Analysts predict that Photronics, Inc. (NASDAQ:PLAB) will post $114.10 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Photronics’ earnings, with estimates ranging from $114.00 million to $114.20 million. Photronics posted sales of $109.83 million during the same quarter last year, which suggests a positive year over year growth rate of 3.9%. The company is expected to report its next earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that Photronics will report full-year sales of $114.10 million for the current year, with estimates ranging from $483.00 million to $500.00 million. For the next financial year, analysts expect that the firm will post sales of $570.00 million per share. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Photronics.

Photronics (NASDAQ:PLAB) last announced its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $121.00 million for the quarter, compared to analysts’ expectations of $112.17 million. Photronics had a net margin of 2.91% and a return on equity of 1.55%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share.

A number of brokerages have recently commented on PLAB. Zacks Investment Research lowered shares of Photronics from a “hold” rating to a “strong sell” rating in a report on Saturday, December 2nd. BidaskClub lowered shares of Photronics from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, DA Davidson reiterated a “buy” rating and set a $13.00 price target on shares of Photronics in a report on Monday, November 27th.

In other news, insider Sean T. Smith sold 18,750 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $9.19, for a total transaction of $172,312.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher J. Progler sold 4,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $9.55, for a total transaction of $38,200.00. Following the sale, the vice president now directly owns 78,900 shares of the company’s stock, valued at $753,495. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 6,000 shares of company stock worth $50,050 and sold 86,000 shares worth $798,288. 3.71% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of PLAB. Federated Investors Inc. PA grew its position in Photronics by 61.9% in the 2nd quarter. Federated Investors Inc. PA now owns 10,991 shares of the semiconductor company’s stock worth $103,000 after purchasing an additional 4,203 shares in the last quarter. Group One Trading L.P. grew its position in Photronics by 90.8% in the 3rd quarter. Group One Trading L.P. now owns 11,977 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 5,700 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in Photronics in the 3rd quarter worth about $114,000. Wolverine Trading LLC bought a new stake in Photronics in the 3rd quarter worth about $117,000. Finally, BNP Paribas Arbitrage SA grew its position in Photronics by 78.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,302 shares of the semiconductor company’s stock worth $125,000 after purchasing an additional 5,844 shares in the last quarter. 94.71% of the stock is owned by institutional investors and hedge funds.

Photronics (PLAB) traded down $0.01 during midday trading on Thursday, hitting $9.12. 397,480 shares of the company’s stock were exchanged, compared to its average volume of 573,458. The company has a market capitalization of $620.45, a PE ratio of 45.00, a PEG ratio of 2.25 and a beta of 0.53. Photronics has a 12-month low of $7.55 and a 12-month high of $12.10. The company has a current ratio of 5.49, a quick ratio of 5.20 and a debt-to-equity ratio of 0.07.

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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.

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Earnings History and Estimates for Photronics (NASDAQ:PLAB)

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