Equities analysts expect Photronics, Inc. (NASDAQ:PLAB) to announce sales of $130.05 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Photronics’ earnings, with the lowest sales estimate coming in at $130.00 million and the highest estimate coming in at $130.10 million. Photronics posted sales of $130.78 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.6%. The business is expected to announce its next earnings report on Tuesday, May 28th.
According to Zacks, analysts expect that Photronics will report full-year sales of $542.35 million for the current fiscal year, with estimates ranging from $540.00 million to $544.70 million. For the next fiscal year, analysts anticipate that the business will report sales of $640.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Photronics.
Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Thursday, February 21st. The semiconductor company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The business had revenue of $124.71 million during the quarter, compared to analysts’ expectations of $125.10 million. Photronics had a net margin of 7.72% and a return on equity of 4.32%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share.
In related news, VP Christopher J. Progler sold 5,600 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $9.87, for a total transaction of $55,272.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kang Jyh Lee sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $10.14, for a total transaction of $50,700.00. Following the transaction, the insider now directly owns 118,175 shares in the company, valued at approximately $1,198,294.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,000 shares of company stock worth $291,127. Insiders own 3.58% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of PLAB. Oregon Public Employees Retirement Fund bought a new position in Photronics during the fourth quarter valued at approximately $26,000. Founders Capital Management bought a new position in shares of Photronics in the fourth quarter valued at approximately $68,000. First Quadrant L P CA bought a new position in shares of Photronics in the fourth quarter valued at approximately $77,000. Quantamental Technologies LLC bought a new position in shares of Photronics in the fourth quarter valued at approximately $101,000. Finally, Verition Fund Management LLC bought a new position in shares of Photronics in the third quarter valued at approximately $113,000. 95.39% of the stock is currently owned by hedge funds and other institutional investors.
PLAB stock opened at $9.31 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.33 and a debt-to-equity ratio of 0.03. The company has a market cap of $609.50 million, a P/E ratio of 16.05, a P/E/G ratio of 2.27 and a beta of 0.53. Photronics has a 52 week low of $7.60 and a 52 week high of $11.58.
Photronics Company Profile
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 or glass 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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