Photronics Inc. (PLAB) Issues Q1 Earnings Guidance
Photronics Inc. (NASDAQ:PLAB) updated its first quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.03-0.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.09, Analyst Ratings Network.com reports. The company issued revenue guidance of ~$101.5 million, compared to the consensus revenue estimate of $105.54 million.
A number of research firms have recently commented on PLAB. Analysts at Jefferson Research upgraded shares of Photronics from a hold rating to a buy rating in a research note to investors on Friday, January 10th. On a related note, analysts at UBS AG raised their price target on shares of Photronics from $8.00 to $11.00 in a research note to investors on Friday, December 13th. They now have a buy rating on the stock. Finally, analysts at Needham & Company downgraded shares of Photronics from a buy rating to a hold rating in a research note to investors on Wednesday, November 13th.
Shares of Photronics Inc. (NASDAQ:PLAB) traded down 0.85% during mid-day trading on Monday, hitting $8.18. The stock had a trading volume of 229,093 shares. Photronics Inc. has a 52 week low of $5.97 and a 52 week high of $9.75. The stock has a 50-day moving average of $8.53 and a 200-day moving average of $8.16. The company has a market cap of $503.5 million and a price-to-earnings ratio of 28.45.
Photronics (NASDAQ:PLAB) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.01. The company had revenue of $106.00 million for the quarter, compared to the consensus estimate of $106.05 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts expect that Photronics Inc. will post $0.58 EPS for the current fiscal year.
Photronics, Inc (NASDAQ:PLAB), is a manufacturers of photomasks, which are precision photographic quartz plates containing microscopic images of electronic circuits.
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