LG Display (NYSE:LPL) Issues Quarterly Earnings Results

LG Display (NYSE:LPLGet Rating) issued its quarterly earnings results on Monday. The electronics maker reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10), reports. LG Display had a return on equity of 8.88% and a net margin of 4.19%. The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.08 billion.

NYSE:LPL opened at $6.56 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 0.59. LG Display has a twelve month low of $6.29 and a twelve month high of $11.26. The company has a fifty day moving average of $7.42 and a 200-day moving average of $8.36. The firm has a market capitalization of $4.75 billion, a P/E ratio of 3.93, a P/E/G ratio of 0.28 and a beta of 1.28.

The firm also recently declared an annual dividend, which was paid on Tuesday, April 26th. Shareholders of record on Friday, December 31st were paid a $0.185 dividend. This represents a yield of 2.55%. The ex-dividend date was Thursday, December 30th. LG Display’s dividend payout ratio (DPR) is presently 11.38%.

LPL has been the subject of several analyst reports. StockNews.com lowered LG Display from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Bank of America downgraded LG Display from a “buy” rating to an “underperform” rating in a research report on Monday, April 4th. Morgan Stanley cut LG Display from an “equal weight” rating to an “underweight” rating in a report on Wednesday, April 27th. Zacks Investment Research upgraded shares of LG Display from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Finally, JPMorgan Chase & Co. downgraded shares of LG Display from a “neutral” rating to an “underweight” rating in a research report on Thursday, April 28th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Glassman Wealth Services increased its stake in LG Display by 111.1% in the fourth quarter. Glassman Wealth Services now owns 3,291 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 1,732 shares in the last quarter. AXA S.A. bought a new stake in LG Display in the 3rd quarter valued at about $80,000. Alera Investment Advisors LLC acquired a new position in LG Display during the 1st quarter worth approximately $85,000. Two Sigma Investments LP bought a new position in LG Display in the third quarter worth approximately $101,000. Finally, Squarepoint Ops LLC bought a new position in LG Display in the fourth quarter worth approximately $108,000. 2.46% of the stock is currently owned by institutional investors and hedge funds.

About LG Display (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.

Further Reading

Earnings History for LG Display (NYSE:LPL)

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