Analysts Anticipate Universal Display Co. (OLED) to Announce $0.31 EPS

Brokerages predict that Universal Display Co. (NASDAQ:OLED) will post earnings per share (EPS) of $0.31 for the current quarter, according to Zacks. Three analysts have made estimates for Universal Display’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.38. Universal Display reported earnings of $0.13 per share during the same quarter last year, which indicates a positive year over year growth rate of 138.5%. The company is scheduled to issue its next earnings results after the market closes on Thursday, May 2nd.

On average, analysts expect that Universal Display will report full year earnings of $2.18 per share for the current year, with EPS estimates ranging from $1.85 to $2.79. For the next year, analysts expect that the business will post earnings of $3.60 per share, with EPS estimates ranging from $2.90 to $4.04. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Universal Display.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Thursday, February 21st. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. Universal Display had a return on equity of 8.85% and a net margin of 23.78%. The firm had revenue of $70.14 million for the quarter, compared to analysts’ expectations of $70.18 million. During the same period in the previous year, the firm posted $0.93 EPS. The business’s revenue for the quarter was down 39.5% compared to the same quarter last year.

A number of analysts have recently commented on the company. Zacks Investment Research raised Universal Display from a “hold” rating to a “buy” rating and set a $174.00 price target on the stock in a research report on Tuesday, March 26th. ValuEngine raised Universal Display from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 5th. Roth Capital boosted their price target on Universal Display from $128.00 to $172.00 and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Needham & Company LLC boosted their price target on Universal Display from $105.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd. Finally, Deutsche Bank boosted their price target on Universal Display to $140.00 in a research report on Friday, February 22nd. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $148.80.

Shares of OLED traded down $2.60 during mid-day trading on Wednesday, reaching $170.24. The company had a trading volume of 387,023 shares, compared to its average volume of 794,157. Universal Display has a 52 week low of $78.75 and a 52 week high of $174.87. The stock has a market cap of $8.12 billion, a P/E ratio of 137.29, a P/E/G ratio of 2.65 and a beta of 1.44.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.10 dividend. This is a positive change from Universal Display’s previous quarterly dividend of $0.06. This represents a $0.40 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Thursday, March 14th. Universal Display’s payout ratio is presently 32.26%.

In other Universal Display news, Director Richard C. Elias sold 1,250 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $153.38, for a total transaction of $191,725.00. Following the completion of the sale, the director now directly owns 1,250 shares in the company, valued at approximately $191,725. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Julia J. Brown sold 17,539 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $160.00, for a total transaction of $2,806,240.00. Following the sale, the insider now owns 125,657 shares of the company’s stock, valued at $20,105,120. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,039 shares of company stock valued at $3,907,465. 4.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sciencast Management LP purchased a new stake in Universal Display during the 1st quarter valued at $399,000. Retirement Systems of Alabama raised its stake in Universal Display by 0.4% during the 1st quarter. Retirement Systems of Alabama now owns 55,191 shares of the semiconductor company’s stock valued at $8,436,000 after buying an additional 199 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Universal Display by 1.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,400 shares of the semiconductor company’s stock valued at $1,742,000 after buying an additional 200 shares during the last quarter. Scout Investments Inc. raised its stake in Universal Display by 59.9% during the 1st quarter. Scout Investments Inc. now owns 181,362 shares of the semiconductor company’s stock valued at $27,721,000 after buying an additional 67,967 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Universal Display during the 1st quarter valued at $376,000. Institutional investors and hedge funds own 85.45% of the company’s stock.

About Universal Display

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 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

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