Zacks Research Analysts Raise Earnings Estimates for Ubiquiti Inc. (NYSE:UI)

Ubiquiti Inc. (NYSE:UI) – Zacks Research boosted their FY2027 earnings per share estimates for Ubiquiti in a research report issued on Wednesday, October 9th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $8.20 for the year, up from their prior estimate of $8.19. The consensus estimate for Ubiquiti’s current full-year earnings is $7.09 per share.

UI has been the topic of several other research reports. StockNews.com cut Ubiquiti from a “buy” rating to a “hold” rating in a research report on Tuesday, September 3rd. BWS Financial lifted their target price on Ubiquiti from $160.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, Barclays cut their target price on Ubiquiti from $108.00 to $104.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 27th.

Ubiquiti Stock Down 0.3 %

Shares of NYSE:UI opened at $240.68 on Monday. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of 41.57 and a beta of 1.16. The company has a quick ratio of 1.59, a current ratio of 3.22 and a debt-to-equity ratio of 7.05. Ubiquiti has a 12-month low of $103.00 and a 12-month high of $245.39. The business’s 50 day moving average is $202.64 and its 200 day moving average is $161.63.

Ubiquiti (NYSE:UI) last announced its quarterly earnings data on Friday, August 23rd. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.17). Ubiquiti had a net margin of 18.15% and a return on equity of 3,321.33%. The firm had revenue of $507.50 million during the quarter, compared to analyst estimates of $538.23 million. Ubiquiti’s revenue was up 3.3% compared to the same quarter last year.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.00%. Ubiquiti’s dividend payout ratio (DPR) is currently 41.45%.

Institutional Trading of Ubiquiti

A number of hedge funds have recently bought and sold shares of the business. Millennium Management LLC raised its stake in shares of Ubiquiti by 86.2% in the second quarter. Millennium Management LLC now owns 58,349 shares of the company’s stock valued at $8,499,000 after buying an additional 27,011 shares during the period. SW Investment Management LLC raised its stake in shares of Ubiquiti by 9.1% in the second quarter. SW Investment Management LLC now owns 300,000 shares of the company’s stock valued at $43,698,000 after buying an additional 25,000 shares during the period. Vanguard Group Inc. raised its stake in shares of Ubiquiti by 24.1% in the first quarter. Vanguard Group Inc. now owns 97,817 shares of the company’s stock valued at $11,332,000 after buying an additional 18,986 shares during the period. Capstone Investment Advisors LLC raised its stake in shares of Ubiquiti by 188.1% in the first quarter. Capstone Investment Advisors LLC now owns 17,215 shares of the company’s stock valued at $1,994,000 after buying an additional 11,239 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Ubiquiti by 88.8% in the second quarter. AQR Capital Management LLC now owns 23,546 shares of the company’s stock valued at $3,372,000 after buying an additional 11,076 shares during the period. 4.00% of the stock is currently owned by institutional investors.

About Ubiquiti

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.