Photronics (NASDAQ:PLAB) Updates Q1 Earnings Guidance

Photronics (NASDAQ:PLAB) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.43-0.49 for the period, compared to the consensus earnings per share estimate of $0.46. The company issued revenue guidance of $208-216 million, compared to the consensus revenue estimate of $210.00 million. Photronics also updated its Q1 2025 guidance to 0.430-0.490 EPS.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 28th.

Photronics Stock Performance

Photronics stock opened at $25.32 on Wednesday. The company’s 50 day simple moving average is $24.30 and its 200-day simple moving average is $24.53. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 11.15 and a beta of 1.41. Photronics has a 1 year low of $20.25 and a 1 year high of $34.16.

Photronics (NASDAQ:PLAB) last released its quarterly earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The business had revenue of $222.60 million for the quarter, compared to the consensus estimate of $218.00 million. Photronics had a net margin of 16.22% and a return on equity of 9.46%. The business’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. Equities analysts expect that Photronics will post 2.08 earnings per share for the current year.

About Photronics

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.