Equities analysts expect that Universal Display Co. (NASDAQ:OLED) will report $0.26 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Universal Display’s earnings, with estimates ranging from $0.24 to $0.29. Universal Display reported earnings of $0.22 per share during the same quarter last year, which indicates a positive year over year growth rate of 18.2%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Universal Display will report full year earnings of $2.66 per share for the current year, with EPS estimates ranging from $2.50 to $2.80. For the next year, analysts expect that the company will report earnings of $3.93 per share, with EPS estimates ranging from $3.46 to $4.55. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Universal Display.
Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, February 22nd. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.11. The company had revenue of $115.87 million during the quarter, compared to analysts’ expectations of $99.55 million. Universal Display had a return on equity of 18.80% and a net margin of 30.95%. The firm’s quarterly revenue was up 55.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 EPS.
Several analysts have issued reports on OLED shares. Zacks Investment Research cut Universal Display from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Gabelli upgraded Universal Display from a “hold” rating to a “buy” rating in a report on Tuesday, March 20th. BidaskClub cut Universal Display from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Needham & Company LLC upgraded Universal Display from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a report on Tuesday, February 20th. They noted that the move was a valuation call. Finally, Deutsche Bank lowered their price target on Universal Display from $190.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. Universal Display currently has an average rating of “Hold” and a consensus target price of $165.58.
In related news, Chairman Sherwin I. Seligsohn sold 50,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $200.00, for a total transaction of $10,000,000.00. Following the completion of the transaction, the chairman now directly owns 143,119 shares in the company, valued at approximately $28,623,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizabeth H. Gemmill sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $124.07, for a total value of $310,175.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,750 shares of company stock valued at $10,601,775. Company insiders own 5.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. US Bancorp DE boosted its holdings in Universal Display by 4,188.2% during the 4th quarter. US Bancorp DE now owns 729 shares of the semiconductor company’s stock valued at $126,000 after acquiring an additional 712 shares during the period. Cerebellum GP LLC purchased a new position in Universal Display during the 4th quarter valued at about $129,000. Aevitas Wealth Management Inc. purchased a new position in Universal Display during the 4th quarter valued at about $165,000. Glassman Wealth Services boosted its holdings in Universal Display by 60.7% during the 4th quarter. Glassman Wealth Services now owns 961 shares of the semiconductor company’s stock valued at $166,000 after acquiring an additional 363 shares during the period. Finally, American International Group Inc. purchased a new position in Universal Display during the 4th quarter valued at about $170,000. Institutional investors own 63.09% of the company’s stock.
NASDAQ:OLED traded down $3.03 during trading hours on Friday, hitting $98.30. The company had a trading volume of 1,114,012 shares, compared to its average volume of 1,466,271. The stock has a market cap of $4,767.40, a P/E ratio of 40.45 and a beta of 1.31. Universal Display has a 1 year low of $80.80 and a 1 year high of $209.00.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 14th. This is a boost from Universal Display’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.24%. Universal Display’s dividend payout ratio is currently 9.88%.
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Universal Display Company Profile
Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications. As of February 22, 2018, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 4,500 issued and pending patents worldwide.
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