Brokerages predict that Universal Display Co. (NASDAQ:OLED) will report earnings of $0.13 per share for the current quarter, according to Zacks. Three analysts have made estimates for Universal Display’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.12. Universal Display posted earnings of $0.99 per share during the same quarter last year, which would suggest a negative year over year growth rate of 86.9%. The firm is expected to announce its next earnings results on Thursday, August 2nd.
According to Zacks, analysts expect that Universal Display will report full-year earnings of $1.81 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.90. For the next fiscal year, analysts expect that the business will report earnings of $3.41 per share, with EPS estimates ranging from $2.45 to $3.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Universal Display.
Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, May 3rd. The semiconductor company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $43.57 million for the quarter, compared to the consensus estimate of $50.85 million. Universal Display had a return on equity of 17.53% and a net margin of 30.74%. The firm’s revenue for the quarter was down 21.6% compared to the same quarter last year. During the same period last year, the business earned $0.22 earnings per share.
A number of equities research analysts have weighed in on OLED shares. Oppenheimer raised Universal Display from a “market perform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a report on Friday, April 6th. Gabelli raised Universal Display from a “hold” rating to a “buy” rating in a report on Tuesday, March 20th. Zacks Investment Research downgraded Universal Display from a “hold” rating to a “sell” rating in a report on Tuesday, April 3rd. BidaskClub downgraded Universal Display from a “sell” rating to a “strong sell” rating in a report on Thursday, March 15th. Finally, Goldman Sachs Group set a $150.00 target price on Universal Display and gave the stock a “buy” rating in a report on Tuesday, May 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $170.73.
In related news, Director Rosemarie B. Greco sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $98.15, for a total value of $368,062.50. Following the completion of the transaction, the director now owns 10,700 shares in the company, valued at approximately $1,050,205. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of OLED. Assetmark Inc. raised its position in Universal Display by 187.9% in the 1st quarter. Assetmark Inc. now owns 996 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 650 shares during the last quarter. US Bancorp DE raised its position in Universal Display by 4,188.2% in the 4th quarter. US Bancorp DE now owns 729 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 712 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Universal Display by 93.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,274 shares of the semiconductor company’s stock worth $129,000 after purchasing an additional 616 shares during the last quarter. Aevitas Wealth Management Inc. bought a new position in Universal Display in the 4th quarter worth approximately $165,000. Finally, American International Group Inc. bought a new position in Universal Display in the 4th quarter worth approximately $170,000. Hedge funds and other institutional investors own 65.26% of the company’s stock.
Universal Display traded down $3.55, reaching $82.90, during trading on Monday, according to Marketbeat.com. 39,182 shares of the company traded hands, compared to its average volume of 1,680,933. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 34.32 and a beta of 1.38. Universal Display has a 1-year low of $83.70 and a 1-year high of $209.00.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Thursday, June 14th. Universal Display’s dividend payout ratio (DPR) is presently 9.88%.
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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