Photronics (PLAB) Projected to Post Quarterly Earnings on Wednesday

Photronics (NASDAQ:PLAB) is anticipated to announce its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce 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 posted its quarterly earnings data 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. 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 analysts’ expectations of $218.00 million. During the same quarter in the previous year, the business earned $0.60 EPS. Photronics’s revenue was down 2.2% compared to the same quarter last year.

Photronics Trading Down 1.1 %

Shares of PLAB stock opened at $22.27 on Monday. Photronics has a twelve month low of $20.25 and a twelve month high of $34.13. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 10.66 and a beta of 1.37. The stock has a fifty day simple moving average of $23.94 and a two-hundred day simple moving average of $23.89.

Wall Street Analyst Weigh In

Separately, DA Davidson upped their price objective on Photronics from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th.

Insider Transactions at Photronics

In related news, SVP Han Kyung Park sold 11,250 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $24.63, for a total value of $277,087.50. Following the completion of the sale, the senior vice president now owns 118,000 shares of the company’s stock, valued at approximately $2,906,340. This trade represents a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kang Jyh Lee sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $25.27, for a total value of $505,400.00. Following the sale, the chief executive officer now directly owns 524,600 shares of the company’s stock, valued at approximately $13,256,642. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 199,000 shares of company stock worth $4,878,810 over the last quarter. 3.88% of the stock is currently owned by insiders.

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.