Brokerages expect Photronics Inc (NASDAQ:PLAB) to announce earnings of $0.07 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Photronics’ earnings. Photronics posted earnings per share of $0.03 in the same quarter last year, which would indicate a positive year over year growth rate of 133.3%. The company is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, May 22nd.
According to Zacks, analysts expect that Photronics will report full-year earnings of $0.38 per share for the current year, with EPS estimates ranging from $0.31 to $0.45. For the next fiscal year, analysts anticipate that the business will post earnings of $0.90 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Photronics.
Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Wednesday, February 14th. The semiconductor company reported $0.09 EPS for the quarter, beating 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 company 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 EPS. The firm’s revenue was up 12.4% compared to the same quarter last year.
Several equities analysts have commented on the stock. ValuEngine cut shares of Photronics from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. BidaskClub raised shares of Photronics from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. Finally, Zacks Investment Research raised shares of Photronics from a “sell” rating to a “hold” rating in a research report on Friday, February 16th.
In other news, Director Constantine S. Macricostas sold 200,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $7.75, for a total value of $1,550,000.00. Following the sale, the director now directly owns 692,575 shares in the company, valued at approximately $5,367,456.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Constantine S. Macricostas sold 400,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $7.73, for a total transaction of $3,092,000.00. Following the completion of the sale, the director now owns 692,575 shares in the company, valued at $5,353,604.75. The disclosure for this sale can be found here. Insiders sold a total of 616,580 shares of company stock valued at $4,776,488 in the last three months. 3.73% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in PLAB. BlackRock Inc. raised its holdings in shares of Photronics by 99.7% in the 4th quarter. BlackRock Inc. now owns 8,932,962 shares of the semiconductor company’s stock valued at $76,153,000 after purchasing an additional 4,458,990 shares in the last quarter. Cortina Asset Management LLC acquired a new stake in shares of Photronics in the 4th quarter valued at $3,964,000. DDD Partners LLC raised its holdings in shares of Photronics by 72.1% in the 1st quarter. DDD Partners LLC now owns 1,089,450 shares of the semiconductor company’s stock valued at $8,988,000 after purchasing an additional 456,457 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Photronics by 106.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 842,037 shares of the semiconductor company’s stock worth $7,178,000 after acquiring an additional 434,174 shares in the last quarter. Finally, Matarin Capital Management LLC acquired a new stake in Photronics during the 1st quarter worth $3,434,000. Institutional investors and hedge funds own 98.90% of the company’s stock.
Photronics traded up $0.10, hitting $8.25, during midday trading on Monday, Marketbeat Ratings reports. The company’s stock had a trading volume of 4,509 shares, compared to its average volume of 365,792. The company has a quick ratio of 5.28, a current ratio of 5.59 and a debt-to-equity ratio of 0.06. Photronics has a 52-week low of $8.10 and a 52-week high of $8.25. The stock has a market capitalization of $569.51 million, a PE ratio of 43.42, a P/E/G ratio of 2.14 and a beta of 0.51.
Photronics, Inc, together with its subsidiaries, manufactures and sells photomasks in Taiwan, Korea, the United States, Europe, and internationally. The company offers photomasks, which are high precision photographic quartz 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 flat panel display substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components.
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