LG Display (NYSE:LPL) Posts Quarterly Earnings Results

LG Display (NYSE:LPL – Get Rating) issued its quarterly earnings data on Monday. The electronics maker reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10), reports. The company had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.08 billion. LG Display had a return on equity of 8.88% and a net margin of 4.19%.

Shares of NYSE:LPL opened at $6.56 on Thursday. The business’s 50-day moving average is $7.42 and its 200 day moving average is $8.36. LG Display has a 1 year low of $6.29 and a 1 year high of $11.26. 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 company has a debt-to-equity ratio of 0.59, a current ratio of 0.94 and a quick ratio of 0.70.

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

Large investors have recently made changes to their positions in the stock. Glassman Wealth Services increased its position in LG Display by 111.1% during the 4th quarter. Glassman Wealth Services now owns 3,291 shares of the electronics maker’s stock valued at $33,000 after buying an additional 1,732 shares in the last quarter. AXA S.A. acquired a new position in shares of LG Display in the third quarter valued at about $80,000. Alera Investment Advisors LLC acquired a new position in shares of LG Display in the first quarter valued at about $85,000. Two Sigma Investments LP acquired a new position in shares of LG Display in the third quarter valued at about $101,000. Finally, Squarepoint Ops LLC acquired a new position in shares of LG Display in the fourth quarter valued at about $108,000. 2.46% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on LPL shares. Morgan Stanley cut LG Display from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, April 27th. StockNews.com cut LG Display from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Bank of America cut LG Display from a “buy” rating to an “underperform” rating in a research note on Monday, April 4th. Zacks Investment Research upgraded LG Display from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. Finally, JPMorgan Chase & Co. cut LG Display from a “neutral” rating to an “underweight” rating in a research note on Thursday, April 28th. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, LG Display presently has a consensus rating of “Hold”.

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.

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