$0.06 EPS Expected for Photronics, Inc. (PLAB)

November 15, 2017 - By Dolores Ford

 $0.06 EPS Expected for Photronics, Inc. (PLAB)
Investors sentiment decreased to 1.11 in 2017 Q2. Its down 0.40, from 1.51 in 2017Q1. It is negative, 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.
The Massachusetts-based Wellington Mgmt Grp Ltd Liability Partnership has invested 0% in Photronics, Inc. (NASDAQ:PLAB). Aegis Fincl has invested 2.8% of its portfolio in Photronics, Inc. (NASDAQ:PLAB). Connor Clark And Lunn Inv holds 140,213 shares or 0.01% of its portfolio. Credit Suisse Ag reported 43,850 shares stake. Citadel Advsrs Ltd Liability Corporation invested in 130,024 shares. Alliancebernstein L P stated it has 2.14M shares. New York State Common Retirement Fund owns 92,788 shares. Pillar Pacific Management Ltd Com stated it has 0.04% of its portfolio in Photronics, Inc. (NASDAQ:PLAB). Hanson Mcclain stated it has 0% of its portfolio in Photronics, Inc. (NASDAQ:PLAB). California-based Franklin Res Inc has invested 0.02% in Photronics, Inc. (NASDAQ:PLAB). Voya Management has 1.39M shares for 0.03% of their portfolio. 13,917 are owned by Neuberger Berman Gru Limited Liability Corp. Qci Asset accumulated 4,000 shares or 0% of the stock. Tudor Investment Corporation Et Al owns 39,225 shares. Foundry Limited Liability Company has invested 0.17% in Photronics, Inc. (NASDAQ:PLAB).

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

Wall Street await Photronics, Inc. (NASDAQ:PLAB) to release earnings on December, 5. Analysts forecast EPS of $0.06, up exactly $0.01 or 20.00 % from 2014’s $0.05 EPS. The expected PLAB’s profit could reach $4.14 million giving the stock 37.71 P/E in the case that $0.06 earnings per share is reported. After posting $0.06 EPS for the previous quarter, Photronics, Inc.’s analysts now forecast 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 stock of Photronics, Inc. (NASDAQ:PLAB) earned “Buy” rating by SunTrust on Thursday, October 1. Suntrust Robinson initiated it with “Buy” rating and $12 target in Thursday, October 1 report. On Friday, February 12 the stock rating was maintained by Needham with “Buy”. The firm has “Hold” rating by Needham given on Friday, November 11. The rating was maintained by Needham with “Hold” on Monday, September 18. Stifel Nicolaus downgraded Photronics, Inc. (NASDAQ:PLAB) on Friday, November 11 to “Hold” rating. The stock of Photronics, Inc. (NASDAQ:PLAB) has “Buy” rating given on Thursday, October 1 by RBC Capital Markets. The company was maintained on Friday, December 4 by Needham.

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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