$0.67 Earnings Per Share Expected for Universal Display Co. (NASDAQ:OLED) This Quarter


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Brokerages expect Universal Display Co. (NASDAQ:OLED) to report earnings of $0.67 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Universal Display’s earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.70. Universal Display posted earnings per share of $0.80 during the same quarter last year, which would indicate a negative year over year growth rate of 16.3%. The company is scheduled to report its next earnings report after the market closes on Thursday, May 6th.

On average, analysts expect that Universal Display will report full-year earnings of $3.85 per share for the current financial year, with EPS estimates ranging from $3.80 to $3.90. For the next fiscal year, analysts expect that the company will report earnings of $5.25 per share, with EPS estimates ranging from $5.09 to $5.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Universal Display.

Universal Display (NASDAQ:OLED) last released its earnings results on Wednesday, February 17th. The semiconductor company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.64 by $0.49. Universal Display had a return on equity of 13.21% and a net margin of 27.22%. The business had revenue of $141.54 million during the quarter, compared to analysts’ expectations of $106.98 million.

A number of brokerages have commented on OLED. Deutsche Bank Aktiengesellschaft raised their price objective on Universal Display from $220.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, February 16th. Oppenheimer reissued a “buy” rating and issued a $275.00 price objective on shares of Universal Display in a research note on Thursday, March 4th. Needham & Company LLC raised their target price on Universal Display from $240.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, February 25th. Susquehanna restated a “sell” rating on shares of Universal Display in a report on Sunday, April 4th. Finally, The Goldman Sachs Group raised their target price on Universal Display from $214.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, December 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $251.13.

Shares of Universal Display stock opened at $229.25 on Wednesday. Universal Display has a 52 week low of $130.35 and a 52 week high of $262.77. The stock has a 50 day moving average price of $224.85 and a two-hundred day moving average price of $223.13. The stock has a market capitalization of $10.80 billion, a PE ratio of 102.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.43.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Tuesday, March 16th were issued a dividend of $0.20 per share. This is a positive change from Universal Display’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Monday, March 15th. Universal Display’s dividend payout ratio (DPR) is 24.24%.

A number of institutional investors have recently modified their holdings of OLED. Norges Bank bought a new stake in Universal Display during the fourth quarter worth $190,214,000. First Trust Advisors LP lifted its holdings in Universal Display by 201.7% during the fourth quarter. First Trust Advisors LP now owns 364,167 shares of the semiconductor company’s stock worth $83,686,000 after acquiring an additional 243,448 shares during the period. FMR LLC lifted its holdings in Universal Display by 156,745.0% during the first quarter. FMR LLC now owns 202,330 shares of the semiconductor company’s stock worth $30,926,000 after acquiring an additional 202,201 shares during the period. Handelsbanken Fonder AB lifted its holdings in Universal Display by 96.1% during the fourth quarter. Handelsbanken Fonder AB now owns 187,152 shares of the semiconductor company’s stock worth $43,008,000 after acquiring an additional 91,707 shares during the period. Finally, Morgan Stanley lifted its holdings in Universal Display by 63.3% during the fourth quarter. Morgan Stanley now owns 194,660 shares of the semiconductor company’s stock worth $44,733,000 after acquiring an additional 75,445 shares during the period. Institutional investors and hedge funds own 70.78% 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 display and solid-state lighting applications. As of February 18, 2021, it owned, exclusively licenses, or had sole rights to sublicense approximately 5,000 issued and pending patents worldwide.

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