Brokerages forecast that Photronics, Inc. (NASDAQ:PLAB) will post earnings of $0.11 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Photronics’ earnings. Photronics posted earnings of $0.16 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 31.3%. The firm is scheduled to report its next earnings report on Wednesday, March 3rd.

According to Zacks, analysts expect that Photronics will report full year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.70 to $0.95. For the next year, analysts forecast that the firm will report earnings of $0.90 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Photronics.

Photronics (NASDAQ:PLAB) last posted its earnings results on Tuesday, December 8th. The semiconductor company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). Photronics had a net margin of 6.01% and a return on equity of 4.00%. The business had revenue of $149.30 million during the quarter, compared to analyst estimates of $153.87 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The firm’s revenue was down 4.5% compared to the same quarter last year.

Separately, Zacks Investment Research cut Photronics from a “hold” rating to a “sell” rating in a research report on Friday, December 11th.

PLAB traded up $0.56 during trading hours on Monday, hitting $12.34. The company’s stock had a trading volume of 1,981 shares, compared to its average volume of 414,943. Photronics has a fifty-two week low of $8.31 and a fifty-two week high of $15.91. The firm has a market capitalization of $810.29 million, a PE ratio of 20.31 and a beta of 0.79. The company has a 50-day simple moving average of $11.49 and a 200 day simple moving average of $10.89. The company has a current ratio of 2.91, a quick ratio of 2.60 and a debt-to-equity ratio of 0.04.

In related news, EVP Christopher J. Progler sold 8,340 shares of Photronics stock in a transaction on Tuesday, December 1st. The stock was sold at an average price of $11.78, for a total value of $98,245.20. Following the transaction, the executive vice president now directly owns 122,073 shares in the company, valued at approximately $1,438,019.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher J. Progler sold 3,000 shares of Photronics stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $9.86, for a total value of $29,580.00. Following the completion of the transaction, the executive vice president now owns 113,733 shares in the company, valued at $1,121,407.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,915 shares of company stock worth $797,092. 3.82% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in PLAB. Founders Capital Management bought a new position in shares of Photronics in the fourth quarter worth about $50,000. Strs Ohio increased its stake in shares of Photronics by 16.2% in the third quarter. Strs Ohio now owns 66,000 shares of the semiconductor company’s stock worth $657,000 after purchasing an additional 9,200 shares during the period. Matarin Capital Management LLC bought a new position in shares of Photronics in the third quarter worth about $781,000. Sei Investments Co. increased its stake in shares of Photronics by 202.5% in the third quarter. Sei Investments Co. now owns 37,614 shares of the semiconductor company’s stock worth $375,000 after purchasing an additional 25,179 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Photronics in the third quarter worth about $452,000. 92.66% of the stock is owned by institutional investors.

About Photronics

Photronics, Inc, together with its subsidiaries, manufactures and sells photomasks in Taiwan, Korea, the United States, Europe, China, 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 FDP substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components.

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