Zacks: Brokerages Expect LG Display Co Ltd. (LPL) to Announce $0.30 EPS

Wall Street brokerages expect that LG Display Co Ltd. (NYSE:LPL) will post $0.30 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for LG Display’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.36. LG Display posted earnings of $1.04 per share in the same quarter last year, which would suggest a negative year over year growth rate of 71.2%. The business is scheduled to issue its next quarterly earnings report on Friday, April 27th.

According to Zacks, analysts expect that LG Display will report full year earnings of $2.57 per share for the current fiscal year, with EPS estimates ranging from $2.43 to $2.71. For the next financial year, analysts forecast that the business will report earnings of $1.49 per share, with EPS estimates ranging from $1.45 to $1.52. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover LG Display.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of LG Display from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Cowen set a $16.00 target price on shares of LG Display and gave the company a “buy” rating in a research note on Monday, October 23rd. Finally, Nomura reaffirmed a “neutral” rating on shares of LG Display in a research note on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. LG Display currently has a consensus rating of “Hold” and a consensus price target of $16.50.

LG Display (LPL) opened at $13.76 on Tuesday. LG Display has a one year low of $11.91 and a one year high of $17.05. The stock has a market cap of $9,970.00, a PE ratio of 4.14, a P/E/G ratio of 0.36 and a beta of 0.47. The company has a quick ratio of 1.07, a current ratio of 1.40 and a debt-to-equity ratio of 0.27.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Verition Fund Management LLC bought a new position in shares of LG Display during the second quarter valued at approximately $341,000. Nationwide Fund Advisors increased its stake in shares of LG Display by 1.7% during the second quarter. Nationwide Fund Advisors now owns 52,400 shares of the electronics maker’s stock valued at $842,000 after purchasing an additional 900 shares in the last quarter. Airain ltd bought a new position in shares of LG Display during the second quarter valued at approximately $1,085,000. Bank of New York Mellon Corp increased its stake in shares of LG Display by 70.5% during the second quarter. Bank of New York Mellon Corp now owns 23,812 shares of the electronics maker’s stock valued at $382,000 after purchasing an additional 9,848 shares in the last quarter. Finally, USA Financial Portformulas Corp bought a new position in shares of LG Display during the second quarter valued at approximately $773,000. 4.04% of the stock is owned by institutional investors and hedge funds.

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About LG Display

LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.

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