Analysts Anticipate LG Display Co., Ltd. (LPL) Will Announce Earnings of $0.30 Per Share
Analysts predict that LG Display Co., Ltd. (NYSE:LPL) will report earnings of $0.30 per share for the current quarter, according to Zacks. Zero analysts have made estimates for LG Display’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.36. LG Display reported earnings per share of $1.04 in the same quarter last year, which would suggest a negative year over year growth rate of 71.2%. The company is scheduled to issue its next earnings report on Friday, April 27th.
According to Zacks, analysts expect that LG Display will report full year earnings of $2.57 per share for the current year, with EPS estimates ranging from $2.43 to $2.71. For the next fiscal year, analysts expect that the business will report earnings of $1.49 per share, with EPS estimates ranging from $1.45 to $1.52. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow LG Display.
LPL has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. BidaskClub raised shares of LG Display from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Cowen Inc set a $16.00 target price on shares of LG Display and gave the company a “buy” rating in a research note on Monday, October 23rd. Finally, Nomura reissued a “neutral” rating on shares of LG Display in a research note on Thursday, October 19th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. LG Display presently has an average rating of “Hold” and an average price target of $16.50.
LG Display (NYSE LPL) traded down $0.18 during midday trading on Monday, hitting $14.29. 469,150 shares of the stock traded hands, compared to its average volume of 854,061. LG Display has a 1-year low of $11.80 and a 1-year high of $17.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.40 and a quick ratio of 1.07. The firm has a market cap of $10,230.00, a price-to-earnings ratio of 4.43, a PEG ratio of 0.39 and a beta of 0.43.
A number of institutional investors have recently bought and sold shares of the business. Aperio Group LLC boosted its stake in LG Display by 20.0% during the 3rd quarter. Aperio Group LLC now owns 887,040 shares of the electronics maker’s stock valued at $11,904,000 after purchasing an additional 147,601 shares during the period. Parametric Portfolio Associates LLC boosted its stake in LG Display by 17.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 736,779 shares of the electronics maker’s stock valued at $11,840,000 after purchasing an additional 110,776 shares during the period. Northern Trust Corp boosted its stake in LG Display by 13.1% during the 2nd quarter. Northern Trust Corp now owns 415,899 shares of the electronics maker’s stock valued at $6,684,000 after purchasing an additional 48,334 shares during the period. Assetmark Inc. acquired a new position in LG Display during the 3rd quarter valued at about $4,970,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in LG Display by 10.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 361,200 shares of the electronics maker’s stock valued at $4,848,000 after purchasing an additional 33,400 shares during the period. 3.76% of the stock is owned by hedge funds and other institutional investors.
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About LG Display
LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.
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