Wall Street analysts forecast that Universal Display Co. (NASDAQ:OLED) will report earnings per share (EPS) of $0.63 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Universal Display’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.69. Universal Display reported earnings per share of $0.28 in the same quarter last year, which suggests a positive year over year growth rate of 125%. The business is expected to issue its next earnings results on Thursday, November 1st.

On average, analysts expect that Universal Display will report full year earnings of $1.83 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.93. For the next financial year, analysts anticipate that the business will post earnings of $3.39 per share, with EPS estimates ranging from $2.55 to $3.77. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Universal Display.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, August 9th. The semiconductor company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.08. The business had revenue of $56.15 million during the quarter, compared to analyst estimates of $49.64 million. Universal Display had a return on equity of 11.59% and a net margin of 22.76%. The company’s quarterly revenue was down 45.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS.

A number of research firms have commented on OLED. Oppenheimer lifted their target price on Universal Display from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday. CIBC reissued an “outperform” rating and issued a $140.00 target price (up previously from $120.00) on shares of Universal Display in a report on Tuesday. ValuEngine raised Universal Display from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. BidaskClub raised Universal Display from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 10th. Finally, Citigroup began coverage on Universal Display in a report on Tuesday, September 4th. They issued a “buy” rating and a $153.00 target price for the company. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $171.75.

Shares of Universal Display stock traded up $0.10 on Thursday, reaching $121.75. The company’s stock had a trading volume of 581,482 shares, compared to its average volume of 1,351,867. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 50.48 and a beta of 1.73. Universal Display has a 52 week low of $78.75 and a 52 week high of $209.00.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Saturday, September 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Thursday, September 13th. Universal Display’s payout ratio is currently 9.88%.

In related news, Director Lawrence Lacerte sold 15,000 shares of Universal Display stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $119.51, for a total value of $1,792,650.00. Following the completion of the sale, the director now owns 348,950 shares of the company’s stock, valued at $41,703,014.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mauro Premutico sold 10,044 shares of Universal Display stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $123.63, for a total value of $1,241,739.72. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Epoch Investment Partners Inc. lifted its position in Universal Display by 2.3% during the second quarter. Epoch Investment Partners Inc. now owns 3,518,398 shares of the semiconductor company’s stock valued at $302,583,000 after purchasing an additional 78,075 shares in the last quarter. BlackRock Inc. lifted its position in Universal Display by 17.6% during the first quarter. BlackRock Inc. now owns 1,985,898 shares of the semiconductor company’s stock valued at $200,576,000 after purchasing an additional 297,565 shares in the last quarter. Millennium Management LLC lifted its position in Universal Display by 479.7% during the second quarter. Millennium Management LLC now owns 740,149 shares of the semiconductor company’s stock valued at $63,653,000 after purchasing an additional 612,476 shares in the last quarter. Wells Fargo & Company MN lifted its position in Universal Display by 8.0% during the second quarter. Wells Fargo & Company MN now owns 703,597 shares of the semiconductor company’s stock valued at $60,509,000 after purchasing an additional 52,030 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its position in Universal Display by 18.7% during the second quarter. Frontier Capital Management Co. LLC now owns 694,409 shares of the semiconductor company’s stock valued at $59,719,000 after purchasing an additional 109,468 shares in the last quarter. 72.56% of the stock is owned by institutional investors.

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

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