Equities analysts expect that Universal Display Corporation (NASDAQ:OLED) will post $0.09 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Universal Display Corporation’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.10. Universal Display Corporation posted earnings per share of ($0.03) during the same quarter last year, which suggests a positive year over year growth rate of 400%. The business is expected to report its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that Universal Display Corporation will report full-year earnings of $2.09 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.11. For the next year, analysts forecast that the company will report earnings of $2.79 per share, with EPS estimates ranging from $2.47 to $3.00. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for Universal Display Corporation.

Universal Display Corporation (NASDAQ:OLED) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.31. The business had revenue of $102.50 million during the quarter, compared to analysts’ expectations of $84.81 million. Universal Display Corporation had a return on equity of 14.90% and a net margin of 31.15%. Universal Display Corporation’s revenue was up 59.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share.

A number of analysts recently commented on OLED shares. Summit Redstone restated a “hold” rating and issued a $95.00 price objective on shares of Universal Display Corporation in a research report on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $161.00 price objective (up previously from $150.00) on shares of Universal Display Corporation in a research report on Monday, September 18th. Zacks Investment Research cut shares of Universal Display Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Cowen and Company restated an “outperform” rating and issued a $130.00 price objective on shares of Universal Display Corporation in a research report on Tuesday, August 1st. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $150.00 price objective on shares of Universal Display Corporation in a research report on Tuesday, September 5th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $121.11.

Shares of Universal Display Corporation (NASDAQ OLED) traded up 0.71% during mid-day trading on Thursday, hitting $128.10. The stock had a trading volume of 474,030 shares. Universal Display Corporation has a 12-month low of $47.88 and a 12-month high of $145.30. The stock’s 50-day moving average price is $125.82 and its 200-day moving average price is $111.79. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 74.48 and a beta of 1.04.

The business also recently announced a quarterly dividend, which was paid on Saturday, September 30th. Investors of record on Friday, September 15th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date was Thursday, September 14th. Universal Display Corporation’s payout ratio is presently 6.94%.

In related news, insider Julia J. Brown sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $125.00, for a total value of $1,250,000.00. Following the completion of the transaction, the insider now directly owns 162,932 shares of the company’s stock, valued at approximately $20,366,500. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Steven V. Abramson sold 18,000 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $124.53, for a total transaction of $2,241,540.00. Following the completion of the transaction, the chief executive officer now directly owns 262,888 shares of the company’s stock, valued at $32,737,442.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,240 shares of company stock valued at $10,274,945. Company insiders own 5.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Griffin Asset Management Inc. acquired a new position in shares of Universal Display Corporation during the 2nd quarter worth about $546,000. USA Financial Portformulas Corp acquired a new position in shares of Universal Display Corporation during the 2nd quarter worth about $345,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Universal Display Corporation during the 2nd quarter worth about $788,000. Public Employees Retirement System of Ohio acquired a new position in shares of Universal Display Corporation during the 2nd quarter worth about $2,029,000. Finally, Verition Fund Management LLC acquired a new position in shares of Universal Display Corporation during the 2nd quarter worth about $366,000. Institutional investors own 64.09% of the company’s stock.

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Universal Display Corporation Company Profile

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.

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

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