Zacks: Brokerages Anticipate LG Display Co Ltd. (LPL) Will Post Earnings of $0.30 Per Share
Brokerages expect that LG Display Co Ltd. (NYSE:LPL) will post earnings of $0.30 per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for LG Display’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.24. LG Display reported earnings of $1.04 per share during the same quarter last year, which indicates a negative year over year growth rate of 71.2%. The company is scheduled to issue its next quarterly earnings report on Friday, April 27th.
According to Zacks, analysts expect that LG Display will report full-year earnings of $2.57 per share for the current financial year, with EPS estimates ranging from $2.43 to $2.71. For the next year, analysts expect that the firm will report earnings of $1.49 per share, with EPS estimates ranging from $1.45 to $1.52. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover LG Display.
A number of brokerages have weighed in on LPL. Zacks Investment Research raised LG Display from a “strong sell” rating to a “hold” rating in a report on Friday, November 3rd. Nomura reissued a “neutral” rating on shares of LG Display in a report on Thursday, October 19th. Finally, Cowen set a $16.00 price objective on LG Display and gave the company a “buy” rating in a report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. LG Display has a consensus rating of “Hold” and an average price target of $15.50.
Shares of LG Display (NYSE LPL) traded down $0.14 during mid-day trading on Thursday, hitting $13.98. The company’s stock had a trading volume of 630,700 shares, compared to its average volume of 746,086. The firm has a market cap of $10,030.00, a P/E ratio of 4.17, a PEG ratio of 0.66 and a beta of 0.47. LG Display has a 52-week low of $11.91 and a 52-week high of $17.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.40.
About LG Display
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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