LG Display (NYSE:LPL) Releases Earnings Results, Misses Expectations By $0.17 EPS

LG Display (NYSE:LPL) announced its quarterly earnings data on Friday. The electronics maker reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.17), Zacks reports. LG Display had a net margin of 0.98% and a return on equity of 3.26%. The firm had revenue of $3.78 billion during the quarter.

LG Display Price Performance

Shares of NYSE LPL traded down $0.52 during mid-day trading on Friday, reaching $4.82. The company had a trading volume of 1,748,520 shares, compared to its average volume of 2,009,157. The company has a 50-day moving average price of $4.30 and a two-hundred day moving average price of $4.35. The stock has a market cap of $4.82 billion, a PE ratio of -240.75 and a beta of 1.53. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 1.14. LG Display has a 1-year low of $2.97 and a 1-year high of $5.67.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LPL. Zacks Research upgraded shares of LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Wall Street Zen cut shares of LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings downgraded shares of LG Display from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, LG Display presently has an average rating of “Reduce”.

Hedge Funds Weigh In On LG Display

Institutional investors have recently bought and sold shares of the stock. Creative Planning purchased a new stake in LG Display during the second quarter valued at about $39,000. Ausdal Financial Partners Inc. purchased a new position in shares of LG Display in the fourth quarter worth approximately $43,000. XTX Topco Ltd acquired a new stake in shares of LG Display during the second quarter valued at approximately $46,000. Sei Investments Co. acquired a new stake in shares of LG Display during the second quarter valued at approximately $52,000. Finally, Cetera Investment Advisers purchased a new stake in shares of LG Display in the 4th quarter valued at approximately $52,000.

LG Display Company Profile

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.