$0.09 EPS Expected for Universal Display Corporation (OLED) This Quarter
Analysts expect Universal Display Corporation (NASDAQ:OLED) to report earnings per share (EPS) of $0.09 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Universal Display Corporation’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.10. Universal Display Corporation reported earnings per share of ($0.03) in the same quarter last year, which would indicate a positive year-over-year growth rate of 400%. The business is expected to report its next quarterly earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Universal Display Corporation will report full-year earnings of $2.09 per share for the current year, with EPS estimates ranging from $2.05 to $2.11. For the next fiscal year, analysts forecast that the firm will post earnings of $2.79 per share, with EPS estimates ranging from $2.47 to $3.00. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Universal Display Corporation.
Universal Display Corporation (NASDAQ:OLED) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.31. The business had revenue of $102.50 million for the quarter, compared to analysts’ expectations of $84.81 million. Universal Display Corporation had a net margin of 31.15% and a return on equity of 14.90%. The firm’s revenue for the quarter was up 59.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 earnings per share.
A number of analysts have issued reports on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $150.00 target price (up from $140.00) on shares of Universal Display Corporation in a research note on Wednesday, August 9th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $150.00 target price (up from $120.00) on shares of Universal Display Corporation in a research note on Wednesday, August 9th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Universal Display Corporation in a research note on Wednesday, August 9th. BidaskClub downgraded Universal Display Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, Summit Redstone reaffirmed a “hold” rating and issued a $95.00 target price on shares of Universal Display Corporation in a research note on Tuesday, August 1st. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $119.89.
Shares of Universal Display Corporation (OLED) traded up 0.08% during mid-day trading on Friday, reaching $132.05. 821,396 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $119.55 and its 200-day moving average price is $106.78. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 76.55 and a beta of 0.98. Universal Display Corporation has a 12-month low of $47.88 and a 12-month high of $134.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Friday, September 15th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend is Thursday, September 14th. Universal Display Corporation’s payout ratio is 6.94%.
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In related news, CEO Steven V. Abramson sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $124.53, for a total transaction of $2,241,540.00. Following the completion of the sale, the chief executive officer now directly owns 262,888 shares of the company’s stock, valued at approximately $32,737,442.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Julia J. Brown sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $125.00, for a total value of $1,250,000.00. Following the sale, the insider now directly owns 162,932 shares of the company’s stock, valued at $20,366,500. The disclosure for this sale can be found here. 5.70% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Westpac Banking Corp acquired a new stake in shares of Universal Display Corporation during the 1st quarter worth about $885,000. Mitra Capital LLC acquired a new stake in shares of Universal Display Corporation during the 2nd quarter worth about $109,000. IFP Advisors Inc boosted its holdings in Universal Display Corporation by 307.5% during the 2nd quarter. IFP Advisors Inc now owns 1,080 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 815 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Universal Display Corporation by 79.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,536 shares of the semiconductor company’s stock valued at $168,000 after acquiring an additional 680 shares during the period. Finally, FNY Partners Fund LP purchased a new position in Universal Display Corporation during the 1st quarter valued at about $146,000. 64.31% of the stock is owned by hedge funds and other institutional investors.
Universal Display Corporation Company Profile
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.
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