Photronics (PLAB) Issues Q2 Earnings Guidance
Photronics (NASDAQ:PLAB) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.04-0.09 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.09. The company issued revenue guidance of $120-128 million, compared to the consensus revenue estimate of $120.57 million.
Several research firms have commented on PLAB. Zacks Investment Research upgraded shares of Photronics from a sell rating to a hold rating in a report on Tuesday, October 17th. DA Davidson reiterated a buy rating and set a $13.00 price target on shares of Photronics in a report on Monday, November 27th. BidaskClub cut shares of Photronics from a hold rating to a sell rating in a report on Tuesday, December 12th. Finally, ValuEngine cut shares of Photronics from a hold rating to a sell rating in a report on Friday, February 2nd.
Photronics (NASDAQ:PLAB) opened at $7.80 on Wednesday. The company has a current ratio of 5.49, a quick ratio of 5.20 and a debt-to-equity ratio of 0.07. Photronics has a twelve month low of $7.20 and a twelve month high of $11.75. The company has a market cap of $545.52, a P/E ratio of 39.00, a price-to-earnings-growth ratio of 1.98 and a beta of 0.52.
In other news, SVP Sean T. Smith sold 12,500 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $9.43, for a total value of $117,875.00. Following the completion of the transaction, the senior vice president now owns 152,858 shares in the company, valued at approximately $1,441,450.94. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Richelle E. Burr sold 4,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $9.00, for a total transaction of $36,000.00. Following the completion of the transaction, the vice president now owns 41,109 shares of the company’s stock, valued at approximately $369,981. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,040 shares of company stock valued at $452,165. Company insiders own 3.71% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Photronics (PLAB) Issues Q2 Earnings Guidance” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2018/02/14/photronics-plab-issues-q2-earnings-guidance.html.
Photronics Company Profile
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.
Receive News & Ratings for Photronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Photronics and related companies with MarketBeat.com's FREE daily email newsletter.