LG Display (NYSE:LPL) Announces Quarterly Earnings Results

LG Display (NYSE:LPL) announced its quarterly earnings data on Wednesday. The electronics maker reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.67), Zacks reports. LG Display had a negative net margin of 6.15% and a negative return on equity of 18.04%.

LG Display Price Performance

Shares of LG Display stock traded down $0.03 on Wednesday, hitting $3.27. The company’s stock had a trading volume of 5,652 shares, compared to its average volume of 221,406. LG Display has a 52-week low of $3.05 and a 52-week high of $5.66. The company has a market capitalization of $3.27 billion, a P/E ratio of -1.87 and a beta of 1.33. The firm has a fifty day moving average price of $3.28 and a 200-day moving average price of $3.76. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 1.03.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LPL shares. Citigroup cut shares of LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lowered shares of LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com lowered shares of LG Display from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th.

About LG Display

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.