Universal Display (OLED) Scheduled to Post Quarterly Earnings on Thursday

Universal Display (NASDAQ:OLED) is scheduled to issue its quarterly earnings data after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of $1.14 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Universal Display (NASDAQ:OLED) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. Universal Display had a return on equity of 15.57% and a net margin of 36.00%. The business had revenue of $165.26 million during the quarter, compared to analyst estimates of $150.75 million. During the same period in the previous year, the company posted $0.83 EPS. The firm’s revenue was up 26.7% compared to the same quarter last year. On average, analysts expect Universal Display to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Universal Display Price Performance

Shares of Universal Display stock opened at $215.78 on Wednesday. The business has a 50-day simple moving average of $205.64 and a 200 day simple moving average of $182.36. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 2.46 and a beta of 1.42. Universal Display has a one year low of $133.67 and a one year high of $237.00.

Insider Buying and Selling

In other Universal Display news, EVP Julia J. Brown sold 10,358 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,812,650.00. Following the completion of the transaction, the executive vice president now owns 56,624 shares of the company’s stock, valued at approximately $9,909,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Mauro Premutico sold 8,202 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $176.82, for a total value of $1,450,277.64. Following the completion of the transaction, the senior vice president now owns 28,743 shares of the company’s stock, valued at approximately $5,082,337.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Julia J. Brown sold 10,358 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,812,650.00. Following the completion of the transaction, the executive vice president now directly owns 56,624 shares of the company’s stock, valued at approximately $9,909,200. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group upped their target price on Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Oppenheimer upped their price target on shares of Universal Display from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Finally, Needham & Company LLC upped their price target on shares of Universal Display from $198.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Universal Display presently has an average rating of “Moderate Buy” and an average price target of $221.57.

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.