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

LG Display (NYSE:LPL) released its earnings results on Wednesday. The electronics maker reported ($0.60) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.67), Zacks reports. LG Display had a negative net margin of 6.15% and a negative return on equity of 18.04%.

LG Display Trading Down 1.2 %

LPL opened at $3.26 on Wednesday. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of -1.87 and a beta of 1.33. The stock’s 50 day moving average price is $3.28 and its 200-day moving average price is $3.76. LG Display has a one year low of $3.05 and a one year high of $5.66. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.43 and a current ratio of 0.65.

Analyst Ratings Changes

LPL has been the topic of several research analyst reports. StockNews.com downgraded LG Display from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. downgraded LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Citigroup downgraded LG Display from a “buy” rating to a “sell” rating in a research report on Thursday, October 24th.

About LG Display

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.