LG Display (NYSE:LPL) Issues Earnings Results

LG Display (NYSE:LPL) released its quarterly earnings results on Friday. The electronics maker reported $0.55 EPS for the quarter, FiscalAI reports. LG Display had a negative net margin of 5.26% and a negative return on equity of 19.82%. The company had revenue of $4.62 billion for the quarter.

LG Display Stock Down 4.1%

LG Display stock opened at $2.60 on Friday. The stock has a market capitalization of $2.60 billion, a PE ratio of -2.86 and a beta of 1.73. LG Display has a 12 month low of $2.56 and a 12 month high of $5.83. The business has a 50 day simple moving average of $2.99 and a 200-day simple moving average of $3.87. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.63 and a quick ratio of 0.37.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LPL shares. Weiss Ratings upgraded shares of LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. Zacks Research upgraded LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC grew its position in shares of LG Display by 112.6% in the second quarter. Sequoia Financial Advisors LLC now owns 504,582 shares of the electronics maker’s stock valued at $1,963,000 after purchasing an additional 267,189 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of LG Display during the second quarter worth about $647,000. First Trust Advisors LP increased its stake in shares of LG Display by 135.3% during the first quarter. First Trust Advisors LP now owns 229,715 shares of the electronics maker’s stock worth $891,000 after purchasing an additional 132,096 shares in the last quarter. Elmwood Wealth Management Inc. purchased a new stake in shares of LG Display during the second quarter worth about $93,000. Finally, Foster Group Inc. acquired a new position in shares of LG Display during the 2nd quarter worth about $82,000.

LG Display Company Profile

LG Display Co, Ltd. is a South Korean manufacturer of display panels and related display technologies. The company develops and produces OLED and LCD panels used in televisions, monitors, notebook computers, tablets, smartphones, automotive displays and other smart devices.

Its product portfolio includes large OLED panels for premium televisions, OLED and LCD panels for information technology products, automotive display solutions and specialized displays for commercial and industrial applications.