Photronics - PLAB Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Photronics in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PLAB shares.
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3 analysts have issued 1 year price targets for Photronics' stock. Their PLAB share price forecasts range from $23.00 to $28.00. On average, they predict the company's share price to reach $25.67 in the next year. This suggests a possible upside of 75.6% from the stock's current price.
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Photronics' stock was trading at $18.85 at the start of the year. Since then, PLAB shares have decreased by 22.4% and is now trading at $14.62.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 14th 2022.
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Photronics, Inc. (NASDAQ:PLAB) issued its earnings results on Tuesday, August, 30th. The semiconductor company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The semiconductor company earned $219.90 million during the quarter, compared to the consensus estimate of $210 million. Photronics had a trailing twelve-month return on equity of 9.97% and a net margin of 13.07%. The firm's revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the business posted $0.22 earnings per share.

Photronics updated its fourth quarter 2022 earnings guidance on Tuesday, September, 27th. The company provided earnings per share (EPS) guidance of $0.44-$0.52 for the period, compared to the consensus EPS estimate of $0.53. The company issued revenue guidance of $205.00 million-$215.00 million, compared to the consensus revenue estimate of $214.53 million.

8 employees have rated Photronics Chief Executive Officer Peter S. Kirlin on Glassdoor.com. Peter S. Kirlin has an approval rating of 49% among the company's employees. This puts Peter S. Kirlin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Photronics investors own include Intel (INTC), AT&T (T), Micron Technology (MU), NVIDIA (NVDA), Netflix (NFLX), AbbVie (ABBV), Advanced Micro Devices (AMD), General Electric (GE), Johnson & Johnson (JNJ) and Cisco Systems (CSCO).

Photronics trades on the NASDAQ under the ticker symbol "PLAB."

Shares of PLAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PLAB stock can currently be purchased for approximately $14.62.

Photronics (NASDAQ:PLAB) has a market capitalization of $901.91 million and generates $663.76 million in revenue each year. The semiconductor company earns $55.45 million in net income (profit) each year or $1.71 on an earnings per share basis.

The company employs 1,728 workers across the globe.

Photronics' mailing address is 15 SECOR ROAD, BROOKFIELD CT, 06804. The official website for the company is www.photronics.com. The semiconductor company can be reached via phone at (203) 775-9000 or via email at tdewar@photronics.com.