Analysts Issue Forecasts for Universal Display Co.’s FY2018 Earnings (OLED)

Universal Display Co. (NASDAQ:OLED) – Analysts at Gabelli boosted their FY2018 earnings per share estimates for Universal Display in a research report issued on Monday. Gabelli analyst H. Susanto now expects that the semiconductor company will post earnings of $2.90 per share for the year, up from their previous forecast of $2.70. Gabelli currently has a “Hold” rating and a $134.00 target price on the stock. Gabelli also issued estimates for Universal Display’s FY2019 earnings at $3.60 EPS, FY2020 earnings at $4.25 EPS and FY2021 earnings at $4.90 EPS.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.09 by $0.19. The company had revenue of $61.70 million during the quarter, compared to the consensus estimate of $47.35 million. Universal Display had a return on equity of 16.67% and a net margin of 32.92%. The firm’s revenue for the quarter was up 104.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) EPS.

OLED has been the subject of several other research reports. Zacks Investment Research downgraded Universal Display from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Evercore ISI started coverage on Universal Display in a report on Thursday, November 30th. They set an “outperform” rating and a $225.00 price target for the company. Cowen set a $140.00 price target on Universal Display and gave the company a “buy” rating in a report on Wednesday, October 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Universal Display in a report on Friday, November 3rd. Finally, Deutsche Bank raised their price target on Universal Display to $150.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Universal Display currently has a consensus rating of “Hold” and a consensus target price of $164.80.

Universal Display (NASDAQ:OLED) traded down $5.02 during midday trading on Wednesday, hitting $159.18. The stock had a trading volume of 920,431 shares, compared to its average volume of 1,463,147. The firm has a market cap of $7,720.00, a P/E ratio of 75.55 and a beta of 1.07. Universal Display has a 12 month low of $62.35 and a 12 month high of $209.00.

In other Universal Display news, Chairman Sherwin I. Seligsohn sold 50,000 shares of Universal Display stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $200.00, for a total value of $10,000,000.00. Following the transaction, the chairman now owns 143,119 shares in the company, valued at $28,623,800. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Julia J. Brown sold 10,000 shares of Universal Display stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $150.00, for a total value of $1,500,000.00. Following the completion of the transaction, the insider now owns 152,932 shares in the company, valued at approximately $22,939,800. The disclosure for this sale can be found here. Insiders sold 196,734 shares of company stock worth $33,349,769 in the last 90 days. 5.20% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in OLED. Mitra Capital LLC acquired a new stake in shares of Universal Display during the second quarter valued at about $109,000. Cerebellum GP LLC acquired a new stake in shares of Universal Display during the fourth quarter valued at about $129,000. CIBC Asset Management Inc acquired a new stake in shares of Universal Display during the third quarter valued at about $205,000. Ballentine Partners LLC acquired a new stake in shares of Universal Display during the third quarter valued at about $209,000. Finally, Jarislowsky Fraser Ltd acquired a new stake in shares of Universal Display during the third quarter valued at about $212,000. Hedge funds and other institutional investors own 64.40% of the company’s stock.

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Universal Display 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.

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

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