Earnings results for Photronics Stock Forecast, Price & News (NASDAQ:PLAB)
Photronics, Inc. is expected* to report earnings on 08/27/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.15. The reported EPS for the same quarter last year was $0.1.
Photronics last announced its quarterly earnings results on May 27th, 2020. The semiconductor company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by $0.02. The business earned $148.20 million during the quarter, compared to analysts’ expectations of $147.63 million. Its revenue was up 12.6% on a year-over-year basis. Photronics has generated $0.44 earnings per share over the last year and currently has a price-to-earnings ratio of 21.7. Photronics has confirmed that its next quarterly earnings report will be published on Thursday, August 27th, 2020.
Analyst Opinion on Photronics Stock Forecast, Price & News (NASDAQ:PLAB)
3 Wall Street analysts have issued ratings and price targets for Photronics in the last 12 months. Their average twelve-month price target is $15.33, predicting that the stock has a possible upside of 38.76%. The high price target for PLAB is $18.00 and the low price target for PLAB is $13.00. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Photronics has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $15.33, Photronics has a forecasted upside of 38.8% from its current price of $11.05. Photronics has only been the subject of 1 research reports in the past 90 days.
Dividend Strength: Photronics Stock Forecast, Price & News (NASDAQ:PLAB)
Photronics does not currently pay a dividend. Photronics does not have a long track record of dividend growth.
Insiders buying/selling: Photronics Stock Forecast, Price & News (NASDAQ:PLAB)
In the past three months, Photronics insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $200,877.00 in company stock. Only 3.82% of the stock of Photronics is held by insiders. 92.28% of the stock of Photronics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Photronics Stock Forecast, Price & News (NASDAQ:PLAB
Earnings for Photronics are expected to grow by 43.33% in the coming year, from $0.60 to $0.86 per share. The P/E ratio of Photronics is 21.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.25. The P/E ratio of Photronics is 21.67, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 53.56. Photronics has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
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