Wall Street analysts expect Universal Display Co. (NASDAQ:OLED) to announce $0.19 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Universal Display’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.24. Universal Display posted earnings per share of $0.22 during the same quarter last year, which indicates a negative year over year growth rate of 13.6%. The firm is expected to issue its next earnings results after the market closes on Thursday, May 3rd.
On average, analysts expect that Universal Display will report full year earnings of $2.65 per share for the current year, with EPS estimates ranging from $2.50 to $2.78. For the next financial year, analysts anticipate that the company will post earnings of $3.93 per share, with EPS estimates ranging from $3.46 to $4.55. Zacks Investment Research’s earnings per share averages are an 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 22nd. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Universal Display had a net margin of 30.95% and a return on equity of 18.80%. The firm had revenue of $115.87 million for the quarter, compared to analyst estimates of $99.55 million. During the same period in the previous year, the business earned $0.55 EPS. The company’s revenue was up 55.3% compared to the same quarter last year.
Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Universal Display from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a research note on Friday, January 19th. Deutsche Bank reiterated a “buy” rating and issued a $190.00 price target on shares of Universal Display in a research note on Thursday, January 25th. Susquehanna Bancshares lifted their price objective on shares of Universal Display from $195.00 to $215.00 and gave the company a “positive” rating in a research report on Friday, January 5th. BidaskClub downgraded shares of Universal Display from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Finally, Cowen set a $225.00 price objective on shares of Universal Display and gave the company a “buy” rating in a research report on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $165.58.
OLED stock traded down $2.85 during midday trading on Tuesday, hitting $90.35. The company’s stock had a trading volume of 882,332 shares, compared to its average volume of 1,583,157. Universal Display has a twelve month low of $86.45 and a twelve month high of $209.00. The firm has a market capitalization of $4,433.40, a P/E ratio of 37.18 and a beta of 1.32.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Wednesday, March 14th. This is an increase from Universal Display’s previous quarterly dividend of $0.03. Universal Display’s dividend payout ratio (DPR) is 9.88%.
In related news, Director Elizabeth H. Gemmill sold 2,500 shares of Universal Display stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $124.07, for a total transaction of $310,175.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard C. Elias sold 2,250 shares of Universal Display stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $129.60, for a total transaction of $291,600.00. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in OLED. US Bancorp DE boosted its holdings in shares of Universal Display by 4,188.2% during the 4th quarter. US Bancorp DE now owns 729 shares of the semiconductor company’s stock worth $126,000 after buying an additional 712 shares during the period. Cerebellum GP LLC bought a new stake in shares of Universal Display during the 4th quarter worth about $129,000. Aevitas Wealth Management Inc. bought a new stake in shares of Universal Display during the 4th quarter worth about $165,000. Glassman Wealth Services boosted its holdings in Universal Display by 60.7% in the 4th quarter. Glassman Wealth Services now owns 961 shares of the semiconductor company’s stock valued at $166,000 after purchasing an additional 363 shares during the period. Finally, American International Group Inc. bought a new stake in Universal Display in the 4th quarter valued at about $170,000. 62.94% of the stock is owned by institutional investors and hedge funds.
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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 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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