Photronics (NASDAQ:PLAB) issued its quarterly earnings data on Tuesday. The semiconductor company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.08, Bloomberg Earnings reports. The business had revenue of $130.78 million during the quarter, compared to the consensus estimate of $124.17 million. Photronics had a net margin of 3.68% and a return on equity of 1.96%. The company’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 EPS. Photronics updated its Q3 guidance to $0.12-0.18 EPS.
PLAB stock opened at $8.45 on Tuesday. Photronics has a 12 month low of $7.20 and a 12 month high of $10.80. The firm has a market capitalization of $555.54 million, a P/E ratio of 44.47, a price-to-earnings-growth ratio of 2.09 and a beta of 0.51. The company has a quick ratio of 5.28, a current ratio of 5.59 and a debt-to-equity ratio of 0.06.
In related news, VP Christopher J. Progler sold 3,750 shares of the company’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $8.10, for a total value of $30,375.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Walter M. Fiederowicz sold 6,000 shares of the company’s 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 completion of the sale, the director now owns 39,000 shares of the company’s stock, valued at approximately $322,530. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,580 shares of company stock valued at $134,488. 3.73% of the stock is owned by insiders.
Several brokerages have recently weighed in on PLAB. BidaskClub upgraded shares of Photronics from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. ValuEngine downgraded shares of Photronics from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research upgraded shares of Photronics from a “sell” rating to a “hold” rating in a research report on Friday, February 16th.
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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