LG Display (LPL) Set to Announce Quarterly Earnings on Wednesday

LG Display (NYSE:LPLGet Rating) is scheduled to release its earnings data before the market opens on Wednesday, April 27th. Analysts expect LG Display to post earnings of $0.04 per share for the quarter.

LG Display (NYSE:LPLGet Rating) last released its earnings results on Tuesday, March 8th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.42). The firm had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.30 billion. LG Display had a return on equity of 8.88% and a net margin of 4.19%. On average, analysts expect LG Display to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

LG Display stock traded down $0.20 during midday trading on Tuesday, hitting $7.03. The stock had a trading volume of 7,117 shares, compared to its average volume of 595,762. The stock has a fifty day moving average of $7.80. The stock has a market capitalization of $5.03 billion, a P/E ratio of 4.23, a PEG ratio of 0.30 and a beta of 1.20. LG Display has a 52-week low of $7.09 and a 52-week high of $12.31. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 0.59.

The company also recently announced an annual dividend, which will be paid on Tuesday, April 26th. Investors of record on Friday, December 31st will be issued a $0.185 dividend. This represents a yield of 2.55%. The ex-dividend date is Thursday, December 30th. LG Display’s dividend payout ratio is 11.38%.

A number of equities research analysts have issued reports on LPL shares. CLSA raised shares of LG Display from an “underperform” rating to a “buy” rating in a report on Monday, January 3rd. Zacks Investment Research lowered shares of LG Display from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th. Bank of America lowered shares of LG Display from a “buy” rating to an “underperform” rating in a report on Monday, April 4th. Finally, StockNews.com lowered shares of LG Display from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC boosted its position in shares of LG Display by 11.0% during the 4th quarter. Parametric Portfolio Associates LLC now owns 2,649,910 shares of the electronics maker’s stock valued at $26,764,000 after acquiring an additional 262,672 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in LG Display by 651.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 613,584 shares of the electronics maker’s stock worth $6,197,000 after buying an additional 531,888 shares during the last quarter. State Street Corp lifted its position in LG Display by 6.0% in the fourth quarter. State Street Corp now owns 579,703 shares of the electronics maker’s stock worth $5,855,000 after buying an additional 32,750 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in LG Display by 53.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 493,534 shares of the electronics maker’s stock worth $4,985,000 after buying an additional 171,741 shares during the last quarter. Finally, BlackRock Inc. lifted its position in LG Display by 150.2% in the fourth quarter. BlackRock Inc. now owns 426,661 shares of the electronics maker’s stock worth $4,310,000 after buying an additional 256,112 shares during the last quarter. Hedge funds and other institutional investors own 2.36% of the company’s stock.

LG Display Company Profile (Get Rating)

LG Display Co, Ltd. engages in the design, manufacture, and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.

See Also

Earnings History for LG Display (NYSE:LPL)

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