Photronics (NASDAQ:PLAB) Updates Q4 Earnings Guidance
Photronics (NASDAQ:PLAB) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.11-0.17 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.12. The company issued revenue guidance of $143-151 million, compared to the consensus revenue estimate of $147.10 million.Photronics also updated its Q4 2019 guidance to $0.11-0.17 EPS.
Shares of Photronics stock opened at $9.77 on Friday. The firm has a fifty day simple moving average of $8.96 and a 200-day simple moving average of $9.23. The company has a current ratio of 2.64, a quick ratio of 2.42 and a debt-to-equity ratio of 0.05. Photronics has a 1-year low of $7.95 and a 1-year high of $11.58. The stock has a market capitalization of $631.76 million, a price-to-earnings ratio of 16.84, a PEG ratio of 2.26 and a beta of 0.59.
Photronics (NASDAQ:PLAB) last issued its quarterly earnings data on Tuesday, August 20th. The semiconductor company reported $0.10 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.10. Photronics had a net margin of 6.04% and a return on equity of 3.60%. The business had revenue of $138.11 million during the quarter, compared to analysts’ expectations of $137.13 million. During the same period in the previous year, the company earned $0.18 earnings per share. Photronics’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, research analysts predict that Photronics will post 0.45 earnings per share for the current year.
In related news, Director Walter M. Fiederowicz sold 5,000 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $8.47, for a total transaction of $42,350.00. Following the transaction, the director now owns 53,500 shares of the company’s stock, valued at $453,145. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 20,200 shares of company stock worth $184,162 in the last ninety days. 3.58% of the stock is currently owned by insiders.
Photronics, Inc, together with its subsidiaries, manufactures and sells photomasks in Taiwan, Korea, the United States, Europe, and internationally. The company offers photomasks, which are high precision photographic quartz or glass plates containing microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays (FPDs), as well as that are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel display substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components.
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