Equities analysts predict that Photronics Inc (NASDAQ:PLAB) will announce earnings per share (EPS) of $0.07 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Photronics’ earnings. Photronics reported earnings of $0.03 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 133.3%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, May 16th.
On average, analysts expect that Photronics will report full year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.31 to $0.45. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.90 per share. Zacks Investment Research’s earnings per share 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 results on Wednesday, February 14th. The semiconductor company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. The business had revenue of $123.40 million during the quarter, compared to analyst estimates of $114.13 million. Photronics had a net margin of 3.68% and a return on equity of 1.96%. Photronics’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 EPS.
PLAB stock remained flat at $$7.85 during midday trading on Friday. 607,883 shares of the company’s stock were exchanged, compared to its average volume of 507,430. The company has a market cap of $538.07, a price-to-earnings ratio of 41.45, a PEG ratio of 2.03 and a beta of 0.53. The company has a quick ratio of 5.28, a current ratio of 5.59 and a debt-to-equity ratio of 0.06. Photronics has a fifty-two week low of $7.20 and a fifty-two week high of $11.75.
In other Photronics news, Director Walter M. Fiederowicz sold 6,000 shares of Photronics stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $8.27, for a total transaction of $49,620.00. Following the transaction, the director now directly owns 39,000 shares of the company’s stock, valued at approximately $322,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher J. Progler sold 3,750 shares of Photronics stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $8.10, for a total transaction of $30,375.00. The disclosure for this sale can be found here. Insiders have sold a total of 612,870 shares of company stock worth $4,748,515 over the last ninety days. Insiders own 3.73% of the company’s stock.
Several large investors have recently modified their holdings of PLAB. Nationwide Fund Advisors boosted its holdings in shares of Photronics by 34.1% in the 3rd quarter. Nationwide Fund Advisors now owns 119,518 shares of the semiconductor company’s stock worth $1,058,000 after buying an additional 30,424 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Photronics by 16,929.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 275,371 shares of the semiconductor company’s stock worth $2,300,000 after buying an additional 273,754 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Photronics by 51.8% in the 3rd quarter. Wells Fargo & Company MN now owns 73,014 shares of the semiconductor company’s stock worth $646,000 after buying an additional 24,928 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Photronics by 4.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 520,312 shares of the semiconductor company’s stock worth $4,605,000 after buying an additional 21,209 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Photronics by 55.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 97,150 shares of the semiconductor company’s stock worth $860,000 after buying an additional 34,845 shares during the last quarter. 98.10% of the stock is currently owned by institutional investors.
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Photronics Company Profile
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 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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