Wall Street brokerages expect Photronics, Inc. (NASDAQ: PLAB) to post earnings per share of $ 0.31 for the current fiscal quarter, according to Zacks. Two analysts have released earnings estimates for Photronics, with the lower EPS estimate being $ 0.31 and the higher estimate being $ 0.32. Photronics posted earnings per share of $ 0.13 in the same quarter last year, which would suggest a positive year-over-year growth rate of 138.5%. The company is expected to release its next quarterly earnings report on Wednesday, February 23.
According to Zacks, analysts expect Photronics to report annual earnings of $ 1.30 per share for the current year, with EPS estimates ranging from $ 1.27 to $ 1.33. For next year, analysts expect the company to post earnings of $ 1.50 per share. Zacks EPS Averages is an average based on a survey of research analysts who cover Photronics.
Photronics (NASDAQ: PLAB) last reported its results on Wednesday, December 8. The semiconductor company reported earnings per share (EPS) of $ 0.33 for the quarter, beating analyst consensus estimates of $ 0.25 by $ 0.08. The company posted revenue of $ 181.30 million in the quarter, compared to analysts’ expectations of $ 175.00 million. Photronics had a net margin of 8.35% and a return on equity of 5.24%. The company’s revenue for the quarter increased 21.4% year-over-year. In the same quarter of last year, the company posted EPS of $ 0.10.
PLAB has been the subject of a number of recent analyst reports. DA Davidson raised its target price on Photronics stock from $ 18.00 to $ 20.00 and gave the stock a “buy” rating in a research report on Thursday, August 26. Zacks Investment Research upgraded Photronics shares from a “hold” rating to a “strong buy” rating and set a price target of $ 20.00 for the company in a research report released on Saturday, December 11.
Meanwhile, CEO Peter S. Kirlin sold 61,250 shares of Photronics in a trade that took place on Wednesday, December 8. The shares were sold at an average price of $ 16.59, for a total trade of $ 1,016,137.50. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available at this link. In addition, director Mitchell G. Tyson sold 6,000 shares of Photronics in a trade that took place on Wednesday, September 29. The stock was sold for an average price of $ 13.83, for a total trade of $ 82,980.00. Disclosure of this sale can be found here. Insiders have sold a total of 75,400 shares of the company valued at $ 1,224,840 in the past 90 days. Company insiders own 3.65% of the company’s shares.
Several large investors have recently changed their holdings in the company. Advisor Group Holdings Inc. increased its stake in Photronics by 211.9% during the 3rd quarter. Advisor Group Holdings Inc. now owns 4,432 shares of the semiconductor company valued at $ 60,000 after acquiring an additional 3,011 shares in the last quarter. FORA Capital LLC purchased a new position in Photronics during the 2nd quarter valued at approximately $ 72,000. Brandywine Global Investment Management LLC purchased a new position in Photronics during the 2nd quarter valued at approximately $ 134,000. Teacher Retirement System of Texas purchased a new position in Photronics during the third quarter valued at approximately $ 139,000. Finally, Man Group plc bought a new position in Photronics during the 3rd quarter for a value of approximately $ 151,000. Institutional investors hold 90.07% of the shares of the company.
Shares of Photronics opened at $ 17.63 on Wednesday. The stock has a market cap of $ 1.08 billion, a P / E ratio of 19.37 and a beta of 0.87. The company has a quick ratio of 2.81, a current ratio of 3.13, and a debt ratio of 0.09. The company has a 50-day simple moving average of $ 14.25 and a 200-day simple moving average of $ 13.79. Photronics has a 12-month low of $ 10.69 and a 12-month high of $ 18.25.
Photronics Company Profile
Photronics, Inc. manufactures photomasks with high precision photographic quartz or glass plates containing microscopic images of electronic circuits. It manufactures semiconductors and flat panels and is used as masters to transfer circuit patterns to semiconductor wafers and FPD substrates when manufacturing integrated circuits, various FPDs and other types of electrical components. and optics.
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