Photronics (PLAB) Expected to Announce 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.

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

Photronics Trading Down 1.3 %

Photronics stock opened at $22.25 on Thursday. The stock has a market cap of $1.41 billion, a P/E ratio of 10.65 and a beta of 1.37. The company has a fifty day simple moving average of $24.04 and a 200-day simple moving average of $23.92. Photronics has a 12-month low of $20.25 and a 12-month high of $34.13.

Insiders Place Their Bets

In other news, EVP Christopher J. Progler sold 63,000 shares of Photronics stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $24.85, for a total transaction of $1,565,550.00. Following the sale, the executive vice president now owns 219,166 shares in the company, valued at approximately $5,446,275.10. The trade was a 22.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Han Kyung Park sold 11,250 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $23.80, for a total value of $267,750.00. Following the completion of the sale, the senior vice president now directly owns 102,500 shares of the company’s stock, valued at approximately $2,439,500. This trade represents a 9.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 199,000 shares of company stock valued at $4,878,810. 3.88% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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 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.