Brokerages expect Photronics, Inc. (NASDAQ:PLAB – Get Rating) to report $0.35 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Photronics’ earnings. The lowest EPS estimate is $0.34 and the highest is $0.36. Photronics posted earnings of $0.17 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 105.9%. The business is expected to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Photronics will report full-year earnings of $1.49 per share for the current fiscal year, with EPS estimates ranging from $1.41 to $1.57. For the next fiscal year, analysts expect that the firm will post earnings of $1.70 per share, with EPS estimates ranging from $1.55 to $1.86. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Photronics.
Photronics (NASDAQ:PLAB – Get Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The semiconductor company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.31 by $0.07. The company had revenue of $189.80 million for the quarter, compared to the consensus estimate of $183.10 million. Photronics had a net margin of 10.05% and a return on equity of 6.66%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS.
In other Photronics news, EVP Christopher J. Progler sold 11,481 shares of the stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $16.54, for a total value of $189,895.74. Following the completion of the sale, the executive vice president now owns 159,593 shares of the company’s stock, valued at $2,639,668.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mitchell G. Tyson sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $18.39, for a total transaction of $36,780.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,781 shares of company stock worth $476,318. 3.70% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in PLAB. Verition Fund Management LLC bought a new position in Photronics during the first quarter worth $241,000. Charles Schwab Investment Management Inc. raised its stake in shares of Photronics by 2.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 761,500 shares of the semiconductor company’s stock valued at $12,923,000 after purchasing an additional 16,625 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Photronics during the first quarter valued at about $59,000. Quantedge Capital Pte Ltd bought a new stake in shares of Photronics during the first quarter valued at about $363,000. Finally, Federated Hermes Inc. raised its stake in shares of Photronics by 77.5% during the first quarter. Federated Hermes Inc. now owns 2,798 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 1,222 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.
PLAB stock traded up $0.70 during mid-day trading on Friday, reaching $15.42. The company had a trading volume of 344,271 shares, compared to its average volume of 407,934. The company has a market capitalization of $951.88 million, a PE ratio of 13.29 and a beta of 0.98. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.13 and a quick ratio of 2.80. Photronics has a 12 month low of $11.65 and a 12 month high of $20.30. The firm has a 50 day moving average of $16.18 and a 200 day moving average of $16.57.
Photronics Company Profile (Get Rating)
Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, Korea, Europe, China, and internationally. The company offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, FDP substrates, and other types of electrical and optical components.
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