Photronics (PLAB) Projected to Post Quarterly Earnings on Wednesday

Photronics (NASDAQ:PLAB - Get Free Report) is anticipated to issue its quarterly earnings data 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.Investors interested in registering for the company's conference call can do so using this link.

Photronics (NASDAQ:PLAB - Get Free Report) last announced its earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.52 by $0.07. The company had revenue of $222.60 million for the quarter, compared to analysts' expectations of $218.00 million. Photronics had a net margin of 15.07% and a return on equity of 9.10%. The business's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share.

Photronics Stock Performance

Shares of PLAB stock traded down $0.25 during trading on Monday, hitting $22.27. The company had a trading volume of 247,903 shares, compared to its average volume of 417,226. The firm has a market capitalization of $1.41 billion, a P/E ratio of 10.66 and a beta of 1.37. Photronics has a one year low of $20.25 and a one year high of $34.13. The stock's 50-day moving average price is $23.94 and its 200 day moving average price is $23.88.

Analyst Ratings Changes

Separately, DA Davidson raised their price target on Photronics from $32.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th.

Insider Activity at Photronics

In related news, SVP Han Kyung Park sold 11,250 shares of the firm's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $24.63, for a total value of $277,087.50. Following the sale, the senior vice president now directly owns 118,000 shares of the company's stock, valued at $2,906,340. This trade represents a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kang Jyh Lee sold 20,000 shares of Photronics stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $25.27, for a total value of $505,400.00. Following the completion of the transaction, the chief executive officer now owns 524,600 shares in the company, valued at approximately $13,256,642. This 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 valued at $4,878,810 over the last three months. 3.88% of the stock is 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.