LG Display Co., Ltd. (LPL) Expected to Announce Earnings of $0.53 Per Share
Brokerages forecast that LG Display Co., Ltd. (NYSE:LPL) will post earnings of $0.53 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for LG Display Co.’s earnings. LG Display Co. reported earnings of $0.22 per share during the same quarter last year, which suggests a positive year over year growth rate of 140.9%. The business is expected to report its next quarterly earnings report on Monday, November 13th.
According to Zacks, analysts expect that LG Display Co. will report full year earnings of $2.61 per share for the current fiscal year. For the next fiscal year, analysts forecast that the firm will post earnings of $1.71 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow LG Display Co..
A number of equities research analysts have recently commented on the stock. BidaskClub upgraded shares of LG Display Co. from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Zacks Investment Research downgraded shares of LG Display Co. from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Cowen and Company reiterated a “buy” rating and set a $20.40 price target on shares of LG Display Co. in a report on Friday, July 28th. Finally, UBS AG downgraded shares of LG Display Co. from a “buy” rating to a “neutral” rating in a report on Wednesday, July 26th. Five analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $18.70.
Shares of LG Display Co. (NYSE LPL) traded up 1.37% during mid-day trading on Wednesday, reaching $13.34. The company has a 50 day moving average price of $13.89 and a 200 day moving average price of $14.22. LG Display Co. has a 12 month low of $11.26 and a 12 month high of $17.05. The stock has a market cap of $9.55 billion, a P/E ratio of 4.71 and a beta of 0.32.
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Institutional investors have recently added to or reduced their stakes in the stock. Diversified Trust Co purchased a new stake in LG Display Co. in the second quarter valued at approximately $1,201,000. Morgan Stanley grew its holdings in LG Display Co. by 18.1% in the first quarter. Morgan Stanley now owns 1,439,421 shares of the electronics maker’s stock valued at $19,604,000 after purchasing an additional 220,866 shares during the period. Airain ltd purchased a new stake in LG Display Co. in the second quarter valued at approximately $1,085,000. Aperio Group LLC grew its holdings in LG Display Co. by 33.8% in the second quarter. Aperio Group LLC now owns 739,439 shares of the electronics maker’s stock valued at $11,883,000 after purchasing an additional 186,817 shares during the period. Finally, US Bancorp DE grew its holdings in LG Display Co. by 6.5% in the first quarter. US Bancorp DE now owns 7,794 shares of the electronics maker’s stock valued at $106,000 after purchasing an additional 473 shares during the period. Hedge funds and other institutional investors own 3.72% of the company’s stock.
About LG Display Co.
LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.
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