Ubiquiti (NYSE:UI) Releases Earnings Results

by · The Cerbat Gem

Ubiquiti (NYSE:UI – Get Free Report) issued its earnings results on Friday. The company reported $3.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41), FiscalAI reports. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The company had revenue of $788.20 million during the quarter, compared to analyst estimates of $814.30 million. The firm’s revenue was up 18.7% on a year-over-year basis.

Ubiquiti Stock Performance

Shares of UI traded down $84.44 during midday trading on Friday, hitting $842.26. The company had a trading volume of 255,913 shares, compared to its average volume of 106,668. The company’s 50-day simple moving average is $870.91 and its 200-day simple moving average is $703.44. The firm has a market capitalization of $50.97 billion, a P/E ratio of 57.37 and a beta of 1.46. Ubiquiti has a 1 year low of $362.29 and a 1 year high of $1,099.99.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, May 18th. Ubiquiti’s dividend payout ratio (DPR) is presently 21.80%.

Hedge Funds Weigh In On Ubiquiti

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP purchased a new position in shares of Ubiquiti in the 3rd quarter valued at about $34,000. CIBC Private Wealth Group LLC boosted its stake in shares of Ubiquiti by 238.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock valued at $39,000 after buying an additional 50 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of Ubiquiti by 216.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79 shares of the company’s stock valued at $44,000 after buying an additional 54 shares during the period. Greenline Wealth Management LLC purchased a new position in shares of Ubiquiti in the 4th quarter valued at about $45,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Ubiquiti by 36.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 83 shares of the company’s stock valued at $46,000 after buying an additional 22 shares during the period. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on UI shares. Weiss Ratings raised Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. BWS Financial raised their price objective on Ubiquiti from $720.00 to $980.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Wall Street Zen downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Barclays raised their price objective on Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a research report on Friday, February 6th. Finally, Zacks Research downgraded Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ubiquiti currently has an average rating of “Hold” and a consensus target price of $702.33.

Check Out Our Latest Stock Report on Ubiquiti

Ubiquiti Company Profile

(Get Free Report)

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.

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