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

Universal Display (NASDAQ:OLED) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.84 per share for the quarter.

Shares of Universal Display (NASDAQ OLED) opened at $159.15 on Thursday. Universal Display has a 52 week low of $66.65 and a 52 week high of $209.00. The company has a market cap of $7,490.00, a PE ratio of 76.15 and a beta of 0.90.

OLED has been the topic of several research reports. BidaskClub lowered shares of Universal Display from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Zacks Investment Research lowered shares of Universal Display from a “buy” rating to a “hold” rating in a research note on Saturday, January 27th. Gabelli lowered shares of Universal Display from a “buy” rating to a “hold” rating and set a $134.00 price objective on the stock. in a research note on Friday, November 3rd. Deutsche Bank reiterated a “buy” rating and issued a $190.00 target price on shares of Universal Display in a research note on Thursday, January 25th. Finally, Cross Research downgraded shares of Universal Display from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Universal Display has an average rating of “Hold” and a consensus price target of $164.80.

In other Universal Display news, Chairman Sherwin I. Seligsohn sold 50,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $200.00, for a total transaction of $10,000,000.00. Following the transaction, the chairman now owns 143,119 shares of the company’s stock, valued at approximately $28,623,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.20% of the company’s stock.

WARNING: “Universal Display (OLED) Set to Announce Quarterly Earnings on Thursday” was reported by Markets Daily and is owned by of Markets Daily. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.themarketsdaily.com/2018/02/15/universal-display-oled-set-to-announce-quarterly-earnings-on-thursday.html.

About Universal Display

Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in display and solid-state lighting applications. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities, and it also provides technical assistance and support to these manufacturers.

Earnings History for Universal Display (NASDAQ:OLED)

Receive News & Ratings for Universal Display Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Display and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply