Universal Display (OLED) Expected to Announce Quarterly Earnings on Thursday

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

Universal Display Stock Performance

Universal Display stock opened at $145.02 on Wednesday. The firm’s 50-day moving average is $149.09 and its 200-day moving average is $174.20. 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 $6.88 billion, a P/E ratio of 29.12, a PEG ratio of 1.57 and a beta of 1.39.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Oppenheimer cut their price objective on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 2nd. 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 research report on Monday, February 10th. TD Cowen cut their price objective on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group cut their price objective on shares of Universal Display from $234.00 to $203.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $215.00 price objective on shares of Universal Display in a research report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.