Analysts expect that LG Display Co Ltd. (NYSE:LPL) will report earnings of ($0.08) per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for LG Display’s earnings, with the lowest EPS estimate coming in at ($0.17) and the highest estimate coming in at $0.01. LG Display reported earnings per share of $0.87 in the same quarter last year, which indicates a negative year over year growth rate of 109.2%. The company is expected to announce its next earnings report on Monday, August 13th.
According to Zacks, analysts expect that LG Display will report full-year earnings of ($0.58) per share for the current year. For the next fiscal year, analysts forecast that the firm will report earnings of $0.50 per share. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for LG Display.
LG Display (NYSE:LPL) last posted its earnings results on Tuesday, May 15th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.18). The company had revenue of $5.28 billion for the quarter. LG Display had a net margin of 4.31% and a return on equity of 7.69%.
Shares of LG Display stock traded down $0.02 during trading on Friday, hitting $9.72. 466,435 shares of the stock traded hands, compared to its average volume of 865,994. LG Display has a 52-week low of $7.77 and a 52-week high of $15.88. The firm has a market cap of $6.97 billion, a P/E ratio of 4.05 and a beta of 0.75. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 0.31.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LMR Partners LLP boosted its position in shares of LG Display by 131.2% during the second quarter. LMR Partners LLP now owns 2,268,673 shares of the electronics maker’s stock worth $18,623,000 after purchasing an additional 1,287,377 shares in the last quarter. Aperio Group LLC grew its stake in LG Display by 6.6% in the 1st quarter. Aperio Group LLC now owns 894,270 shares of the electronics maker’s stock valued at $10,821,000 after buying an additional 55,207 shares during the last quarter. NINE MASTS CAPITAL Ltd boosted its holdings in LG Display by 42.6% in the 1st quarter. NINE MASTS CAPITAL Ltd now owns 564,306 shares of the electronics maker’s stock valued at $6,924,000 after purchasing an additional 168,480 shares during the period. Assetmark Inc. boosted its holdings in LG Display by 5.5% in the 2nd quarter. Assetmark Inc. now owns 491,709 shares of the electronics maker’s stock valued at $4,052,000 after purchasing an additional 25,769 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of LG Display by 6.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 486,214 shares of the electronics maker’s stock worth $4,007,000 after acquiring an additional 30,179 shares during the period. 3.12% of the stock is owned by hedge funds and other institutional investors.
About LG Display
LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.
See Also: NASDAQ Stock Market Explained
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for LG Display Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LG Display and related companies with MarketBeat.com's FREE daily email newsletter.