Universal Display Co. Expected to Earn FY2024 Earnings of $4.75 Per Share (NASDAQ:OLED)

Universal Display Co. (NASDAQ:OLED) – Analysts at Zacks Research raised their FY2024 EPS estimates for Universal Display in a research report issued to clients and investors on Monday, September 16th. Zacks Research analyst R. Department now anticipates that the semiconductor company will post earnings of $4.75 per share for the year, up from their previous forecast of $4.74. The consensus estimate for Universal Display’s current full-year earnings is $4.81 per share. Zacks Research also issued estimates for Universal Display’s Q4 2024 earnings at $1.28 EPS, Q2 2025 earnings at $1.16 EPS, Q3 2025 earnings at $1.45 EPS, Q4 2025 earnings at $1.52 EPS, FY2025 earnings at $5.24 EPS, Q1 2026 earnings at $1.41 EPS, Q2 2026 earnings at $1.63 EPS and FY2026 earnings at $6.50 EPS.

Universal Display (NASDAQ:OLED) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.04). Universal Display had a net margin of 35.74% and a return on equity of 15.25%. The company had revenue of $158.50 million during the quarter, compared to the consensus estimate of $159.46 million. During the same period in the prior year, the company earned $1.04 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the company. Susquehanna lifted their target price on Universal Display from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. The Goldman Sachs Group boosted their price objective on shares of Universal Display from $208.00 to $243.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Oppenheimer raised their target price on shares of Universal Display from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. TD Cowen boosted their price target on Universal Display from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Roth Mkm raised their price objective on Universal Display from $189.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $225.88.

Universal Display Trading Down 0.1 %

Shares of NASDAQ OLED opened at $204.39 on Thursday. The business’s 50 day moving average is $199.45 and its 200-day moving average is $185.03. The firm has a market cap of $9.70 billion, a P/E ratio of 44.43, a price-to-earnings-growth ratio of 2.17 and a beta of 1.41. Universal Display has a 1-year low of $133.67 and a 1-year high of $237.00.

Institutional Trading of Universal Display

Institutional investors have recently bought and sold shares of the company. ORG Partners LLC acquired a new position in shares of Universal Display in the 1st quarter valued at about $27,000. Principal Securities Inc. bought a new position in Universal Display during the fourth quarter worth $34,000. University of Texas Texas AM Investment Managment Co. bought a new stake in shares of Universal Display during the fourth quarter valued at approximately $35,000. Cape Investment Advisory Inc. raised its position in shares of Universal Display by 1,977.8% during the fourth quarter. Cape Investment Advisory Inc. now owns 187 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 178 shares during the period. Finally, Tsfg LLC bought a new position in shares of Universal Display in the 1st quarter worth $34,000. Institutional investors own 78.19% of the company’s stock.

Universal Display Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.60 annualized dividend and a yield of 0.78%. Universal Display’s payout ratio is 34.78%.

Universal Display Company Profile

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.