Photronics (PLAB) to Release Quarterly Earnings on Tuesday

Photronics (NASDAQ:PLAB) will issue its quarterly earnings data before the market opens on Tuesday, February 13th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Photronics has set its Q1 guidance at $0.02-0.09 EPS.

Photronics (NASDAQ:PLAB) last issued its earnings results on Wednesday, November 29th. The semiconductor company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. Photronics had a return on equity of 1.55% and a net margin of 2.91%. The company had revenue of $121.00 million for the quarter, compared to analyst estimates of $112.17 million. During the same period in the prior year, the firm posted $0.05 EPS. The business’s revenue was up 12.7% compared to the same quarter last year. On average, analysts expect Photronics to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Photronics (NASDAQ:PLAB) opened at $7.65 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.49 and a quick ratio of 5.20. Photronics has a 52-week low of $7.55 and a 52-week high of $11.80. The firm has a market capitalization of $545.52, a PE ratio of 38.25, a price-to-earnings-growth ratio of 1.98 and a beta of 0.52.

PLAB has been the topic of several research reports. DA Davidson reaffirmed a “buy” rating and issued a $13.00 target price on shares of Photronics in a research report on Monday, November 27th. BidaskClub lowered Photronics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Zacks Investment Research lowered Photronics from a “hold” rating to a “strong sell” rating in a research report on Saturday, December 2nd. Finally, ValuEngine lowered Photronics from a “hold” rating to a “sell” rating in a report on Friday.

In other news, VP Richelle E. Burr sold 4,000 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $9.00, for a total transaction of $36,000.00. Following the transaction, the vice president now owns 41,109 shares of the company’s stock, valued at approximately $369,981. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Sean T. Smith sold 25,000 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $9.19, for a total value of $229,750.00. Following the transaction, the senior vice president now directly owns 165,358 shares in the company, valued at approximately $1,519,640.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,040 shares of company stock worth $479,165. 3.71% of the stock is currently owned by insiders.

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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 for Photronics (NASDAQ:PLAB)

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