Photronics (PLAB) Set to Announce Quarterly Earnings on Tuesday

Photronics (NASDAQ:PLAB) is scheduled to announce its earnings results before the market opens on Tuesday, August 20th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Photronics has set its Q3 2019 guidance at $0.05-0.14 EPS and its Q3 guidance at $0.05-0.14 EPS.

Photronics (NASDAQ:PLAB) last posted its earnings results on Wednesday, May 22nd. The semiconductor company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.06. The business had revenue of $131.60 million for the quarter, compared to analysts’ expectations of $130.05 million. Photronics had a net margin of 7.30% and a return on equity of 4.10%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, analysts expect Photronics to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Photronics stock opened at $8.92 on Monday. 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 stock has a market capitalization of $576.09 million, a price-to-earnings ratio of 15.38, a P/E/G ratio of 2.06 and a beta of 0.59. Photronics has a 1-year low of $7.95 and a 1-year high of $11.58. The firm’s 50-day moving average price is $8.85 and its two-hundred day moving average price is $9.25.

In other Photronics news, Director Walter M. Fiederowicz sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $9.71, for a total transaction of $48,550.00. Following the sale, the director now directly owns 46,000 shares of the company’s stock, valued at $446,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 20,200 shares of company stock worth $184,162 over the last ninety days. Insiders own 3.58% of the company’s stock.

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

About Photronics

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 for Photronics (NASDAQ:PLAB)

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