$0.99 Earnings Per Share Expected for Universal Display Co. (NASDAQ:OLED) This Quarter

Equities analysts expect that Universal Display Co. (NASDAQ:OLEDGet Rating) will post earnings per share of $0.99 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Universal Display’s earnings. The highest EPS estimate is $1.06 and the lowest is $0.95. Universal Display reported earnings of $0.85 per share in the same quarter last year, which would indicate a positive year over year growth rate of 16.5%. The firm is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Universal Display will report full year earnings of $4.54 per share for the current year, with EPS estimates ranging from $4.48 to $4.58. For the next year, analysts anticipate that the company will post earnings of $5.55 per share, with EPS estimates ranging from $5.42 to $5.61. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Universal Display.

Universal Display (NASDAQ:OLEDGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The semiconductor company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. Universal Display had a return on equity of 17.50% and a net margin of 32.02%. The firm had revenue of $150.50 million for the quarter, compared to analysts’ expectations of $143.81 million. During the same period in the previous year, the firm earned $1.08 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis.

Several equities analysts have recently weighed in on OLED shares. Cowen cut their target price on Universal Display from $225.00 to $175.00 in a research report on Thursday, February 24th. Citigroup cut their price objective on Universal Display from $248.00 to $188.00 in a research report on Thursday, February 3rd. StockNews.com began coverage on shares of Universal Display in a research note on Thursday, March 31st. They set a “hold” rating for the company. Needham & Company LLC reduced their price objective on Universal Display from $195.00 to $165.00 in a report on Friday, May 6th. Finally, Zacks Investment Research upgraded shares of Universal Display from a “sell” rating to a “hold” rating and set a $145.00 target price on the stock in a report on Tuesday, April 26th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Universal Display currently has a consensus rating of “Buy” and an average target price of $204.89.

Several institutional investors have recently made changes to their positions in OLED. Meeder Asset Management Inc. purchased a new stake in shares of Universal Display in the first quarter valued at approximately $27,000. Allworth Financial LP increased its holdings in Universal Display by 713.0% in the 1st quarter. Allworth Financial LP now owns 187 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 164 shares during the last quarter. Bogart Wealth LLC purchased a new stake in Universal Display during the fourth quarter worth about $33,000. Quadrant Capital Group LLC boosted its holdings in Universal Display by 287.3% in the first quarter. Quadrant Capital Group LLC now owns 213 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 158 shares during the period. Finally, UMB Bank N A MO acquired a new position in Universal Display during the 4th quarter worth approximately $36,000. 71.15% of the stock is owned by institutional investors and hedge funds.

OLED stock traded down $4.45 during trading on Wednesday, hitting $119.77. 7,724 shares of the company’s stock traded hands, compared to its average volume of 446,336. Universal Display has a 52 week low of $120.52 and a 52 week high of $237.00. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 31.27, a P/E/G ratio of 1.27 and a beta of 1.42. The business has a fifty day simple moving average of $151.41 and a 200 day simple moving average of $155.04.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Thursday, June 16th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, June 15th. This represents a $1.20 annualized dividend and a yield of 1.00%. Universal Display’s dividend payout ratio is presently 31.33%.

About Universal Display (Get Rating)

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide.

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