Universal Display (OLED) Expected to Announce Earnings on Thursday

Universal Display (NASDAQ:OLED) is projected to post 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 that wish to listen to the company’s earnings conference call can do so using this link.

Universal Display Stock Performance

Shares of NASDAQ:OLED opened at $142.50 on Tuesday. The company has a market cap of $6.76 billion, a P/E ratio of 28.61, a PEG ratio of 1.57 and a beta of 1.39. Universal Display has a one year low of $140.17 and a one year high of $237.00. The business’s 50-day simple moving average is $149.29 and its 200 day simple moving average is $174.39.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup cut their price objective on shares of Universal Display from $200.00 to $162.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group dropped their price objective on Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. TD Cowen dropped their price target 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. Oppenheimer decreased their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, January 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $215.00 price target on shares of Universal Display in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $199.57.

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.