Wall Street brokerages expect Photronics, Inc. (NASDAQ:PLAB) to post $0.31 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Photronics’ earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.32. Photronics posted earnings per share of $0.13 in the same quarter last year, which would suggest a positive year-over-year growth rate of 138.5%. The firm is expected to issue its next quarterly earnings report on Wednesday, February 23rd.
According to Zacks, analysts expect that Photronics will report full-year earnings of $1.30 per share for the current year, with EPS estimates ranging from $1.27 to $1.33. For the next year, analysts expect that the firm will post earnings of $1.50 per share. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Photronics.
Photronics (NASDAQ:PLAB) last announced its earnings results on Wednesday, December 8th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. The business had revenue of $181.30 million during the quarter, compared to analysts’ expectations of $175.00 million. Photronics had a net margin of 8.35% and a return on equity of 5.24%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS.
PLAB has been the subject of a number of recent analyst reports. DA Davidson increased their target price on shares of Photronics from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, August 26th. Zacks Investment Research upgraded shares of Photronics from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research report on Saturday, December 11th.
This could be the most profitable event in crypto history. And it only happens once. If you miss it, there are no second chances.
In other news, CEO Peter S. Kirlin sold 61,250 shares of Photronics stock in a transaction that occurred on Wednesday, December 8th. The shares were sold at an average price of $16.59, for a total transaction of $1,016,137.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mitchell G. Tyson sold 6,000 shares of Photronics stock in a transaction that occurred on Wednesday, September 29th. The stock was sold at an average price of $13.83, for a total transaction of $82,980.00. The disclosure for this sale can be found here. Insiders sold a total of 75,400 shares of company stock valued at $1,224,840 in the last 90 days. Corporate insiders own 3.65% of the company’s stock.
Several large investors have recently modified their holdings of the company. Advisor Group Holdings Inc. boosted its stake in Photronics by 211.9% during the 3rd quarter. Advisor Group Holdings Inc. now owns 4,432 shares of the semiconductor company’s stock worth $60,000 after acquiring an additional 3,011 shares during the last quarter. FORA Capital LLC bought a new position in Photronics during the 2nd quarter worth approximately $72,000. Brandywine Global Investment Management LLC bought a new position in Photronics during the 2nd quarter worth approximately $134,000. Teacher Retirement System of Texas bought a new position in Photronics during the 3rd quarter worth approximately $139,000. Finally, Man Group plc bought a new position in Photronics during the 3rd quarter worth approximately $151,000. Institutional investors own 90.07% of the company’s stock.
Shares of Photronics stock opened at $17.63 on Wednesday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 19.37 and a beta of 0.87. The company has a quick ratio of 2.81, a current ratio of 3.13 and a debt-to-equity ratio of 0.09. The company has a 50-day simple moving average of $14.25 and a 200 day simple moving average of $13.79. Photronics has a 12-month low of $10.69 and a 12-month high of $18.25.
Photronics Company Profile
Photronics, Inc manufactures photomasks with high precision photographic quartz or glass plates containing microscopic images of electronic circuits. It manufactures semiconductors and flat-panel displays and is used as masters to transfer circuit patterns onto semiconductor wafers and FPD substrates during the fabrication of integrated circuits, a variety of FPDs and other types of electrical and optical components.
Recommended Story: Quiet Period Expirations Explained
Get a free copy of the Zacks research report on Photronics (PLAB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Photronics right now?
Before you consider Photronics, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Photronics wasn’t on the list.
While Photronics currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Read More: Zacks: Brokerages Expect Photronics, Inc. (NASDAQ:PLAB) to Post $0.31 Earnings Per Share