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

Photronics (NASDAQ:PLAB) posted its quarterly earnings data on Wednesday. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.07, Zacks reports. The company had revenue of $222.60 million for the quarter, compared to analysts’ expectations of $218.00 million. Photronics had a return on equity of 9.10% and a net margin of 15.07%. Photronics’s revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. Photronics updated its Q1 2025 guidance to 0.430-0.490 EPS and its Q1 guidance to $0.43-0.49 EPS.

Photronics Price Performance

Shares of PLAB stock opened at $26.27 on Friday. The company has a market capitalization of $1.66 billion, a PE ratio of 12.57 and a beta of 1.41. The firm’s 50-day moving average is $24.40 and its two-hundred day moving average is $24.55. Photronics has a 12 month low of $20.25 and a 12 month high of $34.16.

Analysts Set New Price Targets

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

About Photronics

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.