Universal Display (OLED) to Release Earnings on Thursday

Universal Display (NASDAQ:OLED) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $1.08 per share and revenue of $152.75 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Universal Display Trading Up 0.3 %

Shares of OLED stock opened at $142.45 on Thursday. The firm has a 50-day moving average price of $150.17 and a 200 day moving average price of $176.32. Universal Display has a twelve month low of $140.17 and a twelve month high of $237.00. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 1.57 and a beta of 1.39.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $215.00 target price on shares of Universal Display in a research note on Thursday, January 16th. Citigroup cut their target price on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating for the company in a research note on Monday. The Goldman Sachs Group cut their target price on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Oppenheimer cut their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, January 2nd. Finally, TD Cowen dropped their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.57.

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.