LG Display (NYSE:LPL) Issues Quarterly Earnings Results

LG Display (NYSE:LPL) released its earnings results on Wednesday. The electronics maker reported ($0.60) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.67), Zacks reports. LG Display had a negative return on equity of 18.04% and a negative net margin of 6.15%.

LG Display Trading Down 0.2 %

Shares of NYSE LPL opened at $3.29 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.43. The firm’s 50-day moving average price is $3.27 and its two-hundred day moving average price is $3.74. LG Display has a 52-week low of $3.05 and a 52-week high of $5.66.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com lowered LG Display from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. downgraded LG Display from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 23rd. Finally, Citigroup cut LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th.

About LG Display

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.