Equities analysts expect that Photronics, Inc. (NASDAQ:PLAB) will announce earnings of $0.07 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Photronics’ earnings. Photronics posted earnings of $0.03 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 133.3%. The firm is scheduled to announce its next earnings results on Wednesday, May 16th.
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 fiscal year, analysts forecast that the business will report earnings of $0.90 per share. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Photronics.
Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Wednesday, February 14th. The semiconductor company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The business had revenue of $123.40 million during 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 firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 EPS.
In other Photronics news, Director Constantine S. Macricostas sold 400,000 shares of the 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 completion of the sale, the director now owns 692,575 shares in the company, valued at approximately $5,353,604.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Constantine S. Macricostas sold 200,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $7.75, for a total transaction of $1,550,000.00. Following the completion of the sale, the director now owns 692,575 shares of the company’s stock, valued at approximately $5,367,456.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 624,040 shares of company stock valued at $4,864,415. Insiders own 3.71% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in shares of Photronics by 99.7% during the 4th quarter. BlackRock Inc. now owns 8,932,962 shares of the semiconductor company’s stock worth $76,153,000 after purchasing an additional 4,458,990 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Photronics by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,952,069 shares of the semiconductor company’s stock worth $27,750,000 after purchasing an additional 91,349 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Photronics by 14.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,502,387 shares of the semiconductor company’s stock worth $21,333,000 after purchasing an additional 311,985 shares during the last quarter. Northern Trust Corp increased its stake in shares of Photronics by 30.9% during the 2nd quarter. Northern Trust Corp now owns 1,645,280 shares of the semiconductor company’s stock worth $15,466,000 after purchasing an additional 388,133 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in shares of Photronics by 6.0% during the 4th quarter. Wedge Capital Management L L P NC now owns 1,531,349 shares of the semiconductor company’s stock worth $13,055,000 after purchasing an additional 86,723 shares during the last quarter. Institutional investors own 94.74% of the company’s stock.
Shares of Photronics (NASDAQ PLAB) traded down $0.15 during trading hours on Tuesday, hitting $7.90. 249,199 shares of the company traded hands, compared to its average volume of 575,328. The company has a current ratio of 5.59, a quick ratio of 5.28 and a debt-to-equity ratio of 0.06. The stock has a market cap of $535.16, a P/E ratio of 30.39, a PEG ratio of 2.04 and a beta of 0.52. Photronics has a fifty-two week low of $7.20 and a fifty-two week high of $11.75.
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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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