Photronics (NASDAQ:PLAB) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 22nd. Analysts expect Photronics to post earnings of $0.06 per share for the quarter. Photronics has set its Q2 2019 guidance at $0.03-0.10 EPS and its Q2 guidance at $0.03-0.10 EPS.
Photronics (NASDAQ:PLAB) last posted its quarterly earnings data on Thursday, February 21st. The semiconductor company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. Photronics had a return on equity of 4.32% and a net margin of 7.72%. The company had revenue of $124.71 million for the quarter, compared to the consensus estimate of $125.10 million. During the same quarter in the previous year, the business earned $0.09 EPS. The company’s quarterly revenue was up 1.0% 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.
PLAB opened at $8.90 on Wednesday. Photronics has a one year low of $7.60 and a one year high of $11.58. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.19 and a current ratio of 2.33. The firm has a market capitalization of $626.92 million, a PE ratio of 15.34, a PEG ratio of 2.35 and a beta of 0.51.
A number of analysts have recently commented on the company. Zacks Investment Research downgraded Photronics from a “hold” rating to a “sell” rating in a research note on Tuesday, February 12th. TheStreet downgraded Photronics from a “b-” rating to a “c” rating in a research note on Friday, February 22nd. BidaskClub downgraded Photronics from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Finally, ValuEngine lowered Photronics from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $11.00.
In other news, VP Christopher J. Progler sold 5,600 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $9.87, for a total transaction of $55,272.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kang Jyh Lee sold 5,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $10.14, for a total value of $50,700.00. Following the sale, the insider now directly owns 118,175 shares in the company, valued at $1,198,294.50. The disclosure for this sale can be found here. Insiders have sold 23,400 shares of company stock worth $227,185 over the last ninety days. 3.58% of the stock is owned by insiders.
Photronics, Inc, together with its subsidiaries, manufactures and sells photomasks in Taiwan, Korea, the United States, Europe, and internationally. The company offers photomasks, which are high precision photographic quartz or glass plates containing microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays (FPDs), as well as that are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel display substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components.
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