Photronics (PLAB) to Release Quarterly Earnings on Tuesday

Photronics (NASDAQ:PLAB) is scheduled to 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 announced its earnings results on Wednesday, November 29th. The semiconductor company reported $0.08 EPS for the quarter, beating 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 business had revenue of $121.00 million during the quarter, compared to the consensus estimate of $112.17 million. During the same period in the prior year, the business posted $0.05 earnings per share. Photronics’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.

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

In related news, VP Richelle E. Burr sold 3,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $9.00, for a total value of $27,000.00. Following the completion of the sale, the vice president now directly owns 45,109 shares of the company’s stock, valued at approximately $405,981. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Sean T. Smith sold 25,000 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $9.19, for a total value of $229,750.00. Following the completion of the transaction, the senior vice president now directly owns 165,358 shares in the company, valued at $1,519,640.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,040 shares of company stock valued at $479,165. Company insiders own 3.71% of the company’s stock.

Several equities research analysts recently issued reports on PLAB shares. DA Davidson reissued a “buy” rating and issued a $13.00 price objective on shares of Photronics in a research note on Monday, November 27th. Zacks Investment Research raised Photronics from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. BidaskClub downgraded Photronics from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, ValuEngine downgraded Photronics from a “hold” rating to a “sell” rating in a research note on Friday.

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About Photronics

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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