Equities research analysts expect Photronics, Inc. (NASDAQ:PLAB) to report sales of $112.10 million for the current quarter, according to Zacks. Two analysts have issued estimates for Photronics’ earnings, with estimates ranging from $112.00 million to $112.20 million. Photronics reported sales of $107.37 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The company is expected to report its next quarterly earnings report before the market opens on Wednesday, November 29th.

On average, analysts expect that Photronics will report full year sales of $112.10 million for the current fiscal year, with estimates ranging from $441.70 million to $442.00 million. For the next year, analysts expect that the firm will report sales of $492.50 million per share, with estimates ranging from $465.00 million to $520.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Photronics.

A number of analysts have issued reports on the company. Zacks Investment Research raised Photronics from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. BidaskClub downgraded Photronics from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th.

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In other Photronics news, VP Richelle E. Burr sold 3,000 shares of Photronics stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $9.00, for a total value of $27,000.00. Following the sale, the vice president now owns 45,109 shares of the company’s stock, valued at approximately $405,981. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sean T. Smith sold 18,750 shares of Photronics stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $9.19, for a total value of $172,312.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,500 shares of company stock worth $412,463. Corporate insiders own 3.71% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in PLAB. Victory Capital Management Inc. increased its position in shares of Photronics by 1,665.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,766,054 shares of the semiconductor company’s stock valued at $16,601,000 after purchasing an additional 1,666,037 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Photronics by 35.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 231,428 shares of the semiconductor company’s stock valued at $2,176,000 after purchasing an additional 60,668 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Photronics by 2,734.1% during the 2nd quarter. D.A. Davidson & CO. now owns 403,860 shares of the semiconductor company’s stock valued at $3,796,000 after purchasing an additional 389,610 shares during the last quarter. Palouse Capital Management Inc. increased its position in shares of Photronics by 118.1% during the 3rd quarter. Palouse Capital Management Inc. now owns 33,458 shares of the semiconductor company’s stock valued at $296,000 after purchasing an additional 18,115 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Photronics by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 499,103 shares of the semiconductor company’s stock valued at $4,692,000 after purchasing an additional 23,394 shares during the last quarter. 95.38% of the stock is currently owned by institutional investors and hedge funds.

Photronics (PLAB) traded up $0.30 during midday trading on Friday, reaching $9.10. The company had a trading volume of 875,817 shares, compared to its average volume of 570,043. The company has a current ratio of 5.91, a quick ratio of 5.59 and a debt-to-equity ratio of 0.07. Photronics has a one year low of $7.55 and a one year high of $12.10. The stock has a market cap of $608.38, a PE ratio of 51.47, a PEG ratio of 1.82 and a beta of 0.54.

About Photronics

Photronics, Inc is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. As of October 30, 2016, the Company operated principally from nine manufacturing facilities: two located in Europe, three in Taiwan, one in Korea and three in the United States.

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Earnings History and Estimates for Photronics (NASDAQ:PLAB)

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