LG Display (NYSE:LPL) Posts Quarterly Earnings Results, Misses Estimates By $0.17 EPS

LG Display (NYSE:LPL) announced its earnings results 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 return on equity of 3.26% and a net margin of 0.98%.

LG Display Trading Down 9.7%

Shares of NYSE LPL traded down $0.52 during mid-day trading on Friday, reaching $4.82. 1,748,520 shares of the company’s stock were exchanged, compared to its average volume of 2,009,157. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 25.34 and a beta of 1.53. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.46 and a current ratio of 0.73. LG Display has a 52-week low of $2.97 and a 52-week high of $5.67. The company’s 50-day moving average is $4.30 and its 200-day moving average is $4.35.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LPL. Zacks Research raised LG Display from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Weiss Ratings downgraded LG Display from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen downgraded LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, LG Display has an average rating of “Reduce”.

Hedge Funds Weigh In On LG Display

A number of hedge funds and other institutional investors have recently bought and sold shares of LPL. Ieq Capital LLC increased its position in LG Display by 4.2% during the fourth quarter. Ieq Capital LLC now owns 120,985 shares of the electronics maker’s stock worth $509,000 after buying an additional 4,870 shares during the period. Cerity Partners LLC grew its stake in shares of LG Display by 6.1% in the 2nd quarter. Cerity Partners LLC now owns 136,529 shares of the electronics maker’s stock valued at $467,000 after purchasing an additional 7,867 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake in shares of LG Display by 9.7% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 89,621 shares of the electronics maker’s stock valued at $468,000 after purchasing an additional 7,897 shares during the last quarter. XTX Topco Ltd grew its stake in shares of LG Display by 17.5% in the 4th quarter. XTX Topco Ltd now owns 53,660 shares of the electronics maker’s stock valued at $226,000 after purchasing an additional 7,980 shares during the last quarter. Finally, Mariner LLC grew its stake in shares of LG Display by 4.8% in the 3rd quarter. Mariner LLC now owns 207,397 shares of the electronics maker’s stock valued at $1,083,000 after purchasing an additional 9,417 shares during the last quarter.

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.