Universal Display (OLED) Set to Announce Quarterly Earnings on Thursday

Universal Display (NASDAQ:OLED) will be issuing its quarterly earnings data after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.84 per share for the quarter.

Universal Display (NASDAQ:OLED) opened at $159.15 on Thursday. Universal Display has a 1 year low of $66.65 and a 1 year high of $209.00. The firm has a market cap of $7,490.00, a PE ratio of 76.15 and a beta of 0.90.

In other news, Chairman Sherwin I. Seligsohn sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $200.00, for a total transaction of $10,000,000.00. Following the completion of the sale, the chairman now owns 143,119 shares in the company, valued at approximately $28,623,800. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.20% of the company’s stock.

Several equities research analysts have commented on OLED shares. Cross Research lowered shares of Universal Display from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded shares of Universal Display from a “hold” rating to a “buy” rating and set a $198.00 price objective for the company in a research note on Wednesday, November 15th. Cowen set a $150.00 price objective on shares of Universal Display and gave the company a “buy” rating in a research note on Wednesday, November 1st. Deutsche Bank reiterated a “buy” rating and issued a $190.00 price objective on shares of Universal Display in a research note on Thursday, January 25th. Finally, Evercore ISI initiated coverage on shares of Universal Display in a research note on Thursday, November 30th. They issued an “outperform” rating and a $225.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $164.80.

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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 for Universal Display (NASDAQ:OLED)

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