LG Display (NYSE:LPL) Issues Quarterly Earnings Results

LG Display (NYSE:LPL) announced its quarterly earnings data on Friday. The electronics maker reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.17), Zacks reports. The firm had revenue of $3.78 billion for the quarter. LG Display had a net margin of 0.98% and a return on equity of 3.26%.

LG Display Stock Down 9.7%

NYSE:LPL traded down $0.52 during trading hours on Friday, reaching $4.82. 1,748,520 shares of the company traded hands, compared to its average volume of 2,009,157. LG Display has a 1 year low of $2.97 and a 1 year high of $5.67. The business’s 50-day moving average price is $4.30 and its two-hundred day moving average price is $4.35. The stock has a market capitalization of $4.82 billion, a P/E ratio of 25.34 and a beta of 1.53. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 1.14.

Institutional Trading of LG Display

Several institutional investors have recently bought and sold shares of LPL. Arrowstreet Capital Limited Partnership purchased a new position in LG Display in the 3rd quarter worth approximately $7,862,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in LG Display by 114.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock worth $10,174,000 after acquiring an additional 1,040,826 shares during the last quarter. Millennium Management LLC raised its holdings in LG Display by 92.1% in the 4th quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock worth $3,268,000 after acquiring an additional 372,199 shares during the last quarter. Corient Private Wealth LLC raised its holdings in LG Display by 125.0% in the 4th quarter. Corient Private Wealth LLC now owns 633,970 shares of the electronics maker’s stock worth $2,667,000 after acquiring an additional 352,248 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in LG Display by 792.0% in the 3rd quarter. Two Sigma Investments LP now owns 175,839 shares of the electronics maker’s stock worth $918,000 after acquiring an additional 156,126 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have commented on LPL. Wall Street Zen lowered LG Display from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research upgraded shares of LG Display from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Finally, Weiss Ratings cut shares of LG Display from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

LG Display Company Profile

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.