Universal Display (OLED) to Release Earnings on Thursday

Universal Display (NASDAQ:OLED) will likely be posting its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect Universal Display to post earnings of $1.08 per share and revenue of $152.75 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Universal Display Price Performance

Shares of NASDAQ OLED opened at $142.45 on Thursday. The stock has a fifty day moving average price of $150.17 and a 200 day moving average price of $176.32. Universal Display has a 1-year low of $140.17 and a 1-year high of $237.00. The company has a market cap of $6.76 billion, a PE ratio of 28.60, a P/E/G ratio of 1.57 and a beta of 1.39.

Wall Street Analyst Weigh In

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