LG Display (LPL) Expected to Announce Earnings of $0.13 Per Share

Equities research analysts expect LG Display (NYSE:LPL) to report earnings of $0.13 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for LG Display’s earnings. LG Display posted earnings per share of $0.77 during the same quarter last year, which would suggest a negative year-over-year growth rate of 83.1%. The company is scheduled to issue its next quarterly earnings report on Monday, May 21st.

According to Zacks, analysts expect that LG Display will report full year earnings of $1.19 per share for the current financial year. For the next year, analysts anticipate that the firm will report earnings of $1.78 per share, with EPS estimates ranging from $1.72 to $1.83. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover LG Display.

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LG Display (NYSE:LPL) last announced its quarterly earnings results on Tuesday, January 23rd. The electronics maker reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.20). The company had revenue of $6.41 billion for the quarter. LG Display had a net margin of 6.61% and a return on equity of 12.40%.

Several research analysts recently weighed in on LPL shares. Zacks Investment Research upgraded LG Display from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, December 27th. CLSA upgraded LG Display from an “underperform” rating to an “outperform” rating in a research report on Tuesday, January 23rd. Morgan Stanley upgraded LG Display from an “underweight” rating to an “overweight” rating in a research report on Tuesday, January 23rd. Finally, ValuEngine cut LG Display from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.50.

Shares of LPL stock opened at $11.60 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.17 and a quick ratio of 0.90. The company has a market cap of $8,358.61, a P/E ratio of 4.83, a P/E/G ratio of 0.67 and a beta of 0.73. LG Display has a twelve month low of $11.42 and a twelve month high of $17.05.

Several institutional investors have recently bought and sold shares of LPL. KCS Wealth Advisory purchased a new stake in shares of LG Display in the fourth quarter valued at approximately $156,000. Advisor Group Inc. increased its position in shares of LG Display by 2,754.1% in the fourth quarter. Advisor Group Inc. now owns 25,573 shares of the electronics maker’s stock valued at $353,000 after buying an additional 24,677 shares in the last quarter. Shelton Capital Management boosted its stake in shares of LG Display by 14.9% in the fourth quarter. Shelton Capital Management now owns 54,000 shares of the electronics maker’s stock worth $743,000 after acquiring an additional 7,000 shares during the last quarter. US Bancorp DE boosted its stake in shares of LG Display by 26.3% in the fourth quarter. US Bancorp DE now owns 60,155 shares of the electronics maker’s stock worth $827,000 after acquiring an additional 12,526 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of LG Display by 8.8% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 87,000 shares of the electronics maker’s stock worth $1,197,000 after acquiring an additional 7,000 shares during the last quarter. Institutional investors and hedge funds own 3.33% of the company’s stock.

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About LG Display

LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, the Americas, Europe, Asia, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.

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