LG Display (NYSE:LPL) Announces Quarterly Earnings Results

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

LG Display Stock Performance

Shares of LG Display stock opened at $3.21 on Friday. The firm has a fifty day moving average price of $3.27 and a 200 day moving average price of $3.74. LG Display has a 1 year low of $3.05 and a 1 year high of $5.66. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.43.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com downgraded LG Display from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered LG Display from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 23rd. Finally, Citigroup downgraded LG Display from a “buy” rating to a “sell” rating in a report on Thursday, October 24th.

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.