Equities analysts expect Universal Display Corporation (NASDAQ:OLED) to post $0.82 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Universal Display’s earnings, with estimates ranging from $0.76 to $0.86. Universal Display posted earnings per share of $0.55 during the same quarter last year, which suggests a positive year-over-year growth rate of 49.1%. The company is expected to announce its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Universal Display will report full year earnings of $2.33 per share for the current financial year, with EPS estimates ranging from $2.28 to $2.37. For the next year, analysts forecast that the company will report earnings of $3.00 per share, with EPS estimates ranging from $2.70 to $3.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Universal Display.

Universal Display (NASDAQ:OLED) last posted its earnings results on Thursday, November 2nd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.19. Universal Display had a return on equity of 16.67% and a net margin of 32.92%. The business had revenue of $61.70 million during the quarter, compared to analysts’ expectations of $47.35 million. During the same period in the prior year, the business earned ($0.03) EPS. Universal Display’s revenue for the quarter was up 104.3% compared to the same quarter last year.

OLED has been the subject of a number of recent research reports. Susquehanna Bancshares reaffirmed a “positive” rating and set a $150.00 price target (up previously from $120.00) on shares of Universal Display in a research report on Wednesday, August 9th. Goldman Sachs Group reaffirmed a “buy” rating and set a $150.00 price target (up previously from $140.00) on shares of Universal Display in a research report on Wednesday, August 9th. BidaskClub raised Universal Display from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Universal Display in a research report on Friday, November 3rd. Finally, Deutsche Bank upped their price target on Universal Display to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $151.30.

Universal Display (OLED) traded down $9.15 during midday trading on Friday, reaching $167.55. The company had a trading volume of 1,543,500 shares, compared to its average volume of 832,094. Universal Display has a twelve month low of $54.20 and a twelve month high of $192.75. The company has a market cap of $7,910.00, a PE ratio of 86.62 and a beta of 1.06.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.07%. The ex-dividend date is Thursday, December 14th. Universal Display’s payout ratio is presently 5.74%.

In other Universal Display news, CFO Sidney D. Rosenblatt sold 50,240 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $135.02, for a total transaction of $6,783,404.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven V. Abramson sold 18,744 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $158.40, for a total value of $2,969,049.60. The disclosure for this sale can be found here. In the last three months, insiders sold 196,974 shares of company stock valued at $30,133,174. 5.20% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP bought a new position in Universal Display during the 3rd quarter worth $2,261,000. Belpointe Asset Management LLC bought a new position in Universal Display during the 3rd quarter worth $408,000. Cetera Advisors LLC bought a new position in Universal Display during the 3rd quarter worth $229,000. Neuberger Berman Group LLC increased its position in Universal Display by 17.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 714,223 shares of the semiconductor company’s stock worth $92,028,000 after buying an additional 107,751 shares during the period. Finally, Griffin Asset Management Inc. increased its position in Universal Display by 725.2% during the 3rd quarter. Griffin Asset Management Inc. now owns 41,262 shares of the semiconductor company’s stock worth $5,317,000 after buying an additional 36,262 shares during the period. 65.03% of the stock is owned by institutional investors and hedge funds.

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About Universal Display

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.

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Earnings History and Estimates for Universal Display (NASDAQ:OLED)

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