Universal Display (OLED) Posts Earnings Results, Beats Estimates By $0.08 EPS
Universal Display (NASDAQ:OLED) posted its quarterly earnings results on Thursday. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.08, Briefing.com reports. Universal Display had a net margin of 30.74% and a return on equity of 17.53%. The firm had revenue of $56.15 million during the quarter, compared to analyst estimates of $49.64 million. During the same quarter in the prior year, the business posted $0.99 earnings per share. The company’s quarterly revenue was down 45.2% compared to the same quarter last year.
Universal Display traded up $13.70, hitting $114.85, during trading hours on Friday, Marketbeat reports. 4,419,552 shares of the stock were exchanged, compared to its average volume of 847,091. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 47.26 and a beta of 1.44. Universal Display has a 12 month low of $78.75 and a 12 month high of $209.00.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Saturday, September 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.24 annualized dividend and a yield of 0.21%. Universal Display’s dividend payout ratio is 9.88%.
In other Universal Display news, Director Rosemarie B. Greco sold 3,750 shares of the company’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $98.15, for a total transaction of $368,062.50. Following the sale, the director now directly owns 10,700 shares of the company’s stock, valued at $1,050,205. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.00% of the stock is currently owned by corporate insiders.
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 flat panel displays and solid-state lighting applications. As of February 22, 2018, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 4,500 issued and pending patents worldwide.
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