Photronics (PLAB) Set to Announce Quarterly Earnings on Tuesday
Photronics (NASDAQ:PLAB) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, February 13th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Photronics has set its Q1 guidance at $0.02-0.09 EPS.
Photronics (NASDAQ:PLAB) last announced its quarterly 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. The business had revenue of $121.00 million for the quarter, compared to analysts’ expectations of $112.17 million. Photronics had a return on equity of 1.55% and a net margin of 2.91%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 EPS. On average, analysts expect Photronics to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Photronics (NASDAQ:PLAB) opened at $7.50 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.49 and a quick ratio of 5.20. The company 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. Photronics has a 12 month low of $7.20 and a 12 month high of $11.80.
PLAB has been the topic of a number of analyst reports. Zacks Investment Research cut Photronics from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 2nd. ValuEngine cut Photronics from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. BidaskClub cut Photronics from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $13.00 price target on shares of Photronics in a research note on Monday, November 27th.
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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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