Zacks Research Brokers Raise Earnings Estimates for Ubiquiti

Ubiquiti Inc. (NYSE:UI) – Analysts at Zacks Research upped their FY2028 EPS estimates for Ubiquiti in a report issued on Wednesday, September 10th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $14.52 for the year, up from their prior estimate of $14.42. The consensus estimate for Ubiquiti’s current full-year earnings is $7.21 per share.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, August 22nd. The company reported $3.54 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $1.31. Ubiquiti had a net margin of 27.66% and a return on equity of 166.22%. The company had revenue of $759.15 million during the quarter, compared to analysts’ expectations of $618.80 million. During the same quarter in the prior year, the company posted $1.74 earnings per share.

A number of other research firms have also recently issued reports on UI. Barclays raised their price target on shares of Ubiquiti from $247.00 to $299.00 and gave the stock an “underweight” rating in a report on Friday, August 22nd. BWS Financial raised their price target on shares of Ubiquiti from $440.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, August 25th. Finally, UBS Group set a $600.00 price target on shares of Ubiquiti in a report on Monday, August 25th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $499.67.

Ubiquiti Stock Down 1.3%

NYSE:UI opened at $604.69 on Thursday. Ubiquiti has a 52 week low of $201.26 and a 52 week high of $621.09. The firm has a 50 day moving average of $472.18 and a 200 day moving average of $394.26. The stock has a market capitalization of $36.58 billion, a price-to-earnings ratio of 51.38 and a beta of 1.42.

Institutional Trading of Ubiquiti

Several institutional investors have recently modified their holdings of UI. Golden State Wealth Management LLC acquired a new stake in shares of Ubiquiti in the first quarter valued at about $25,000. Brooklyn Investment Group raised its stake in Ubiquiti by 78.8% during the first quarter. Brooklyn Investment Group now owns 93 shares of the company’s stock worth $29,000 after purchasing an additional 41 shares during the period. Versant Capital Management Inc raised its stake in Ubiquiti by 484.2% during the first quarter. Versant Capital Management Inc now owns 111 shares of the company’s stock worth $34,000 after purchasing an additional 92 shares during the period. Cullen Frost Bankers Inc. raised its stake in Ubiquiti by 1,075.0% during the second quarter. Cullen Frost Bankers Inc. now owns 94 shares of the company’s stock worth $39,000 after purchasing an additional 86 shares during the period. Finally, Main Street Group LTD purchased a new position in Ubiquiti during the second quarter worth about $41,000. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Tuesday, September 2nd were given a dividend of $0.80 per share. This is a boost from Ubiquiti’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, September 2nd. Ubiquiti’s dividend payout ratio (DPR) is 27.19%.

Ubiquiti Company Profile

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.