Photronics (NASDAQ:PLAB) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Photronics (NASDAQ:PLAB) released its quarterly earnings results on Wednesday. The semiconductor company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07, Zacks reports. Photronics had a net margin of 16.22% and a return on equity of 9.46%. The company had revenue of $222.60 million for the quarter, compared to analyst estimates of $218.00 million. During the same period last year, the firm earned $0.60 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. Photronics updated its Q1 2025 guidance to 0.430-0.490 EPS and its Q1 guidance to $0.43-0.49 EPS.

Photronics Stock Performance

Shares of NASDAQ:PLAB opened at $29.72 on Wednesday. The company has a market capitalization of $1.88 billion, a P/E ratio of 11.15 and a beta of 1.41. The company’s 50-day moving average is $24.30 and its 200 day moving average is $24.53. Photronics has a fifty-two week low of $20.25 and a fifty-two week high of $34.16.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 28th.

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.