Brokers Set Expectations for Photronics, Inc.’s Q4 2018 Earnings (PLAB)
Photronics, Inc. (NASDAQ:PLAB) – Equities research analysts at DA Davidson decreased their Q4 2018 earnings per share estimates for Photronics in a note issued to investors on Wednesday. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will earn $0.19 per share for the quarter, down from their previous estimate of $0.21. DA Davidson has a “Buy” rating and a $13.00 price target on the stock.
Photronics (NASDAQ:PLAB) last issued its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Photronics had a return on equity of 1.55% and a net margin of 2.91%. The company had revenue of $121.00 million for the quarter, compared to analyst estimates of $112.17 million. During the same quarter last year, the company posted $0.05 EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year.
Several other equities analysts have also issued reports on PLAB. BidaskClub lowered Photronics from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded Photronics from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th.
Shares of Photronics (NASDAQ PLAB) traded up $0.12 on Monday, hitting $9.12. The stock had a trading volume of 660,076 shares, compared to its average volume of 574,261. Photronics has a one year low of $7.55 and a one year high of $12.10. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.20 and a current ratio of 5.49. The company has a market cap of $620.45, a price-to-earnings ratio of 46.00, a price-to-earnings-growth ratio of 2.30 and a beta of 0.53.
In related news, VP Christopher J. Progler sold 4,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $8.85, for a total transaction of $35,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Richelle E. Burr sold 3,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $9.00, for a total value of $27,000.00. Following the sale, the vice president now owns 45,109 shares in the company, valued at approximately $405,981. The disclosure for this sale can be found here. In the last quarter, insiders bought 5,000 shares of company stock worth $41,050 and sold 86,000 shares worth $798,288. Company insiders own 3.71% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. grew its position in Photronics by 1,665.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,766,054 shares of the semiconductor company’s stock worth $16,601,000 after acquiring an additional 1,666,037 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Photronics by 35.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 231,428 shares of the semiconductor company’s stock worth $2,176,000 after buying an additional 60,668 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Photronics by 2,734.1% in the 2nd quarter. D.A. Davidson & CO. now owns 403,860 shares of the semiconductor company’s stock valued at $3,796,000 after purchasing an additional 389,610 shares during the period. SG Americas Securities LLC acquired a new position in shares of Photronics in the 3rd quarter valued at about $1,191,000. Finally, Palouse Capital Management Inc. increased its position in Photronics by 118.1% in the 3rd quarter. Palouse Capital Management Inc. now owns 33,458 shares of the semiconductor company’s stock valued at $296,000 after buying an additional 18,115 shares in the last quarter. Institutional investors and hedge funds own 94.71% of the company’s stock.
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.
Receive News & Ratings for Photronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Photronics Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.