Photronics (NASDAQ:PLAB) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.04-0.09 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.09. The company issued revenue guidance of $120-128 million, compared to the consensus revenue estimate of $120.57 million.
Shares of Photronics (NASDAQ PLAB) opened at $7.80 on Wednesday. The stock has a market cap of $545.52, a P/E ratio of 39.00, a PEG ratio of 1.98 and a beta of 0.52. Photronics has a 52 week low of $7.20 and a 52 week high of $11.75. The company has a quick ratio of 5.20, a current ratio of 5.49 and a debt-to-equity ratio of 0.07.
Photronics (NASDAQ:PLAB) last released its quarterly earnings results on Wednesday, February 14th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $123.40 million for the quarter, compared to the consensus estimate of $114.13 million. Photronics had a net margin of 2.91% and a return on equity of 1.55%. The business’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. sell-side analysts anticipate that Photronics will post 0.4 earnings per share for the current fiscal year.
In related news, SVP Sean T. Smith sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $9.43, for a total transaction of $117,875.00. Following the sale, the senior vice president now directly owns 152,858 shares of the company’s stock, valued at approximately $1,441,450.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Sean T. Smith sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $9.19, for a total transaction of $229,750.00. Following the sale, 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 ninety days, insiders have sold 49,040 shares of company stock worth $452,165. 3.71% of the stock is owned by insiders.
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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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