Equities research analysts predict that Universal Display Co. (NASDAQ:OLED) will report earnings of $0.82 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Universal Display’s earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.76. Universal Display reported earnings of $0.55 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 49.1%. The business is expected to announce its next earnings results after the market closes on Thursday, February 22nd.

According to Zacks, analysts expect that Universal Display will report full-year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.28 to $2.37. For the next financial year, analysts expect that the business will report earnings of $3.04 per share, with EPS estimates ranging from $2.90 to $3.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Universal Display.

A number of research firms have recently commented on OLED. BidaskClub lowered Universal Display from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Zacks Investment Research lowered Universal Display from a “buy” rating to a “hold” rating in a report on Saturday, January 27th. Cowen set a $140.00 price objective on Universal Display and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Deutsche Bank reiterated a “buy” rating and issued a $190.00 price objective on shares of Universal Display in a research report on Thursday, January 25th. Finally, Cross Research downgraded Universal Display from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $164.80.

In related news, Chairman Sherwin I. Seligsohn sold 50,000 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $200.00, for a total value of $10,000,000.00. Following the sale, the chairman now owns 143,119 shares in the company, valued at $28,623,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE raised its position in Universal Display by 4,188.2% during the fourth quarter. US Bancorp DE now owns 729 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 712 shares in the last quarter. Cerebellum GP LLC purchased a new stake in Universal Display during the fourth quarter valued at about $129,000. Glassman Wealth Services raised its position in Universal Display by 60.7% during the fourth quarter. Glassman Wealth Services now owns 961 shares of the semiconductor company’s stock valued at $166,000 after purchasing an additional 363 shares in the last quarter. Aries Wealth Management purchased a new stake in Universal Display during the fourth quarter valued at about $204,000. Finally, CIBC Asset Management Inc purchased a new stake in Universal Display during the third quarter valued at about $205,000. Institutional investors and hedge funds own 64.50% of the company’s stock.

Universal Display (NASDAQ:OLED) traded down $10.25 during trading on Thursday, hitting $139.80. The stock had a trading volume of 1,952,761 shares, compared to its average volume of 1,450,000. Universal Display has a 52-week low of $63.40 and a 52-week high of $209.00. The company has a market capitalization of $6,580.00, a price-to-earnings ratio of 66.89 and a beta of 0.90.

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About Universal Display

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 (NASDAQ:OLED)

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