LG Display (NYSE:LPL) Announces Earnings Results

LG Display (NYSE:LPL) posted its quarterly earnings results on Friday. The electronics maker reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%.

LG Display Stock Down 9.7%

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

Institutional Investors Weigh In On LG Display

Several hedge funds and other institutional investors have recently made changes to their positions in LPL. Jane Street Group LLC raised its position in shares of LG Display by 52.9% during the 1st quarter. Jane Street Group LLC now owns 58,648 shares of the electronics maker’s stock worth $182,000 after acquiring an additional 20,285 shares in the last quarter. Creative Planning acquired a new stake in shares of LG Display during the 2nd quarter worth about $39,000. Rhumbline Advisers raised its position in shares of LG Display by 3.4% during the 2nd quarter. Rhumbline Advisers now owns 375,539 shares of the electronics maker’s stock worth $1,284,000 after acquiring an additional 12,198 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of LG Display during the 2nd quarter worth about $46,000. Finally, CW Advisors LLC acquired a new stake in shares of LG Display during the 2nd quarter worth about $56,000.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LPL shares. Wall Street Zen lowered LG Display from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings lowered LG Display from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Finally, Zacks Research raised LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

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.