Universal Display (OLED) Scheduled to Post Earnings on Thursday

Universal Display (NASDAQ:OLED) will be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Universal Display to post earnings of $1.05 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 posted its quarterly earnings results on Thursday, February 22nd. The semiconductor company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.18 by $0.11. Universal Display had a return on equity of 14.85% and a net margin of 35.22%. The company had revenue of $158.32 million during the quarter, compared to analysts’ expectations of $161.08 million. During the same quarter in the previous year, the business earned $1.36 EPS. The firm’s revenue was down 6.3% 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 Stock Performance

Universal Display stock opened at $162.02 on Tuesday. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 38.21, a PEG ratio of 1.72 and a beta of 1.45. Universal Display has a 1 year low of $125.98 and a 1 year high of $194.84. The firm has a 50 day moving average price of $165.10 and a 200 day moving average price of $169.17.

Universal Display Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from Universal Display’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, March 14th. Universal Display’s dividend payout ratio is presently 37.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OLED shares. Needham & Company LLC restated a “buy” rating and set a $198.00 price target on shares of Universal Display in a research note on Tuesday, March 26th. Oppenheimer reiterated an “outperform” rating and set a $200.00 price objective (down from $210.00) on shares of Universal Display in a research note on Friday, February 23rd. TD Cowen raised their target price on shares of Universal Display from $165.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, Citigroup reiterated a “neutral” rating and issued a $180.00 price target (up from $161.00) on shares of Universal Display in a report on Friday, January 19th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.86.

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.