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

Universal Display Co. (NASDAQ:OLED) – Equities research analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for Universal Display in a note issued to investors on Tuesday, December 17th. Zacks Research analyst R. Department now anticipates that the semiconductor company will post earnings per share of $4.78 for the year, down from their previous forecast of $4.79. 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 2025 earnings at $1.35 EPS.

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

Other equities research analysts also recently issued reports about the stock. Oppenheimer lowered their target price on shares of Universal Display from $240.00 to $220.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC lowered their price objective on shares of Universal Display from $242.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, TD Cowen cut their target price on shares of Universal Display from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $210.71.

Universal Display Price Performance

OLED stock opened at $149.53 on Friday. Universal Display has a 1 year low of $148.09 and a 1 year high of $237.00. The stock has a market capitalization of $7.10 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. The company’s 50-day moving average is $175.72 and its 200-day moving average is $193.27.

Universal Display Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Tuesday, December 17th. Universal Display’s payout ratio is presently 32.13%.

Insiders Place Their Bets

In related news, Director Lawrence Lacerte purchased 742 shares of Universal Display stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of $180.89 per share, for a total transaction of $134,220.38. Following the transaction, the director now directly owns 122,372 shares in the company, valued at $22,135,871.08. The trade was a 0.61 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Universal Display

A number of institutional investors have recently made changes to their positions in the stock. Assetmark Inc. bought a new stake in Universal Display during the 3rd quarter valued at $29,000. Brooklyn Investment Group purchased a new position in shares of Universal Display in the third quarter valued at about $30,000. V Square Quantitative Management LLC bought a new position in shares of Universal Display during the third quarter valued at about $31,000. True Wealth Design LLC purchased a new stake in shares of Universal Display during the third quarter worth about $36,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of Universal Display by 60.2% in the third quarter. Nisa Investment Advisors LLC now owns 173 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 78.19% of the company’s stock.

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.