Equities analysts expect Photronics, Inc. (NASDAQ:PLAB) to report earnings per share of $0.07 for the current quarter, Zacks reports. Two analysts have provided estimates for Photronics’ earnings. Photronics posted earnings per share of $0.03 during the same quarter last year, which would suggest a positive year over year growth rate of 133.3%. The company is scheduled to issue its next quarterly earnings report on Wednesday, May 16th.
On average, analysts expect that Photronics will report full-year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.31 to $0.45. For the next year, analysts forecast that the firm will post earnings of $0.90 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Photronics.
Photronics (NASDAQ:PLAB) last announced its quarterly earnings results on Wednesday, February 14th. The semiconductor company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Photronics had a return on equity of 1.96% and a net margin of 3.68%. The company had revenue of $123.40 million during the quarter, compared to analysts’ expectations of $114.13 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The business’s quarterly revenue was up 12.4% compared to the same quarter last year.
A number of analysts have weighed in on the company. Zacks Investment Research cut Photronics from a “hold” rating to a “strong sell” rating in a research report on Saturday, December 2nd. DA Davidson reaffirmed a “buy” rating and issued a $13.00 price target on shares of Photronics in a research report on Monday, November 27th. BidaskClub cut Photronics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, ValuEngine cut Photronics from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd.
In related news, Director Constantine S. Macricostas sold 400,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $7.73, for a total transaction of $3,092,000.00. Following the completion of the transaction, the director now owns 692,575 shares of the company’s stock, valued at approximately $5,353,604.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Constantine S. Macricostas sold 200,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $7.75, for a total value of $1,550,000.00. Following the transaction, the director now directly owns 692,575 shares of the company’s stock, valued at approximately $5,367,456.25. The disclosure for this sale can be found here. Insiders sold 604,580 shares of company stock valued at $4,681,180 in the last ninety days. Insiders own 3.73% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Group One Trading L.P. lifted its position in shares of Photronics by 90.8% during the 3rd quarter. Group One Trading L.P. now owns 11,977 shares of the semiconductor company’s stock worth $106,000 after purchasing 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 about $110,000. State of Alaska Department of Revenue acquired a new position in shares of Photronics during the 4th quarter worth about $116,000. Wolverine Trading LLC acquired a new position in shares of Photronics during the 3rd quarter worth about $117,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Photronics by 111.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 15,078 shares of the semiconductor company’s stock worth $142,000 after purchasing an additional 7,962 shares during the last quarter. 98.64% of the stock is owned by institutional investors and hedge funds.
Shares of Photronics (NASDAQ:PLAB) opened at $9.10 on Friday. Photronics has a 12-month low of $7.20 and a 12-month high of $11.75. The firm has a market capitalization of $642.89, a PE ratio of 35.00, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.59 and a quick ratio of 5.28.
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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.
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