Wall Street analysts expect that Universal Display Corporation (NASDAQ:OLED) will post earnings per share of $0.82 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Universal Display Corporation’s earnings. The highest EPS estimate is $0.86 and the lowest is $0.76. Universal Display Corporation posted earnings per share of $0.55 in the same quarter last year, which indicates a positive year over year growth rate of 49.1%. The company is scheduled to report its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Universal Display Corporation will report full-year earnings of $2.33 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.37. For the next financial year, analysts expect that the firm will report earnings of $3.00 per share, with EPS estimates ranging from $2.70 to $3.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Universal Display Corporation.

Universal Display Corporation (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.19. The firm had revenue of $61.70 million during the quarter, compared to analyst estimates of $47.35 million. Universal Display Corporation had a net margin of 32.92% and a return on equity of 16.67%. The business’s quarterly revenue was up 104.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.03) EPS.

A number of equities research analysts have recently weighed in on OLED shares. Cowen and Company set a $140.00 price objective on shares of Universal Display Corporation and gave the stock a “buy” rating in a report on Friday, August 4th. Zacks Investment Research upgraded shares of Universal Display Corporation from a “hold” rating to a “strong-buy” rating and set a $168.00 price target for the company in a report on Thursday, November 2nd. Gabelli lowered shares of Universal Display Corporation from a “buy” rating to a “hold” rating and set a $134.00 price target for the company. in a report on Friday, November 3rd. Deutsche Bank AG assumed coverage on shares of Universal Display Corporation in a report on Wednesday, August 30th. They set a “buy” rating and a $135.00 price target for the company. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $150.00 price target (up from $120.00) on shares of Universal Display Corporation in a report on Wednesday, August 9th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $139.78.

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In other Universal Display Corporation news, CFO Sidney D. Rosenblatt sold 50,240 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $135.02, for a total value of $6,783,404.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Julia J. Brown sold 10,000 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the insider now owns 152,932 shares of the company’s stock, valued at $22,939,800. The disclosure for this sale can be found here. Insiders sold a total of 196,974 shares of company stock valued at $30,133,174 over the last 90 days. Company insiders own 5.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Columbus Circle Investors grew its position in shares of Universal Display Corporation by 24.1% in the 3rd quarter. Columbus Circle Investors now owns 843,537 shares of the semiconductor company’s stock worth $108,690,000 after buying an additional 163,569 shares during the period. State Street Corp grew its position in shares of Universal Display Corporation by 3.1% in the 1st quarter. State Street Corp now owns 788,727 shares of the semiconductor company’s stock worth $67,909,000 after buying an additional 23,770 shares during the period. TD Asset Management Inc. grew its position in shares of Universal Display Corporation by 2.8% in the 3rd quarter. TD Asset Management Inc. now owns 641,094 shares of the semiconductor company’s stock worth $82,605,000 after buying an additional 17,385 shares during the period. Neuberger Berman Group LLC grew its position in shares of Universal Display Corporation by 18.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 606,472 shares of the semiconductor company’s stock worth $66,257,000 after buying an additional 93,223 shares during the period. Finally, Newbrook Capital Advisors LP grew its position in shares of Universal Display Corporation by 49.4% in the 2nd quarter. Newbrook Capital Advisors LP now owns 558,174 shares of the semiconductor company’s stock worth $60,981,000 after buying an additional 184,683 shares during the period. 64.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Universal Display Corporation (OLED) opened at $177.05 on Tuesday. The firm has a market cap of $8,274.44, a P/E ratio of 86.22 and a beta of 1.03. Universal Display Corporation has a 1-year low of $52.10 and a 1-year high of $178.71.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.03 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.12 annualized dividend and a yield of 0.07%. Universal Display Corporation’s dividend payout ratio (DPR) is presently 5.88%.

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

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