Photronics (PLAB) Issues Q2 Earnings Guidance

Photronics (NASDAQ:PLAB) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.04-0.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.09. The company issued revenue guidance of $120-128 million, compared to the consensus revenue estimate of $120.57 million.

Shares of Photronics (NASDAQ:PLAB) traded up $0.05 during mid-day trading on Friday, reaching $7.70. 280,700 shares of the company’s stock were exchanged, compared to its average volume of 575,011. The company has a market cap of $528.25, a P/E ratio of 29.42, a P/E/G ratio of 2.01 and a beta of 0.52. Photronics has a twelve month low of $7.20 and a twelve month high of $11.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.59 and a quick ratio of 5.28.

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 Thomson Reuters’ consensus estimate of $0.06 by $0.03. Photronics had a net margin of 3.68% and a return on equity of 1.96%. The firm had revenue of $123.40 million during the quarter, compared to analysts’ expectations of $114.13 million. During the same quarter last year, the company posted $0.03 earnings per share. The firm’s revenue was up 12.4% compared to the same quarter last year. analysts expect that Photronics will post 0.38 earnings per share for the current fiscal year.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Photronics from a sell rating to a hold rating in a research report on Friday, February 16th. BidaskClub lowered shares of Photronics from a sell rating to a strong sell rating in a research report on Tuesday, January 30th. ValuEngine lowered shares of Photronics from a hold rating to a sell rating in a research report on Friday, February 2nd. Finally, DA Davidson restated a buy rating and set a $13.00 price target on shares of Photronics in a research report on Monday, November 27th.

In other Photronics news, VP Richelle E. Burr sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $9.00, for a total transaction of $36,000.00. Following the completion of the transaction, the vice president now owns 41,109 shares in the company, valued at approximately $369,981. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Sean T. Smith sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $9.43, for a total transaction of $117,875.00. Following the transaction, the senior vice president now owns 152,858 shares of the company’s stock, valued at approximately $1,441,450.94. The disclosure for this sale can be found here. Insiders sold a total of 624,040 shares of company stock worth $4,864,415 over the last three months. Insiders own 3.71% of the company’s stock.

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Photronics Company Profile

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.

Earnings History and Estimates for Photronics (NASDAQ:PLAB)

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