Photronics (PLAB) Scheduled to Post Quarterly Earnings on Wednesday

Photronics (NASDAQ:PLAB – Get Rating) will be announcing its earnings results before the market opens on Wednesday, May 24th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Photronics has set its Q2 2023 guidance at $0.38-$0.48 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Photronics (NASDAQ:PLAB – Get Rating) last issued its earnings results on Monday, February 20th. The semiconductor company reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. The firm had revenue of $211.09 million during the quarter, compared to analyst estimates of $194.00 million. Photronics had a net margin of 13.26% and a return on equity of 11.20%. During the same quarter last year, the business earned $0.38 earnings per share. On average, analysts expect Photronics to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Photronics Price Performance

Shares of NASDAQ:PLAB opened at $16.60 on Wednesday. The company has a quick ratio of 3.25, a current ratio of 3.52 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.04 billion, a PE ratio of 9.07 and a beta of 1.18. Photronics has a twelve month low of $13.86 and a twelve month high of $25.81. The company has a 50-day moving average price of $15.66 and a two-hundred day moving average price of $17.10.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Northland Securities cut their price objective on shares of Photronics from $21.00 to $18.00 and set an “outperform” rating for the company in a research report on Monday, April 17th. StockNews.com assumed coverage on shares of Photronics in a research report on Thursday, March 16th. They issued a “buy” rating for the company. Finally, DA Davidson restated a “buy” rating on shares of Photronics in a research report on Tuesday, April 11th.

Institutional Investors Weigh In On Photronics

Institutional investors and hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC purchased a new stake in Photronics in the first quarter valued at approximately $190,000. Advisor Partners II LLC purchased a new position in shares of Photronics during the fourth quarter worth approximately $187,000. Pathstone Family Office LLC raised its stake in shares of Photronics by 8.5% during the fourth quarter. Pathstone Family Office LLC now owns 11,013 shares of the semiconductor company’s stock worth $184,000 after acquiring an additional 859 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Photronics during the third quarter worth approximately $181,000. Finally, Cetera Advisor Networks LLC purchased a new position in shares of Photronics during the fourth quarter worth approximately $169,000. 90.41% of the stock is owned by hedge funds and other institutional investors.

Photronics Company Profile

(Get Rating)

Photronics, Inc engages in the provision of photomasks. It manufactures semiconductors and flat-panel displays and is used as masters to transfer circuit patterns onto semiconductor wafers and FPD substrates during the fabrication of integrated circuits, a variety of FPDs and other types of electrical and optical components.