Wall Street analysts expect Photronics, Inc. (NASDAQ:PLAB) to post earnings of $0.06 per share for the current quarter, Zacks reports. Two analysts have made estimates for Photronics’ earnings. The highest EPS estimate is $0.06 and the lowest is $0.05. Photronics reported earnings of $0.03 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 100%. The firm is expected to report its next earnings results before the market opens on Wednesday, February 14th.
On average, analysts expect that Photronics will report full year earnings of $0.40 per share for the current financial year, with EPS estimates ranging from $0.30 to $0.50. For the next fiscal year, analysts forecast that the business will post earnings of $0.95 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Photronics.
Photronics (NASDAQ:PLAB) last issued its earnings results on Wednesday, February 14th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. Photronics had a return on equity of 1.55% and a net margin of 2.91%. The firm had revenue of $123.40 million for the quarter, compared to analysts’ expectations of $114.13 million. During the same quarter last year, the business earned $0.03 earnings per share. The company’s revenue was up 12.4% compared to the same quarter last year.
A number of equities analysts have issued reports on PLAB shares. Zacks Investment Research upgraded Photronics from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. DA Davidson restated a “buy” rating and set a $13.00 target price on shares of Photronics in a report on Monday, November 27th. BidaskClub cut Photronics from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, ValuEngine cut Photronics from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.
Shares of Photronics (PLAB) traded down $0.10 on Friday, reaching $7.80. The company’s stock had a trading volume of 848,800 shares, compared to its average volume of 558,539. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.20 and a current ratio of 5.49. Photronics has a 12-month low of $7.20 and a 12-month high of $11.75. The company has a market capitalization of $545.52, a PE ratio of 39.00, a P/E/G ratio of 1.98 and a beta of 0.52.
In related news, VP Christopher J. Progler sold 4,000 shares of Photronics stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $9.55, for a total value of $38,200.00. Following the sale, the vice president now owns 78,900 shares of the company’s stock, valued at approximately $753,495. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Sean T. Smith sold 12,500 shares of Photronics stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $9.43, for a total value of $117,875.00. Following the completion of the sale, the senior vice president now directly owns 152,858 shares in the company, valued at approximately $1,441,450.94. The disclosure for this sale can be found here. Insiders have sold a total of 49,040 shares of company stock worth $452,165 in the last quarter. 3.71% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Group One Trading L.P. raised its position in Photronics by 90.8% in the 3rd quarter. Group One Trading L.P. now owns 11,977 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 5,700 shares during the last quarter. Aperio Group LLC acquired a new position in shares of Photronics during the 4th quarter worth approximately $110,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Photronics during the 3rd quarter worth approximately $114,000. State of Alaska Department of Revenue acquired a new position in shares of Photronics during the 4th quarter worth approximately $116,000. Finally, Wolverine Trading LLC acquired a new position in shares of Photronics during the 3rd quarter worth approximately $117,000. 94.39% of the stock is currently owned by institutional investors and hedge funds.
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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