Equities analysts expect that Universal Display Co. (NASDAQ:OLED) will post earnings per share of $0.46 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Universal Display’s earnings, with estimates ranging from $0.43 to $0.50. Universal Display reported earnings of $0.23 per share during the same quarter last year, which indicates a positive year over year growth rate of 100%. The business is expected to announce its next quarterly earnings results after the market closes on Thursday, August 8th.

On average, analysts expect that Universal Display will report full year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.30 to $2.61. For the next year, analysts anticipate that the business will post earnings of $3.65 per share, with EPS estimates ranging from $3.30 to $3.97. Zacks’ EPS calculations are an average based on a survey of research firms that cover Universal Display.

Universal Display (NASDAQ:OLED) last released its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.40. The business had revenue of $87.80 million for the quarter, compared to analyst estimates of $64.59 million. Universal Display had a return on equity of 12.35% and a net margin of 28.93%. The company’s revenue was up 101.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS.

Several equities analysts have recently weighed in on OLED shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective (up from $200.00) on shares of Universal Display in a research note on Friday. Susquehanna Bancshares reiterated a “neutral” rating and set a $180.00 target price on shares of Universal Display in a report on Monday, April 29th. Zacks Investment Research downgraded GenMark Diagnostics from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Citigroup reiterated a “buy” rating on shares of Healthequity in a report on Friday, May 10th. Finally, Oppenheimer raised their target price on Costco Wholesale from $270.00 to $295.00 in a report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $168.22.

Shares of NASDAQ OLED traded up $3.50 during midday trading on Wednesday, hitting $203.12. The stock had a trading volume of 17,371 shares, compared to its average volume of 572,588. The company has a market cap of $9.56 billion, a P/E ratio of 163.42, a price-to-earnings-growth ratio of 2.72 and a beta of 1.54. Universal Display has a 1-year low of $78.78 and a 1-year high of $201.23. The business has a fifty day moving average of $173.39.

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.20%. Universal Display’s payout ratio is currently 32.26%.

In other news, Director Rosemarie B. Greco sold 4,425 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $171.13, for a total value of $757,250.25. Following the completion of the sale, the director now directly owns 6,793 shares in the company, valued at approximately $1,162,486.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Janice K. Mahon sold 20,819 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $170.24, for a total value of $3,544,226.56. Following the completion of the sale, the vice president now owns 37,039 shares of the company’s stock, valued at $6,305,519.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,750 shares of company stock worth $19,581,068. Company insiders own 3.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Primecap Management Co. CA increased its holdings in shares of Universal Display by 1.2% in the 1st quarter. Primecap Management Co. CA now owns 4,768,412 shares of the semiconductor company’s stock valued at $728,852,000 after acquiring an additional 55,493 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Universal Display by 1.2% in the 1st quarter. BlackRock Inc. now owns 3,799,251 shares of the semiconductor company’s stock valued at $580,715,000 after acquiring an additional 44,364 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Universal Display by 1.4% during the 1st quarter. Neuberger Berman Group LLC now owns 1,357,193 shares of the semiconductor company’s stock valued at $207,447,000 after purchasing an additional 19,187 shares during the period. Griffin Asset Management Inc. grew its position in Universal Display by 31.4% during the 1st quarter. Griffin Asset Management Inc. now owns 496,734 shares of the semiconductor company’s stock worth $75,926,000 after acquiring an additional 118,830 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Universal Display by 178.8% during the 4th quarter. Bank of New York Mellon Corp now owns 455,871 shares of the semiconductor company’s stock worth $42,656,000 after acquiring an additional 292,382 shares during the last quarter. Institutional investors and hedge funds own 76.16% of the company’s stock.

About Universal Display

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 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

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

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