$0.46 EPS Expected for Universal Display Co. (NASDAQ:OLED) This Quarter

Brokerages expect Universal Display Co. (NASDAQ:OLED) to post $0.46 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Universal Display’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.50. Universal Display posted earnings per share of $0.23 during the same quarter last year, which would indicate a positive year-over-year growth rate of 100%. The business is expected to issue its next quarterly earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Universal Display will report full year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.30 to $2.61. For the next fiscal year, analysts expect that the business will post earnings of $3.65 per share, with EPS estimates ranging from $3.30 to $3.97. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Universal Display.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.46. The business had revenue of $118.17 million for the quarter, compared to analysts’ expectations of $79.26 million. Universal Display had a net margin of 28.93% and a return on equity of 12.35%. The firm’s quarterly revenue was up 110.5% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share.

A number of analysts have weighed in on the stock. Deutsche Bank raised their target price on shares of Universal Display from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Zacks Investment Research lowered shares of Universal Display from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Oppenheimer lowered shares of Universal Display from an “outperform” rating to a “market perform” rating and set a $190.50 target price on the stock. in a research report on Wednesday, July 10th. They noted that the move was a valuation call. Susquehanna Bancshares restated a “neutral” rating and issued a $180.00 target price on shares of Universal Display in a research report on Monday, April 29th. Finally, Needham & Company LLC restated a “buy” rating and issued a $210.00 target price (up previously from $200.00) on shares of Universal Display in a research report on Friday, July 12th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Universal Display presently has an average rating of “Buy” and a consensus price target of $176.87.

Shares of Universal Display stock opened at $208.92 on Friday. Universal Display has a fifty-two week low of $78.78 and a fifty-two week high of $218.15. The firm has a market capitalization of $10.14 billion, a price-to-earnings ratio of 168.48, a P/E/G ratio of 2.93 and a beta of 1.55. The company has a 50 day moving average of $195.00.

In other news, insider Julia J. Brown sold 25,477 shares of Universal Display stock in a transaction on Friday, July 12th. The shares were sold at an average price of $200.00, for a total transaction of $5,095,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Janice K. Mahon sold 20,819 shares of Universal Display stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $170.24, for a total transaction of $3,544,226.56. Following the transaction, the vice president now owns 37,039 shares in the company, valued at approximately $6,305,519.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 136,227 shares of company stock worth $24,676,468. 3.70% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Meridian Wealth Management LLC acquired a new position in shares of Universal Display during the first quarter worth $31,000. TCI Wealth Advisors Inc. lifted its holdings in shares of Universal Display by 1,458.3% during the second quarter. TCI Wealth Advisors Inc. now owns 187 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 175 shares during the period. Weaver Consulting Group acquired a new position in shares of Universal Display during the first quarter worth $39,000. Regal Investment Advisors LLC acquired a new position in shares of Universal Display during the first quarter worth $50,000. Finally, Pearl River Capital LLC lifted its holdings in shares of Universal Display by 251.4% during the first quarter. Pearl River Capital LLC now owns 390 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 279 shares during the period. Institutional investors own 75.48% of the company’s stock.

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 flat panel displays and solid-state lighting applications. As of February 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

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Earnings History and Estimates for Universal Display (NASDAQ:OLED)

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