Universal Display (NASDAQ:OLED) Issues Quarterly Earnings Results

Universal Display (NASDAQ:OLEDGet Free Report) posted its quarterly earnings data on Thursday. The semiconductor company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14, Briefing.com reports. The company had revenue of $165.26 million during the quarter, compared to analysts’ expectations of $150.75 million. Universal Display had a return on equity of 14.85% and a net margin of 35.22%. Universal Display’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share.

Universal Display Stock Up 9.3 %

NASDAQ:OLED traded up $14.50 during trading hours on Friday, reaching $170.82. The company had a trading volume of 736,271 shares, compared to its average volume of 288,423. The stock has a 50-day moving average of $163.30 and a two-hundred day moving average of $168.95. Universal Display has a one year low of $131.00 and a one year high of $194.84. The firm has a market capitalization of $8.10 billion, a PE ratio of 40.29, a PEG ratio of 1.66 and a beta of 1.44.

Universal Display Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.40 dividend. This is a positive change from Universal Display’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, March 14th. This represents a $1.60 annualized dividend and a yield of 0.94%. Universal Display’s payout ratio is currently 37.74%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $198.00 price target on shares of Universal Display in a research report on Friday. Citigroup reaffirmed a “neutral” rating and issued a $180.00 price target (up previously from $161.00) on shares of Universal Display in a report on Friday, January 19th. Oppenheimer reissued an “outperform” rating and set a $200.00 price objective (down previously from $210.00) on shares of Universal Display in a report on Friday, February 23rd. Finally, TD Cowen upped their target price on Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $199.86.

Check Out Our Latest Stock Analysis on OLED

Universal Display Company Profile

(Get Free Report)

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 in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.

See Also

Earnings History for Universal Display (NASDAQ:OLED)

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