Analysts forecast that Universal Display Co. (NASDAQ:OLED) will announce sales of $87.68 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Universal Display’s earnings, with the highest sales estimate coming in at $90.80 million and the lowest estimate coming in at $82.00 million. Universal Display posted sales of $61.68 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 42.2%. The firm is expected to issue its next earnings report on Thursday, November 1st.

On average, analysts expect that Universal Display will report full year sales of $296.27 million for the current financial year, with estimates ranging from $291.80 million to $300.30 million. For the next financial year, analysts expect that the firm will report sales of $430.61 million per share, with estimates ranging from $377.00 million to $460.05 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Universal Display.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, August 9th. The semiconductor company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The company had revenue of $56.15 million for 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 firm’s revenue was down 45.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share.

Several research firms have commented on OLED. BidaskClub raised Universal Display from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 10th. Roth Capital began coverage on Universal Display in a research report on Monday, May 21st. They set a “buy” rating and a $136.00 price target on the stock. Citigroup began coverage on Universal Display in a research report on Tuesday. They set a “buy” rating on the stock. ValuEngine lowered Universal Display from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Zacks Investment Research raised Universal Display from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $174.80.

In other news, Director Lawrence Lacerte sold 15,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 348,950 shares of the company’s stock, valued at $41,703,014.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Rosemarie B. Greco sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $98.15, for a total value of $368,062.50. Following the completion of the transaction, the director now directly owns 10,700 shares in the company, valued at approximately $1,050,205. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in Universal Display by 187.9% during the first quarter. Assetmark Inc. now owns 996 shares of the semiconductor company’s stock worth $101,000 after acquiring an additional 650 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Universal Display by 93.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,274 shares of the semiconductor company’s stock worth $129,000 after acquiring an additional 616 shares during the period. US Bancorp DE grew its holdings in Universal Display by 125.0% during the first quarter. US Bancorp DE now owns 1,640 shares of the semiconductor company’s stock worth $165,000 after acquiring an additional 911 shares during the period. Advisors Asset Management Inc. grew its holdings in Universal Display by 4,030.0% during the second quarter. Advisors Asset Management Inc. now owns 190,683 shares of the semiconductor company’s stock worth $192,000 after acquiring an additional 186,066 shares during the period. Finally, Cornercap Investment Counsel Inc. acquired a new position in Universal Display during the first quarter worth $202,000. 72.57% of the stock is currently owned by institutional investors and hedge funds.

OLED opened at $124.50 on Wednesday. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 51.23 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 business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Saturday, September 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Thursday, September 13th. Universal Display’s payout ratio is currently 9.88%.

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.

Recommended Story: How Do I Invest in Dividend Stocks

Get a free copy of the Zacks research report on Universal Display (OLED)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Universal Display Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display and related companies with MarketBeat.com's FREE daily email newsletter.