Universal Display (OLED) Releases Earnings Results
Universal Display (NASDAQ:OLED) announced its quarterly earnings data on Thursday. The semiconductor company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.08, Briefing.com reports. Universal Display had a return on equity of 17.53% and a net margin of 30.74%. The company had revenue of $56.15 million during the quarter, compared to the consensus estimate of $49.64 million. During the same quarter last year, the company earned $0.99 EPS. The company’s quarterly revenue was down 45.2% on a year-over-year basis.
Shares of Universal Display stock traded up $13.70 during midday trading on Friday, hitting $114.85. 4,419,552 shares of the company were exchanged, compared to its average volume of 847,091. The company has a market capitalization of $4.80 billion, a PE ratio of 47.26 and a beta of 1.44. 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. Investors of record on Saturday, September 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.21%. Universal Display’s dividend payout ratio (DPR) is presently 9.88%.
OLED has been the subject of a number of research reports. ValuEngine upgraded Universal Display from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. Needham & Company LLC raised their price objective on Universal Display from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday. Goldman Sachs Group set a $150.00 price objective on Universal Display and gave the stock a “buy” rating in a research report on Tuesday, May 29th. Zacks Investment Research upgraded Universal Display from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, BidaskClub downgraded Universal Display from a “sell” rating to a “strong sell” rating in a research report on Friday, June 15th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Universal Display currently has a consensus rating of “Buy” and a consensus price target of $174.80.
Universal Display Company Profile
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.
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