Universal Display (OLED) Set to Announce Quarterly Earnings on Wednesday

Universal Display (NASDAQ:OLED) is set to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Universal Display to post earnings of $1.20 per share for the quarter. Universal Display has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Universal Display (NASDAQ:OLED) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.04). Universal Display had a return on equity of 15.25% and a net margin of 35.74%. The business had revenue of $158.50 million during the quarter, compared to the consensus estimate of $159.46 million. During the same period last year, the business posted $1.04 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. On average, analysts expect Universal Display to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Universal Display Price Performance

Shares of Universal Display stock opened at $205.27 on Wednesday. The stock’s 50-day moving average is $199.36 and its 200 day moving average is $192.10. Universal Display has a one year low of $133.67 and a one year high of $237.00. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 2.18 and a beta of 1.42.

Universal Display Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Monday, September 16th. Universal Display’s dividend payout ratio (DPR) is presently 34.33%.

Wall Street Analyst Weigh In

OLED has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on shares of Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Roth Mkm upped their price objective on shares of Universal Display from $189.00 to $217.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC boosted their target price on Universal Display from $198.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Susquehanna upped their price target on Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Oppenheimer raised their price objective on Universal Display from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Universal Display currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.88.

Universal Display Company Profile

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.