Ubiquiti Inc. (NYSE:UI) Declares Dividend of $0.30

Ubiquiti Inc. (NYSE:UI) announced a dividend on Friday, November 8th, Fidelity reports. Shareholders of record on Monday, November 18th will be given a dividend of 0.30 per share on Friday, November 29th. The ex-dividend date is Friday, November 15th.

Ubiquiti stock opened at $176.74 on Friday. The company has a current ratio of 4.21, a quick ratio of 2.73 and a debt-to-equity ratio of 4.68. Ubiquiti has a 12 month low of $92.08 and a 12 month high of $177.65. The stock has a 50 day moving average of $123.11. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 2.49 and a beta of 1.24.

Ubiquiti (NYSE:UI) last released its quarterly earnings data on Friday, November 8th. The company reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.16. Ubiquiti had a return on equity of 206.17% and a net margin of 27.78%. The business had revenue of $323.30 million for the quarter, compared to analyst estimates of $307.95 million. During the same quarter in the prior year, the firm posted $1.17 EPS. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Ubiquiti will post 5.52 earnings per share for the current fiscal year.

Several equities research analysts have commented on UI shares. Zacks Investment Research lowered Ubiquiti from a “buy” rating to a “hold” rating and set a $135.00 price objective on the stock. in a research report on Monday, October 28th. BWS Financial started coverage on Ubiquiti in a research report on Wednesday, October 9th. They issued a “buy” rating on the stock. Finally, ValuEngine lowered Ubiquiti from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers worldwide. It 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 enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.

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