$0.72 EPS Expected for Universal Display Co. (NASDAQ:OLED) This Quarter

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Equities research analysts expect that Universal Display Co. (NASDAQ:OLED) will announce earnings of $0.72 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Universal Display’s earnings. The highest EPS estimate is $0.80 and the lowest is $0.59. Universal Display reported earnings per share of $0.40 in the same quarter last year, which suggests a positive year-over-year growth rate of 80%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 20th.

On average, analysts expect that Universal Display will report full year earnings of $3.11 per share for the current year, with EPS estimates ranging from $2.96 to $3.18. For the next year, analysts expect that the business will report earnings of $4.01 per share, with EPS estimates ranging from $3.81 to $4.20. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Universal Display.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.21. The firm had revenue of $97.50 million during the quarter, compared to analyst estimates of $85.88 million. Universal Display had a net margin of 35.10% and a return on equity of 17.81%. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS.

Several equities research analysts have commented on OLED shares. Deutsche Bank set a $230.00 price objective on shares of Universal Display and gave the company a “buy” rating in a research note on Friday, August 16th. ValuEngine lowered shares of Universal Display from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Cowen lowered shares of Universal Display from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $175.00 to $200.00 in a research note on Friday, November 22nd. Susquehanna Bancshares reiterated a “negative” rating on shares of Universal Display in a research note on Thursday, September 12th. Finally, BidaskClub lowered shares of Universal Display from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $196.23.

NASDAQ:OLED traded down $3.50 on Friday, hitting $194.22. The stock had a trading volume of 163,126 shares, compared to its average volume of 409,224. The stock has a market cap of $9.31 billion, a P/E ratio of 156.63, a price-to-earnings-growth ratio of 2.12 and a beta of 1.52. Universal Display has a 1 year low of $78.78 and a 1 year high of $230.32. The firm’s fifty day simple moving average is $188.00 and its two-hundred day simple moving average is $187.20.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend is Thursday, December 12th. Universal Display’s dividend payout ratio is currently 32.26%.

In other news, insider Julia J. Brown sold 24,905 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $199.85, for a total transaction of $4,977,264.25. Following the completion of the transaction, the insider now directly owns 99,455 shares of the company’s stock, valued at approximately $19,876,081.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven V. Abramson sold 31,182 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $222.02, for a total transaction of $6,923,027.64. Following the transaction, the chief executive officer now directly owns 146,493 shares of the company’s stock, valued at $32,524,375.86. The disclosure for this sale can be found here. Insiders have sold a total of 68,872 shares of company stock valued at $13,193,088 over the last three months. Insiders own 3.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC grew its position in shares of Universal Display by 94.0% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 194 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 94 shares during the period. Bank of Montreal Can grew its position in shares of Universal Display by 857.1% during the 2nd quarter. Bank of Montreal Can now owns 56,180 shares of the semiconductor company’s stock valued at $10,565,000 after acquiring an additional 50,310 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Universal Display by 2.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,016 shares of the semiconductor company’s stock valued at $842,000 after acquiring an additional 134 shares during the period. Connecticut Wealth Management LLC bought a new position in shares of Universal Display during the 2nd quarter valued at approximately $470,000. Finally, Calamos Advisors LLC bought a new position in shares of Universal Display during the 2nd quarter valued at approximately $451,000. 66.11% of the stock is owned by hedge funds and other institutional investors.

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 21, 2019, it owned or had exclusive and co-exclusive licenses, or had sole license rights with respect to approximately 5,000 issued and pending patents worldwide.

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