Universal Display (OLED) to Release Quarterly Earnings on Thursday

Universal Display (NASDAQ:OLED) is scheduled to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.05 per share for the quarter. Universal Display has set its FY 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Universal Display (NASDAQ:OLED) last announced its earnings results on Thursday, February 22nd. The semiconductor company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.11. Universal Display had a net margin of 35.22% and a return on equity of 14.85%. The company had revenue of $158.32 million during the quarter, compared to the consensus estimate of $161.08 million. During the same period last year, the firm earned $1.36 earnings per share. Universal Display’s revenue was down 6.3% compared to the same quarter last year. On average, analysts expect Universal Display to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Universal Display Trading Up 1.7 %

Shares of OLED opened at $156.44 on Thursday. The firm has a market cap of $7.41 billion, a PE ratio of 36.90, a P/E/G ratio of 1.66 and a beta of 1.45. Universal Display has a 12 month low of $125.98 and a 12 month high of $194.84. The stock has a fifty day moving average price of $167.08 and a 200-day moving average price of $169.27.

Universal Display Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Universal Display’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a yield of 1.02%. Universal Display’s dividend payout ratio (DPR) is 37.74%.

Analyst Ratings Changes

Several research firms have recently issued reports on OLED. TD Cowen upped their price objective on shares of Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Needham & Company LLC reiterated a “buy” rating and set a $198.00 price objective on shares of Universal Display in a research note on Tuesday, March 26th. Oppenheimer reissued an “outperform” rating and set a $200.00 price objective (down from $210.00) on shares of Universal Display in a report on Friday, February 23rd. Finally, Citigroup restated a “neutral” rating and issued a $180.00 target price (up previously from $161.00) on shares of Universal Display in a research note on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Universal Display presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.86.

Universal Display Company Profile

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.