$0.30 EPS Expected for LG Display Co., Ltd. (LPL) This Quarter
Wall Street analysts expect LG Display Co., Ltd. (NYSE:LPL) to announce $0.30 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for LG Display Co.’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.36. LG Display Co. posted earnings per share of $1.04 during the same quarter last year, which indicates a negative year over year growth rate of 71.2%. The firm is expected to issue its next earnings results on Friday, April 27th.
On average, analysts expect that LG Display Co. will report full year earnings of $2.57 per share for the current year, with EPS estimates ranging from $2.43 to $2.71. For the next financial year, analysts anticipate that the company will post earnings of $1.49 per share, with EPS estimates ranging from $1.45 to $1.52. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover LG Display Co..
A number of research analysts recently weighed in on the company. UBS Group AG cut LG Display Co. from a “buy” rating to a “neutral” rating in a report on Wednesday, July 26th. Cowen and Company reiterated a “buy” rating and issued a $20.40 target price on shares of LG Display Co. in a report on Friday, July 28th. BidaskClub cut LG Display Co. from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research cut LG Display Co. from a “buy” rating to a “hold” rating in a report on Saturday, July 29th. Finally, Nomura reiterated a “neutral” rating on shares of LG Display Co. in a report on Thursday, October 19th. Four analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $16.50.
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Several institutional investors and hedge funds have recently modified their holdings of the business. Highbridge Capital Management LLC acquired a new position in shares of LG Display Co. during the third quarter worth about $1,611,000. Schwab Charles Investment Management Inc. lifted its stake in shares of LG Display Co. by 10.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 361,200 shares of the electronics maker’s stock worth $4,848,000 after purchasing an additional 33,400 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of LG Display Co. by 40.9% during the third quarter. Wells Fargo & Company MN now owns 101,158 shares of the electronics maker’s stock worth $1,358,000 after purchasing an additional 29,342 shares in the last quarter. Assetmark Inc. acquired a new position in shares of LG Display Co. during the third quarter worth about $4,970,000. Finally, Dynamic Technology Lab Private Ltd lifted its stake in shares of LG Display Co. by 79.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 73,642 shares of the electronics maker’s stock worth $988,000 after purchasing an additional 32,526 shares in the last quarter. Institutional investors own 3.76% of the company’s stock.
About LG Display Co.
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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