Zacks Research Comments on Ubiquiti’s Q1 Earnings (NYSE:UI)

Ubiquiti Inc. (NYSE:UI) – Investment analysts at Zacks Research lifted their Q1 2027 earnings estimates for shares of Ubiquiti in a research note issued on Wednesday, March 12th. Zacks Research analyst R. Department now forecasts that the company will earn $2.45 per share for the quarter, up from their previous estimate of $2.42. The consensus estimate for Ubiquiti’s current full-year earnings is $7.21 per share.

Other research analysts have also recently issued research reports about the stock. StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th. Barclays decreased their target price on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a report on Monday, February 10th. Finally, BWS Financial reissued a “buy” rating and issued a $440.00 price target on shares of Ubiquiti in a research note on Monday, February 10th.

Ubiquiti Stock Up 5.1 %

NYSE:UI opened at $319.31 on Friday. The firm has a market capitalization of $19.32 billion, a P/E ratio of 43.39 and a beta of 1.12. Ubiquiti has a 1-year low of $104.24 and a 1-year high of $469.98. The company’s fifty day moving average price is $363.00 and its 200-day moving average price is $307.01. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same quarter in the previous year, the business earned $1.36 earnings per share.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti’s dividend payout ratio is presently 32.61%.

Insider Buying and Selling at Ubiquiti

In other news, CAO Kevin Radigan sold 1,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the completion of the transaction, the chief accounting officer now owns 2,484 shares in the company, valued at approximately $864,407.16. This represents a 28.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 93.10% of the company’s stock.

Institutional Trading of Ubiquiti

A number of large investors have recently bought and sold shares of UI. Atria Investments Inc purchased a new position in Ubiquiti during the 3rd quarter worth $210,000. Versor Investments LP purchased a new position in shares of Ubiquiti in the 3rd quarter valued at about $244,000. Huntington National Bank increased its holdings in Ubiquiti by 267.6% during the 3rd quarter. Huntington National Bank now owns 125 shares of the company’s stock valued at $28,000 after acquiring an additional 91 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Ubiquiti by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 1,768 shares of the company’s stock valued at $392,000 after acquiring an additional 58 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in Ubiquiti during the 3rd quarter valued at about $323,000. Institutional investors and hedge funds own 4.00% of the company’s stock.

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.