Universal Display (NASDAQ:OLED) Posts Earnings Results, Beats Expectations By $0.10 EPS

Key Points

• Universal Display exceeded earnings expectations, reporting quarterly EPS of $1.23 versus the $1.13 consensus estimate. Revenue totaled $160.43 million, slightly below expectations of $162.72 million.
• Shares traded around $90.41, with the company valued at approximately $4.16 billion and posting a 32.24% net margin.
• Analyst sentiment remains mixed but leans neutral: the stock has a consensus “Hold” rating and a $114 average price target, while several firms recently lowered ratings or price objectives.

Universal Display (NASDAQ:OLED - Get Free Report) posted its earnings results on Wednesday. The semiconductor company reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.10, FiscalAI reports. The firm had revenue of $160.43 million during the quarter, compared to the consensus estimate of $162.72 million. Universal Display had a net margin of 32.24% and a return on equity of 11.35%.

Universal Display Stock Performance

Shares of NASDAQ OLED traded up $0.05 during mid-day trading on Wednesday, reaching $90.41. The company had a trading volume of 1,067,352 shares, compared to its average volume of 795,902. The stock has a fifty day moving average of $80.71 and a two-hundred day moving average of $92.79. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 21.89 and a beta of 1.53. Universal Display has a 12-month low of $70.77 and a 12-month high of $152.24.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Susquehanna lowered their price objective on Universal Display from $110.00 to $90.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Oppenheimer reaffirmed an "outperform" rating and issued a $120.00 price objective (down from $130.00) on shares of Universal Display in a research note on Friday, July 31st. Weiss Ratings restated a "sell (d+)" rating on shares of Universal Display in a research report on Monday. Zacks Research upgraded Universal Display from a "strong sell" rating to a "hold" rating in a report on Thursday, August 13th. Finally, BTIG Research lowered Universal Display to a "neutral" rating in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $114.00.

About Universal Display

Universal Display Corporation NASDAQ: OLED develops and commercializes technologies and materials used in organic light-emitting diode (OLED) displays and lighting. The company's portfolio includes phosphorescent OLED (PHOLED) materials, which are designed to improve display efficiency, along with OLED research, development and manufacturing technologies.

Universal Display supplies OLED emitter materials and related products to display manufacturers and licenses its intellectual property and technology.

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