What is Zacks Research’s Estimate for OLED FY2024 Earnings?

Universal Display Co. (NASDAQ:OLED) – Investment analysts at Zacks Research reduced their FY2024 earnings estimates for shares of Universal Display in a note issued to investors on Monday, January 13th. Zacks Research analyst R. Department now expects that the semiconductor company will post earnings per share of $4.76 for the year, down from their previous forecast of $4.78. The consensus estimate for Universal Display’s current full-year earnings is $4.80 per share. Zacks Research also issued estimates for Universal Display’s Q4 2024 earnings at $1.07 EPS, Q1 2025 earnings at $0.99 EPS, Q2 2025 earnings at $1.00 EPS, FY2025 earnings at $4.53 EPS, Q2 2026 earnings at $1.37 EPS, Q3 2026 earnings at $1.35 EPS and FY2026 earnings at $5.53 EPS.

Universal Display (NASDAQ:OLED) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.21. Universal Display had a return on equity of 15.75% and a net margin of 36.98%. The business had revenue of $161.63 million during the quarter, compared to analyst estimates of $165.28 million. During the same quarter in the prior year, the business posted $1.08 EPS. Universal Display’s revenue for the quarter was up 14.6% compared to the same quarter last year.

A number of other equities research analysts have also issued reports on the stock. Needham & Company LLC cut their price objective on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Oppenheimer dropped their target price on shares of Universal Display from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, January 2nd. Finally, TD Cowen reduced their price target on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Universal Display presently has an average rating of “Moderate Buy” and a consensus target price of $207.86.

Universal Display Trading Up 0.7 %

NASDAQ:OLED opened at $145.96 on Wednesday. The stock has a 50-day moving average price of $159.93 and a 200 day moving average price of $187.68. Universal Display has a 12-month low of $143.25 and a 12-month high of $237.00. The stock has a market capitalization of $6.93 billion, a P/E ratio of 29.31, a P/E/G ratio of 1.74 and a beta of 1.40.

Institutional Investors Weigh In On Universal Display

Large investors have recently added to or reduced their stakes in the stock. Choreo LLC bought a new position in shares of Universal Display during the 2nd quarter valued at approximately $291,000. American Century Companies Inc. boosted its stake in Universal Display by 3.9% during the second quarter. American Century Companies Inc. now owns 11,365 shares of the semiconductor company’s stock worth $2,389,000 after buying an additional 426 shares during the period. Dimensional Fund Advisors LP increased its position in Universal Display by 27.3% during the second quarter. Dimensional Fund Advisors LP now owns 469,570 shares of the semiconductor company’s stock valued at $98,725,000 after acquiring an additional 100,809 shares during the last quarter. Renaissance Technologies LLC increased its position in Universal Display by 55.3% during the second quarter. Renaissance Technologies LLC now owns 40,439 shares of the semiconductor company’s stock valued at $8,502,000 after acquiring an additional 14,400 shares during the last quarter. Finally, Primecap Management Co. CA raised its stake in shares of Universal Display by 0.4% in the second quarter. Primecap Management Co. CA now owns 1,895,017 shares of the semiconductor company’s stock valued at $398,427,000 after acquiring an additional 7,435 shares during the period. 78.19% of the stock is owned by institutional investors.

Insider Transactions at Universal Display

In other Universal Display news, Director Lawrence Lacerte purchased 742 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average price of $180.89 per share, with a total value of $134,220.38. Following the acquisition, the director now owns 122,372 shares in the company, valued at approximately $22,135,871.08. The trade was a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.90% of the company’s stock.

Universal Display Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a $0.40 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. Universal Display’s payout ratio is currently 32.13%.

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.