Universal Display (OLED) Projected to Post Quarterly Earnings on Thursday

Universal Display (NASDAQ:OLED - Get Free Report) is expected to announce its earnings results after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $1.08 per share and revenue of $152.75 million for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Universal Display Stock Down 0.8 %

NASDAQ OLED traded down $1.21 on Friday, reaching $142.50. The company had a trading volume of 762,542 shares, compared to its average volume of 730,779. The stock has a market capitalization of $6.76 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39. The firm's 50 day moving average price is $149.60 and its 200 day moving average price is $174.89. Universal Display has a 12 month low of $140.17 and a 12 month high of $237.00.

Wall Street Analyst Weigh In

OLED has been the topic of a number of research reports. Oppenheimer reduced their target price on shares of Universal Display from $220.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, January 2nd. TD Cowen reduced their target price 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. The Goldman Sachs Group reduced their target price on shares of Universal Display from $234.00 to $203.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Citigroup dropped their price target on shares of Universal Display from $200.00 to $162.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $215.00 price target on shares of Universal Display in a research note on Thursday, January 16th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Universal Display has an average rating of "Moderate Buy" and a consensus price target of $199.57.

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.