LG Display (NYSE:LPL) Releases Earnings Results, Misses Estimates By $0.67 EPS

LG Display (NYSE:LPL) issued its quarterly earnings data on Wednesday. The electronics maker reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.67), Zacks reports. LG Display had a negative return on equity of 28.01% and a negative net margin of 9.42%.

LG Display Trading Down 2.3 %

Shares of LPL opened at $3.21 on Friday. LG Display has a 12 month low of $3.05 and a 12 month high of $5.66. The stock has a fifty day moving average price of $3.27 and a 200-day moving average price of $3.74. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 1.03.

Analysts Set New Price Targets

Several research analysts have recently commented on LPL shares. Citigroup lowered LG Display from a “buy” rating to a “sell” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. downgraded shares of LG Display from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 23rd. Finally, StockNews.com cut shares of LG Display from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.