Equities research analysts forecast that Photronics Inc (NASDAQ:PLAB) will post earnings of $0.07 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Photronics’ earnings. Photronics posted earnings per share of $0.03 in the same quarter last year, which would indicate a positive year-over-year growth rate of 133.3%. The business is scheduled to issue its next earnings results before the market opens on Tuesday, May 22nd.
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 financial year, analysts anticipate that the firm will report earnings of $0.90 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Photronics.
Photronics (NASDAQ:PLAB) last announced its earnings results on Wednesday, February 14th. The semiconductor company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The firm had revenue of $123.40 million for the quarter, compared to the consensus estimate of $114.13 million. Photronics had a net margin of 3.68% and a return on equity of 1.96%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the company posted $0.03 EPS.
PLAB stock traded up $0.05 during mid-day trading on Monday, hitting $8.05. 178,400 shares of the company were exchanged, compared to its average volume of 477,225. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.28 and a current ratio of 5.59. The company has a market capitalization of $559.03 million, a P/E ratio of 42.37, a price-to-earnings-growth ratio of 2.11 and a beta of 0.51. Photronics has a 1-year low of $8.10 and a 1-year high of $8.23.
In other news, Director Constantine S. Macricostas sold 400,000 shares of Photronics stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $7.73, for a total value of $3,092,000.00. Following the sale, the director now directly owns 692,575 shares in the company, valued at $5,353,604.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Walter M. Fiederowicz sold 6,000 shares of Photronics stock in a transaction that occurred 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 completion of the sale, the director now owns 39,000 shares in the company, valued at $322,530. The disclosure for this sale can be found here. Insiders sold 616,580 shares of company stock worth $4,776,488 over the last quarter. 3.73% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of PLAB. BlackRock Inc. raised its holdings in shares of Photronics by 99.7% in the fourth quarter. BlackRock Inc. now owns 8,932,962 shares of the semiconductor company’s stock valued at $76,153,000 after purchasing an additional 4,458,990 shares during the last quarter. Cortina Asset Management LLC acquired a new stake in shares of Photronics in the fourth quarter valued at approximately $3,964,000. DDD Partners LLC raised its holdings in shares of Photronics by 72.1% in the first quarter. DDD Partners LLC now owns 1,089,450 shares of the semiconductor company’s stock valued at $8,988,000 after purchasing an additional 456,457 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Photronics by 106.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 842,037 shares of the semiconductor company’s stock valued at $7,178,000 after purchasing an additional 434,174 shares during the last quarter. Finally, Matarin Capital Management LLC acquired a new position in Photronics during the first quarter worth $3,434,000. Institutional investors own 98.70% of the company’s stock.
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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