a total transaction of $229,750.00. Following the transaction, the senior vice president now owns 165,358 shares of the company’s stock, valued at approximately $1,519,640.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,500 shares of company stock valued at $642,213. Insiders own 3.71% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Investors Inc. PA grew its stake in Photronics by 61.9% during the 2nd quarter. Federated Investors Inc. PA now owns 10,991 shares of the semiconductor company’s stock valued at $103,000 after acquiring an additional 4,203 shares in the last quarter. Group One Trading L.P. grew its stake in Photronics by 90.8% during the 3rd quarter. Group One Trading L.P. now owns 11,977 shares of the semiconductor company’s stock valued at $106,000 after acquiring an additional 5,700 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new stake in Photronics during the 3rd quarter valued at about $114,000. Wolverine Trading LLC purchased a new stake in Photronics during the 3rd quarter valued at about $117,000. Finally, BNP Paribas Arbitrage SA grew its stake in Photronics by 78.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,302 shares of the semiconductor company’s stock valued at $125,000 after acquiring an additional 5,844 shares in the last quarter. 94.71% of the stock is owned by institutional investors.
Photronics (PLAB) opened at $9.20 on Tuesday. The firm has a market cap of $654.92, a PE ratio of 47.50, a price-to-earnings-growth ratio of 2.38 and a beta of 0.53. Photronics has a 1 year low of $7.55 and a 1 year high of $12.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.49 and a quick ratio of 5.20.
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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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