Brokerages Anticipate Ubiquiti Inc. (NYSE:UI) to Post $1.40 EPS

Ubiquiti Inc. (NYSE:UI) has been given an average broker rating score of 3.50 (Sell) from the four brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation, one has assigned a sell recommendation, one has issued a hold recommendation and one has assigned a buy recommendation to the company. Ubiquiti’s rating score has improved by 12.5% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Analysts have set a 12-month consensus target price of $154.00 for the company and are predicting that the company will post $1.40 EPS for the current quarter, according to Zacks. Zacks has also assigned Ubiquiti an industry rank of 64 out of 255 based on the ratings given to related companies.

A number of equities research analysts have issued reports on UI shares. BWS Financial boosted their price target on Ubiquiti from $150.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Barclays increased their price objective on shares of Ubiquiti from $100.00 to $145.00 in a research note on Monday, November 11th. ValuEngine raised shares of Ubiquiti from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Zacks Investment Research lowered shares of Ubiquiti from a “buy” rating to a “hold” rating and set a $135.00 target price for the company. in a research report on Monday, October 28th.

In related news, Director Ronald Sege sold 6,342 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $186.24, for a total value of $1,181,134.08. Following the transaction, the director now directly owns 6,342 shares of the company’s stock, valued at approximately $1,181,134.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 86.67% of the company’s stock.

Several large investors have recently made changes to their positions in UI. Denali Advisors LLC bought a new position in Ubiquiti in the 3rd quarter worth $2,815,000. CLARET ASSET MANAGEMENT Corp purchased a new position in Ubiquiti in the 3rd quarter worth approximately $13,070,000. Valeo Financial Advisors LLC bought a new position in Ubiquiti in the 3rd quarter worth approximately $119,000. Navellier & Associates Inc bought a new position in Ubiquiti in the 3rd quarter worth approximately $4,293,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Ubiquiti during the 3rd quarter valued at approximately $3,282,000. Institutional investors own 12.82% of the company’s stock.

UI stock opened at $196.93 on Friday. The company has a current ratio of 2.64, a quick ratio of 1.57 and a debt-to-equity ratio of 4.68. Ubiquiti has a 1 year low of $92.08 and a 1 year high of $199.91. The stock has a market cap of $12.79 billion, a P/E ratio of 41.55, a P/E/G ratio of 3.63 and a beta of 1.48. The business has a fifty day moving average price of $157.17.

Ubiquiti (NYSE:UI) last posted its quarterly earnings data on Friday, November 8th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.16. Ubiquiti had a return on equity of 841.80% and a net margin of 27.88%. The company had revenue of $323.30 million during the quarter, compared to analysts’ expectations of $307.95 million. During the same quarter in the prior year, the business earned $1.17 earnings per share. Ubiquiti’s revenue for the quarter was up 14.3% compared to the same quarter last year. Sell-side analysts expect that Ubiquiti will post 5.78 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 0.61%. Ubiquiti’s dividend payout ratio (DPR) is 25.32%.

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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