Universal Display (OLED) to Release Earnings on Wednesday

Universal Display (NASDAQ:OLED) will be announcing its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.20 per share for the quarter. Universal Display has set its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Universal Display (NASDAQ:OLED) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Universal Display had a return on equity of 15.25% and a net margin of 35.74%. The firm had revenue of $158.50 million for the quarter, compared to analysts’ expectations of $159.46 million. During the same quarter in the previous year, the company posted $1.04 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. 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 Stock Up 1.0 %

Shares of NASDAQ:OLED opened at $204.16 on Tuesday. Universal Display has a fifty-two week low of $133.67 and a fifty-two week high of $237.00. The firm’s 50-day simple moving average is $201.10 and its 200-day simple moving average is $193.45. The company has a market cap of $9.69 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 2.16 and a beta of 1.42.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Susquehanna increased their target price on Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Oppenheimer raised their target price on Universal Display from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Needham & Company LLC upped their price target on shares of Universal Display from $198.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. TD Cowen raised their price objective on shares of Universal Display from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Universal Display from $208.00 to $243.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $225.88.

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.