LG Display (NYSE:LPL) Posts Earnings Results, Misses Expectations By $0.41 EPS

LG Display (NYSE:LPL) issued its quarterly earnings data on Wednesday. The electronics maker reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.41), Zacks reports. LG Display had a net margin of 0.98% and a return on equity of 3.29%. The company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5 billion.

LG Display Stock Performance

LPL stock traded down $0.07 during midday trading on Friday, reaching $3.97. The stock had a trading volume of 154,493 shares, compared to its average volume of 695,178. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.37 and a current ratio of 0.62. The firm has a fifty day simple moving average of $4.28 and a two-hundred day simple moving average of $4.44. The stock has a market cap of $3.97 billion, a PE ratio of 20.92, a P/E/G ratio of 0.55 and a beta of 1.50. LG Display has a 52-week low of $2.43 and a 52-week high of $5.67.

Institutional Investors Weigh In On LG Display

A number of large investors have recently bought and sold shares of the company. Sei Investments Co. lifted its position in LG Display by 88.6% during the third quarter. Sei Investments Co. now owns 28,510 shares of the electronics maker’s stock valued at $149,000 after purchasing an additional 13,392 shares during the period. Jain Global LLC lifted its holdings in shares of LG Display by 134.2% in the 3rd quarter. Jain Global LLC now owns 24,954 shares of the electronics maker’s stock valued at $130,000 after buying an additional 14,300 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of LG Display in the third quarter worth about $124,000. BNP Paribas Financial Markets grew its holdings in LG Display by 60.5% during the second quarter. BNP Paribas Financial Markets now owns 32,355 shares of the electronics maker’s stock worth $111,000 after acquiring an additional 12,194 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC purchased a new position in LG Display during the third quarter valued at approximately $96,000.

Analyst Upgrades and Downgrades

LPL has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of LG Display from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

About LG Display

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.