Photronics (NASDAQ:PLAB) Announces Quarterly Earnings Results

Photronics (NASDAQ:PLAB) issued its quarterly earnings results on Wednesday. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07, Zacks reports. Photronics had a net margin of 15.07% and a return on equity of 9.10%. The business had revenue of $222.60 million for the quarter, compared to analyst estimates of $218.00 million. During the same quarter in the prior year, the business posted $0.60 EPS. Photronics’s revenue for the quarter was down 2.2% compared to the same quarter last year. Photronics updated its Q1 2025 guidance to 0.430-0.490 EPS and its Q1 guidance to $0.43-0.49 EPS.

Photronics Trading Down 6.4 %

NASDAQ PLAB opened at $26.27 on Friday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 12.57 and a beta of 1.41. The stock has a 50-day moving average of $24.40 and a 200 day moving average of $24.55. Photronics has a twelve month low of $20.25 and a twelve month high of $34.16.

Analysts Set New Price Targets

Several research analysts recently issued reports on PLAB shares. DA Davidson raised their target price on shares of Photronics from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com raised Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 28th.

About Photronics

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.