Universal Display (NASDAQ:OLED) Announces Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Universal Display (NASDAQ:OLED) posted its quarterly earnings data on Thursday. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.14, Briefing.com reports. Universal Display had a return on equity of 15.84% and a net margin of 36.00%. The company had revenue of $165.26 million for the quarter, compared to analysts’ expectations of $150.75 million. During the same period in the previous year, the firm posted $0.83 EPS. Universal Display’s revenue was up 26.7% compared to the same quarter last year.

Universal Display Stock Performance

Universal Display stock opened at $170.82 on Friday. Universal Display has a one year low of $131.00 and a one year high of $194.84. The company has a market cap of $8.10 billion, a P/E ratio of 37.13, a price-to-earnings-growth ratio of 1.86 and a beta of 1.44. The business has a fifty day moving average of $163.28 and a two-hundred day moving average of $169.05.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.40 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Universal Display’s dividend payout ratio is currently 34.78%.

Analysts Set New Price Targets

A number of research firms have weighed in on OLED. Needham & Company LLC reissued a “buy” rating and issued a $198.00 target price on shares of Universal Display in a research note on Friday. Oppenheimer reissued an “outperform” rating and issued a $200.00 target price (down previously from $210.00) on shares of Universal Display in a research report on Friday, February 23rd. TD Cowen boosted their target price on Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, Citigroup reissued a “neutral” rating and issued a $180.00 target price (up previously from $161.00) on shares of Universal Display in a research report on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.86.

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 display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand.