Photronics (NASDAQ:PLAB) issued an update on its fourth quarter 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.11-0.17 for the period, compared to the Thomson Reuters consensus estimate of $0.12. The company issued revenue guidance of $143-151 million, compared to the consensus revenue estimate of $147 million.Photronics also updated its Q4 guidance to $0.11-0.17 EPS.
Photronics stock opened at $9.73 on Thursday. The company has a current ratio of 2.67, a quick ratio of 2.42 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $625.05 million, a PE ratio of 16.64, a P/E/G ratio of 2.24 and a beta of 0.59. Photronics has a 12 month low of $7.95 and a 12 month high of $11.58. The stock has a 50-day moving average price of $8.93 and a two-hundred day moving average price of $9.23.
Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Tuesday, August 20th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. Photronics had a return on equity of 4.10% and a net margin of 7.30%. The company had revenue of $138.11 million during the quarter, compared to the consensus estimate of $137.13 million. During the same period last year, the company earned $0.18 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. As a group, analysts predict that Photronics will post 0.42 earnings per share for the current fiscal year.
In other news, Director Walter M. Fiederowicz sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $9.71, for a total transaction of $48,550.00. Following the completion of the transaction, the director now directly owns 46,000 shares in the company, valued at $446,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 20,200 shares of company stock valued at $184,162 over the last 90 days. 3.58% of the stock is owned by corporate insiders.
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 or glass 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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