Photronics (PLAB) Expected to Announce Earnings on Wednesday

Photronics (NASDAQ:PLAB) will likely be releasing 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 released its earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. Photronics had a return on equity of 9.10% and a net margin of 15.07%. The business had revenue of $222.60 million for the quarter, compared to analyst estimates of $218.00 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year.

Photronics Price Performance

Shares of NASDAQ PLAB opened at $22.25 on Thursday. The stock has a fifty day moving average price of $24.04 and a 200 day moving average price of $23.92. Photronics has a 1-year low of $20.25 and a 1-year high of $34.13. The company has a market cap of $1.41 billion, a PE ratio of 10.65 and a beta of 1.37.

Insider Transactions at Photronics

In related news, SVP Han Kyung Park sold 11,250 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $23.80, for a total transaction of $267,750.00. Following the transaction, the senior vice president now owns 102,500 shares of the company’s stock, valued at $2,439,500. This represents a 9.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Walter M. Fiederowicz sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $24.01, for a total value of $240,100.00. Following the completion of the sale, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $1,200,500. This trade represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 199,000 shares of company stock valued at $4,878,810. Corporate insiders own 3.88% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson lifted their target price on shares of Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, December 12th.

About Photronics

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.