Photronics, Inc. (PLAB) Scheduled to Post Quarterly Earnings on Wednesday
Photronics, Inc. (NASDAQ:PLAB) is set to issue its quarterly earnings data before the market opens on Wednesday, August 16th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Photronics has set its Q3 guidance at $0.05-0.12 EPS.
Photronics (NASDAQ:PLAB) last posted its earnings results on Wednesday, May 17th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Photronics had a net margin of 3.81% and a return on equity of 1.84%. The business had revenue of $108.30 million for the quarter, compared to analysts’ expectations of $111.16 million. During the same period last year, the firm posted $0.13 earnings per share. Photronics’s quarterly revenue was down 11.9% on a year-over-year basis. On average, analysts expect Photronics to post $0.28 EPS for the current fiscal year and $0.75 EPS for the next fiscal year.
Photronics, Inc. (NASDAQ PLAB) opened at 9.80 on Wednesday. The stock’s 50 day moving average price is $9.85 and its 200 day moving average price is $10.67. Photronics, Inc. has a 1-year low of $8.20 and a 1-year high of $12.10. The stock has a market capitalization of $674.95 million, a PE ratio of 39.52 and a beta of 0.48.
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A number of equities research analysts recently issued reports on PLAB shares. Zacks Investment Research raised Photronics from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. BidaskClub raised Photronics from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, ValuEngine raised Photronics from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Photronics has an average rating of “Hold” and an average target price of $12.83.
In other Photronics news, VP Christopher J. Progler sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $10.05, for a total transaction of $40,200.00. Following the transaction, the vice president now directly owns 78,900 shares in the company, valued at approximately $792,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.71% of the company’s stock.
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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