Universal Display (OLED) Scheduled to Post Earnings on Thursday

Universal Display (NASDAQ:OLED) is scheduled to post its earnings results after the market closes on Thursday, May 2nd. Analysts expect Universal Display to post earnings of $1.05 per share for the quarter. Universal Display has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Universal Display (NASDAQ:OLED) last announced its earnings results on Thursday, February 22nd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.11. The firm had revenue of $158.32 million during the quarter, compared to analyst estimates of $161.08 million. Universal Display had a return on equity of 14.85% and a net margin of 35.22%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.36 EPS. On average, analysts expect Universal Display to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Universal Display Stock Up 1.7 %

NASDAQ OLED opened at $156.44 on Thursday. The firm has a market capitalization of $7.41 billion, a PE ratio of 36.90, a P/E/G ratio of 1.66 and a beta of 1.45. The stock’s 50 day moving average is $167.08 and its 200 day moving average is $169.27. Universal Display has a twelve month low of $125.98 and a twelve month high of $194.84.

Universal Display Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.02%. This is a positive change from Universal Display’s previous quarterly dividend of $0.35. Universal Display’s dividend payout ratio (DPR) is currently 37.74%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on OLED shares. TD Cowen increased their price target on shares of Universal Display from $165.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Citigroup reaffirmed a “neutral” rating and set a $180.00 target price (up previously from $161.00) on shares of Universal Display in a research note on Friday, January 19th. Needham & Company LLC reissued a “buy” rating and issued a $198.00 price target on shares of Universal Display in a research report on Tuesday, March 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $200.00 price objective (down previously from $210.00) on shares of Universal Display in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Universal Display presently has an average rating of “Moderate Buy” and an average price target of $199.86.

Universal Display Company Profile

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 in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.