Photronics, Inc. (PLAB) Expected to Announce Earnings of $0.06 Per Share

Analysts forecast that Photronics, Inc. (NASDAQ:PLAB) will report earnings of $0.06 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Photronics’ earnings. Photronics posted earnings of $0.05 per share in the same quarter last year, which would suggest a positive year over year growth rate of 20%. The business is scheduled to issue its next earnings report before the market opens on Wednesday, November 29th.

On average, analysts expect that Photronics will report full-year earnings of $0.19 per share for the current financial year, with EPS estimates ranging from $0.17 to $0.20. For the next fiscal year, analysts forecast that the business will report earnings of $0.48 per share, with EPS estimates ranging from $0.36 to $0.60. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Photronics.

Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Monday, August 14th. The semiconductor company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). The company had revenue of $111.60 million during the quarter, compared to analysts’ expectations of $115.14 million. Photronics had a return on equity of 1.33% and a net margin of 2.97%. During the same period in the prior year, the business posted $0.12 EPS.

Several equities analysts have weighed in on the company. Zacks Investment Research cut Photronics from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BidaskClub cut Photronics from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.

Shares of Photronics (NASDAQ:PLAB) traded down $0.25 on Thursday, reaching $8.80. The company had a trading volume of 741,700 shares, compared to its average volume of 564,117. The stock has a market cap of $620.45, a PE ratio of 53.24, a P/E/G ratio of 1.89 and a beta of 0.54. Photronics has a 1 year low of $7.55 and a 1 year high of $12.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.91 and a quick ratio of 5.59.

In related news, VP Christopher J. Progler sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $8.85, for a total value of $35,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Richelle E. Burr sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $9.00, for a total value of $27,000.00. Following the completion of the sale, the vice president now owns 45,109 shares of the company’s stock, valued at $405,981. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,500 shares of company stock valued at $412,463. 3.71% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Investors Inc. PA lifted its holdings in Photronics by 61.9% in the 2nd quarter. Federated Investors Inc. PA now owns 10,991 shares of the semiconductor company’s stock worth $103,000 after purchasing an additional 4,203 shares during the last quarter. Group One Trading L.P. lifted its holdings in Photronics by 90.8% in the 3rd quarter. Group One Trading L.P. now owns 11,977 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 5,700 shares during the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in Photronics in the 3rd quarter worth approximately $114,000. Wolverine Trading LLC acquired a new stake in Photronics in the 3rd quarter worth approximately $117,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in Photronics by 78.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,302 shares of the semiconductor company’s stock worth $125,000 after purchasing an additional 5,844 shares during the last quarter. Hedge funds and other institutional investors own 95.71% of the company’s stock.

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About Photronics

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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Earnings History and Estimates for Photronics (NASDAQ:PLAB)

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