Ubiquiti (NYSE:UI) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Ubiquiti (NYSE:UI) posted its earnings results on Friday. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.12, Zacks reports. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%.

Ubiquiti Price Performance

NYSE UI traded down $35.99 during trading on Friday, reaching $390.82. 173,692 shares of the company traded hands, compared to its average volume of 97,737. Ubiquiti has a 1-year low of $104.24 and a 1-year high of $469.98. The company has a market cap of $23.63 billion, a price-to-earnings ratio of 60.96 and a beta of 1.14. The stock’s 50 day moving average price is $368.27 and its two-hundred day moving average price is $278.93. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.32 and a current ratio of 2.54.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.61%. Ubiquiti’s dividend payout ratio (DPR) is presently 37.15%.

Wall Street Analysts Forecast Growth

UI has been the subject of several research analyst reports. StockNews.com raised Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th. Barclays increased their price objective on Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research report on Monday, November 11th. Finally, BWS Financial raised their price objective on shares of Ubiquiti from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th.

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.