Photronics (NASDAQ:PLAB) Releases Q4 2019 Earnings Guidance

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Photronics (NASDAQ:PLAB) issued an update on its fourth quarter 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.11-0.17 for the period, compared to the Thomson Reuters consensus earnings per share 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.

PLAB stock opened at $9.42 on Wednesday. Photronics has a 1-year low of $7.95 and a 1-year high of $11.58. The firm has a market cap of $598.23 million, a P/E ratio of 16.24, a P/E/G ratio of 2.14 and a beta of 0.59. The business’s 50 day moving average is $8.91 and its 200-day moving average is $9.24. The company has a current ratio of 2.67, a quick ratio of 2.42 and a debt-to-equity ratio of 0.04.

Photronics (NASDAQ:PLAB) last released its quarterly earnings data on Tuesday, August 20th. The semiconductor company reported $0.10 earnings per share for the quarter, meeting the 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 for the quarter, compared to analyst estimates of $137.13 million. During the same period in the prior year, the company posted $0.18 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. Sell-side analysts forecast that Photronics will post 0.42 EPS for the current year.

PLAB has been the topic of several analyst reports. Zacks Investment Research lowered Photronics from a buy rating to a hold rating in a research note on Thursday, July 25th. TheStreet lowered Photronics from a b- rating to a c rating in a research note on Friday, June 7th. BidaskClub upgraded Photronics from a hold rating to a buy rating in a research note on Friday, July 26th. Finally, Northland Securities initiated coverage on Photronics in a research note on Thursday, July 18th. They issued an outperform rating and a $12.00 price objective on the stock. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $11.00.

In other news, Director Walter M. Fiederowicz sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $9.71, for a total value of $48,550.00. Following the transaction, the director now directly owns 46,000 shares of the company’s stock, valued at approximately $446,660. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 20,200 shares of company stock worth $184,162. Corporate insiders own 3.58% of the company’s stock.

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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Earnings History and Estimates for Photronics (NASDAQ:PLAB)

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