Zacks: Brokerages Expect LG Display Co Ltd. (LPL) to Announce -$0.08 EPS

Equities research analysts expect LG Display Co Ltd. (NYSE:LPL) to announce earnings of ($0.08) per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for LG Display’s earnings, with estimates ranging from ($0.17) to $0.01. LG Display posted earnings per share of $0.87 in the same quarter last year, which suggests a negative year over year growth rate of 109.2%. The company is scheduled to announce its next quarterly earnings report on Monday, August 13th.

On average, analysts expect that LG Display will report full year earnings of ($0.58) per share for the current year. For the next year, analysts anticipate that the company will post earnings of $0.50 per share. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for LG Display.

LG Display (NYSE:LPL) last announced its quarterly earnings data on Tuesday, May 15th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.18). LG Display had a net margin of 4.31% and a return on equity of 7.69%. The company had revenue of $5.28 billion for the quarter.



Several research analysts have weighed in on LPL shares. TheStreet downgraded LG Display from a “b-” rating to a “c+” rating in a research note on Tuesday, May 29th. Bank of America lowered LG Display to an “underperform” rating in a report on Wednesday, April 25th. ValuEngine downgraded shares of LG Display from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 22nd. Morgan Stanley cut shares of LG Display from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 18th. Finally, HSBC upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. LG Display has a consensus rating of “Hold” and a consensus price target of $15.00.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. LMR Partners LLP grew its holdings in LG Display by 131.2% during the 2nd quarter. LMR Partners LLP now owns 2,268,673 shares of the electronics maker’s stock worth $18,623,000 after acquiring an additional 1,287,377 shares during the last quarter. Aperio Group LLC grew its holdings in LG Display by 6.6% during the 1st quarter. Aperio Group LLC now owns 894,270 shares of the electronics maker’s stock worth $10,821,000 after acquiring an additional 55,207 shares during the last quarter. NINE MASTS CAPITAL Ltd grew its holdings in LG Display by 42.6% during the 1st quarter. NINE MASTS CAPITAL Ltd now owns 564,306 shares of the electronics maker’s stock worth $6,924,000 after acquiring an additional 168,480 shares during the last quarter. Assetmark Inc. grew its holdings in LG Display by 5.5% during the 2nd quarter. Assetmark Inc. now owns 491,709 shares of the electronics maker’s stock worth $4,052,000 after acquiring an additional 25,769 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in LG Display by 6.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 486,214 shares of the electronics maker’s stock worth $4,007,000 after acquiring an additional 30,179 shares during the last quarter. 3.12% of the stock is currently owned by hedge funds and other institutional investors.

LG Display traded down $0.02, hitting $9.72, during midday trading on Friday, Marketbeat.com reports. The company’s stock had a trading volume of 466,435 shares, compared to its average volume of 865,994. LG Display has a 12 month low of $7.77 and a 12 month high of $15.88. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.04 and a quick ratio of 0.79. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 4.05 and a beta of 0.75.

LG Display Company Profile

LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.

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