LG Display (NYSE:LPL) Announces Earnings Results, Misses Estimates By $0.07 EPS

Key Points

• LG Display reported a quarterly earnings per share (EPS) of $0.62, missing expectations by $0.07.
• Despite the earnings miss, the company achieved a revenue of $4.09 billion, exceeding analyst estimates of $3.85 billion.
• LG Display's stock rose 2.1% during midday trading on Friday, reaching $4.44 per share.

LG Display (NYSE:LPL - Get Free Report) posted its quarterly earnings results on Thursday, August 14th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.07), Zacks reports. The company had revenue of $4.09 billion during the quarter, compared to analysts' expectations of $3.85 billion. LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%.

LG Display Stock Performance

NYSE LPL traded down $0.0150 during mid-day trading on Thursday, reaching $4.1750. 540,221 shares of the stock were exchanged, compared to its average volume of 598,503. The business's 50 day moving average is $3.72 and its 200-day moving average is $3.32. LG Display has a 1 year low of $2.43 and a 1 year high of $4.97. The company has a market capitalization of $4.18 billion, a P/E ratio of -9.94, a P/E/G ratio of 0.25 and a beta of 1.44. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.46 and a current ratio of 0.62.

Institutional Trading of LG Display

A number of hedge funds have recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its holdings in LG Display by 6.1% during the second quarter. Cerity Partners LLC now owns 136,529 shares of the electronics maker's stock valued at $467,000 after purchasing an additional 7,867 shares in the last quarter. Creative Planning purchased a new position in LG Display during the second quarter valued at $39,000. BNP Paribas Financial Markets lifted its holdings in LG Display by 60.5% during the second quarter. BNP Paribas Financial Markets now owns 32,355 shares of the electronics maker's stock valued at $111,000 after purchasing an additional 12,194 shares in the last quarter. Rhumbline Advisers lifted its holdings in LG Display by 3.4% during the second quarter. Rhumbline Advisers now owns 375,539 shares of the electronics maker's stock valued at $1,284,000 after purchasing an additional 12,198 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in LG Display during the second quarter valued at $46,000.

Analyst Ratings Changes

LPL has been the subject of a number of research analyst reports. Bank of America initiated coverage on shares of LG Display in a report on Thursday, April 24th. They issued a "neutral" rating for the company. Morgan Stanley raised shares of LG Display from an "underweight" rating to an "equal weight" rating in a report on Wednesday, June 11th. Wall Street Zen raised shares of LG Display from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, UBS Group cut shares of LG Display from a "neutral" rating to a "sell" rating in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce".

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.