Wall Street analysts expect Photronics, Inc. (NASDAQ:PLAB) to post $137.70 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Photronics’ earnings, with the highest sales estimate coming in at $138.00 million and the lowest estimate coming in at $137.40 million. Photronics posted sales of $136.39 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1%. The firm is expected to announce its next earnings report on Wednesday, August 28th.

On average, analysts expect that Photronics will report full year sales of $541.15 million for the current year, with estimates ranging from $540.00 million to $542.30 million. For the next financial year, analysts expect that the company will report sales of $625.50 million, with estimates ranging from $611.00 million to $640.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Photronics.

Photronics (NASDAQ:PLAB) last issued its earnings results on Wednesday, May 22nd. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. Photronics had a return on equity of 4.10% and a net margin of 7.30%. The company had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $130.05 million. During the same period last year, the business earned $0.15 EPS. Photronics’s quarterly revenue was up .6% compared to the same quarter last year.

A number of brokerages recently issued reports on PLAB. BidaskClub cut Westport Fuel Systems from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research cut Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday. TheStreet cut Zimmer Biomet from a “b-” rating to a “c” rating in a research note on Friday, June 7th. Finally, Northland Securities restated a “buy” rating on shares of Titan Medical in a research note on Thursday. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $10.63.

In other Photronics news, Director Walter M. Fiederowicz sold 5,000 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $8.47, for a total transaction of $42,350.00. Following the transaction, the director now directly owns 53,500 shares in the company, valued at approximately $453,145. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 12,700 shares of company stock worth $110,688. Company insiders own 3.58% of the company’s stock.

Large investors have recently modified their holdings of the business. Investors Research Corp bought a new position in Photronics during the 1st quarter valued at $68,000. Econ Financial Services Corp bought a new position in Photronics during the 1st quarter valued at $102,000. Voit & Company LLC bought a new position in Photronics during the 1st quarter valued at $107,000. Magnus Financial Group LLC purchased a new stake in shares of Photronics during the 4th quarter valued at $127,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Photronics by 128.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 13,545 shares of the semiconductor company’s stock valued at $128,000 after purchasing an additional 7,604 shares during the last quarter. Institutional investors and hedge funds own 97.27% of the company’s stock.

Shares of PLAB traded up $0.24 during trading hours on Monday, reaching $8.99. The stock had a trading volume of 264,415 shares, compared to its average volume of 541,234. Photronics has a 12 month low of $7.95 and a 12 month high of $11.58. The stock’s 50-day moving average is $8.38. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.67 and a quick ratio of 2.42. The firm has a market cap of $586.83 million, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 2.10 and a beta of 0.60.

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 or glass 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.

Further Reading: Quiet Period

Get a free copy of the Zacks research report on Photronics (PLAB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Photronics (NASDAQ:PLAB)

Receive News & Ratings for Photronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Photronics and related companies with MarketBeat.com's FREE daily email newsletter.