Photronics (NASDAQ:PLAB) Updates Q1 Earnings Guidance

Photronics (NASDAQ:PLAB) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.43-0.49 for the period, compared to the consensus estimate of $0.46. The company issued revenue guidance of $208-216 million, compared to the consensus revenue estimate of $210.00 million. Photronics also updated its Q1 2025 guidance to 0.430-0.490 EPS.

Wall Street Analyst Weigh In

Several brokerages have commented on PLAB. DA Davidson upped their target price on shares of Photronics from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday. StockNews.com raised shares of Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 28th.

Photronics Stock Performance

NASDAQ PLAB opened at $26.27 on Friday. The firm has a 50-day moving average of $24.44 and a 200-day moving average of $24.56. The stock has a market cap of $1.66 billion, a PE ratio of 12.57 and a beta of 1.41. Photronics has a 52-week low of $20.25 and a 52-week high of $34.16.

Photronics (NASDAQ:PLAB) last posted its earnings results on Wednesday, December 11th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The company had revenue of $222.60 million during the quarter, compared to analysts’ expectations of $218.00 million. Photronics had a net margin of 15.07% and a return on equity of 9.10%. Photronics’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 EPS. As a group, analysts predict that Photronics will post 2.2 EPS for the current fiscal year.

Photronics Company Profile

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.