Photronics (PLAB) Projected to Post Quarterly Earnings on Wednesday

Photronics (NASDAQ:PLAB) is expected to release its earnings data before the market opens on Wednesday, February 19th. Analysts expect Photronics to post earnings of $0.47 per share and revenue of $210.00 million for the quarter. Photronics has set its Q1 2025 guidance at 0.430-0.490 EPS and its Q1 guidance at $0.43-0.49 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Photronics (NASDAQ:PLAB) last issued its earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The company had revenue of $222.60 million during the quarter, compared to the consensus estimate of $218.00 million. During the same period in the previous year, the firm posted $0.60 earnings per share. Photronics’s quarterly revenue was down 2.2% compared to the same quarter last year.

Photronics Stock Down 1.1 %

Shares of PLAB stock opened at $22.27 on Monday. The business has a 50 day moving average of $23.94 and a two-hundred day moving average of $23.89. Photronics has a 52 week low of $20.25 and a 52 week high of $34.13. The company has a market cap of $1.41 billion, a P/E ratio of 10.66 and a beta of 1.37.

Insider Buying and Selling at Photronics

In other Photronics news, CEO Kang Jyh Lee sold 8,750 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $24.40, for a total value of $213,500.00. Following the transaction, the chief executive officer now owns 572,100 shares of the company’s stock, valued at approximately $13,959,240. This represents a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Adam M. Lewis sold 19,750 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $24.11, for a total value of $476,172.50. Following the completion of the transaction, the director now directly owns 22,250 shares in the company, valued at $536,447.50. This represents a 47.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 199,000 shares of company stock valued at $4,878,810. Corporate insiders own 3.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lifted their price target on Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, December 12th.

Photronics Company Profile

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.