Analysts Anticipate Photronics, Inc. (PLAB) to Announce $0.09 Earnings Per Share
Equities research analysts predict that Photronics, Inc. (NASDAQ:PLAB) will announce earnings per share (EPS) of $0.09 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Photronics’ earnings. The lowest EPS estimate is $0.07 and the highest is $0.10. Photronics posted earnings per share of $0.12 during the same quarter last year, which suggests a negative year-over-year growth rate of 25%. The firm is expected to issue its next earnings results on Thursday, August 17th.
According to Zacks, analysts expect that Photronics will report full-year earnings of $0.27 per share for the current fiscal year, with EPS estimates ranging from $0.25 to $0.30. For the next year, analysts anticipate that the firm will report earnings of $0.71 per share, with EPS estimates ranging from $0.57 to $0.85. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Photronics.
Photronics (NASDAQ:PLAB) last posted its earnings results on Wednesday, May 17th. The semiconductor company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.02. Photronics had a return on equity of 1.84% and a net margin of 3.81%. The business had revenue of $108.30 million during the quarter, compared to the consensus estimate of $111.16 million. During the same quarter last year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was down 11.9% on a year-over-year basis.
A number of brokerages have weighed in on PLAB. ValuEngine upgraded shares of Photronics from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Photronics from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. Finally, BidaskClub upgraded shares of Photronics from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Photronics currently has an average rating of “Hold” and a consensus price target of $12.83.
Shares of Photronics (PLAB) opened at 10.20 on Wednesday. The company has a market capitalization of $702.49 million, a P/E ratio of 41.13 and a beta of 0.47. Photronics has a 12-month low of $8.20 and a 12-month high of $12.10. The stock has a 50 day moving average of $9.92 and a 200-day moving average of $10.73.
Several large investors have recently made changes to their positions in PLAB. Bank of America Corp DE boosted its stake in shares of Photronics by 0.5% in the first quarter. Bank of America Corp DE now owns 55,456 shares of the semiconductor company’s stock worth $593,000 after buying an additional 271 shares in the last quarter. Adams Diversified Equity Fund Inc. boosted its stake in shares of Photronics by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 61,900 shares of the semiconductor company’s stock worth $662,000 after buying an additional 1,700 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Photronics by 4.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 44,589 shares of the semiconductor company’s stock worth $477,000 after buying an additional 1,987 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Photronics by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 41,820 shares of the semiconductor company’s stock worth $448,000 after buying an additional 2,104 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Photronics by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 106,153 shares of the semiconductor company’s stock worth $1,200,000 after buying an additional 2,560 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.
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.
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