Photronics, Inc. (PLAB) Analysts See $0.06 EPS

November 15, 2017 - By Dolores Ford

 Photronics, Inc. (PLAB) Analysts See $0.06 EPS
Investors sentiment decreased to 1.11 in Q2 2017. Its down 0.40, from 1.51 in 2017Q1. It dropped, as 15 investors sold Photronics, Inc. shares while 49 reduced holdings. 22 funds opened positions while 49 raised stakes. 65.49 million shares or 1.72% less from 66.64 million shares in 2017Q1 were reported.
Rice Hall James & Assocs Lc holds 175,165 shares. Susquehanna Grp Llp owns 187,586 shares. New York-based Neuberger Berman Grp Llc has invested 0% in Photronics, Inc. (NASDAQ:PLAB). Perritt Cap Mngmt accumulated 475,250 shares or 1.17% of the stock. Waddell And Reed has invested 0.06% of its portfolio in Photronics, Inc. (NASDAQ:PLAB). Matarin Cap Mgmt Limited Liability Corporation has invested 0% in Photronics, Inc. (NASDAQ:PLAB). Oak Associates Oh invested 0.07% of its portfolio in Photronics, Inc. (NASDAQ:PLAB). Price T Rowe Associates Inc Md invested 0% in Photronics, Inc. (NASDAQ:PLAB). Swiss Natl Bank owns 112,400 shares. Gsa Cap Llp, a United Kingdom-based fund reported 28,620 shares. Tru Investment has 0.42% invested in Photronics, Inc. (NASDAQ:PLAB) for 42,050 shares. Washington Commercial Bank invested in 1,725 shares. Moreover, Vanguard Grp Incorporated has 0% invested in Photronics, Inc. (NASDAQ:PLAB). Ahl Prns Limited Liability Partnership has invested 0.01% of its portfolio in Photronics, Inc. (NASDAQ:PLAB). Bridgeway Cap Mngmt has 0.04% invested in Photronics, Inc. (NASDAQ:PLAB) for 376,520 shares.

Since June 1, 2017, it had 0 insider purchases, and 1 sale for $40,200 activity.

Analysts await Photronics, Inc. (NASDAQ:PLAB) to report earnings on December, 5. They expect $0.06 EPS, up 20.00 % or $0.01 from last year’s $0.05 per share. PLAB’s profit will be $4.14 million for 37.71 P/E if the $0.06 EPS becomes a reality. After $0.06 actual EPS reported by Photronics, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth. It closed at $9.05 lastly. It is down 13.48% since November 15, 2016 and is uptrending. It has underperformed by 3.22% the S&P500.

Photronics, Inc. (NASDAQ:PLAB) Ratings Coverage

Among 7 analysts covering Photronics (NASDAQ:PLAB), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Photronics had 10 analyst reports since August 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Suntrust Robinson given on Thursday, October 1. The firm earned “Hold” rating on Monday, September 18 by Needham. Stifel Nicolaus downgraded the stock to “Hold” rating in Friday, November 11 report. The rating was maintained by Needham with “Buy” on Friday, February 12. The company was downgraded on Friday, November 11 by Needham. Needham maintained it with “Buy” rating and $14 target in Friday, December 4 report. SunTrust initiated it with “Buy” rating and $12 target in Thursday, October 1 report. On Thursday, October 1 the stock rating was initiated by RBC Capital Markets with “Buy”.

Photronics, Inc. is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. The company has market cap of $623.90 million. 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. It has a 47.89 P/E ratio. Photomasks are used in the manufacture of semiconductors and flat panel displays , and are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits (ICs), and a range of FPDs and other types of electrical and optical components.

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