Universal Display (OLED) Expected to Announce Quarterly Earnings on Thursday

Universal Display (NASDAQ:OLED) will likely be announcing its earnings results after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $1.08 per share and revenue of $152.75 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Universal Display Price Performance

Universal Display stock opened at $145.02 on Wednesday. The firm’s 50 day simple moving average is $149.09 and its 200-day simple moving average is $174.20. The company has a market cap of $6.88 billion, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39. Universal Display has a fifty-two week low of $140.17 and a fifty-two week high of $237.00.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on OLED shares. Oppenheimer dropped their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. Needham & Company LLC restated a “buy” rating and set a $215.00 price target on shares of Universal Display in a report on Thursday, January 16th. The Goldman Sachs Group decreased their price target on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a report on Thursday, February 6th. TD Cowen decreased their price target on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Citigroup decreased their price target on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Universal Display currently has a consensus rating of “Moderate Buy” and an average price target of $199.57.

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 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.