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

November 25, 2017 – By Dolores Ford

Investors sentiment decreased to 1.11 in Q2 2017. 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.
Loomis Sayles And Company L P holds 0% or 2,075 shares. Commonwealth Equity Services has invested 0% of its portfolio in Photronics, Inc. (NASDAQ:PLAB). North Carolina-based Wedge Capital L Limited Partnership Nc has invested 0% in Photronics, Inc. (NASDAQ:PLAB). Qci Asset Inc Ny has invested 0% in Photronics, Inc. (NASDAQ:PLAB). 1.65M were accumulated by Northern Corp. California Public Employees Retirement Sys reported 0.01% stake. M Securities Inc holds 0.09% or 26,995 shares in its portfolio. Jpmorgan Chase And invested in 1,617 shares or 0% of the stock. New York-based Goldman Sachs has invested 0% in Photronics, Inc. (NASDAQ:PLAB). Smithfield Tru has 0.02% invested in Photronics, Inc. (NASDAQ:PLAB). Morgan Stanley stated it has 0% of its portfolio in Photronics, Inc. (NASDAQ:PLAB). Blackrock Inc, a New York-based fund reported 4.31M shares. Lsv Asset Mgmt, Illinois-based fund reported 1.02M shares. Tiaa Cref Limited Com accumulated 0% or 222,709 shares. Federated Invsts Pa stated it has 0% 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 earnings per share of $0.06, up exactly $0.01 or 20.00 % from 2014’s $0.05 EPS. The expected PLAB’s profit could reach $4.28M giving the stock 39.38 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. The stock increased 3.56% or $0.32 on November 24, reaching $9.45. About 306,956 shares traded. Photronics, Inc. (NASDAQ:PLAB) has risen 13.48% since November 25, 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 Needham on Friday, February 12. Suntrust Robinson initiated Photronics, Inc. (NASDAQ:PLAB) rating on Thursday, October 1. Suntrust Robinson has “Buy” rating and $12 target. On Thursday, October 1 the stock rating was initiated by RBC Capital Markets with “Buy”. Stifel Nicolaus downgraded the stock to “Hold” rating in Friday, November 11 report. The firm has “Hold” rating by Needham given on Friday, November 11. The firm earned “Buy” rating on Friday, December 4 by Needham. Needham maintained the stock with “Hold” rating in Monday, September 18 report. The stock has “Buy” rating by SunTrust on Thursday, October 1.

Photronics, Inc. is a manufacturer of photomasks, which are photographic quartz plates containing microscopic images of electronic circuits. The company has market cap of $674.67 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 50.01 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.