Ubiquiti (NYSE:UI) Announces Earnings Results

Ubiquiti (NYSE:UI) released its earnings results on Friday. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.14 by $0.12, Zacks reports. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%.

Ubiquiti Trading Down 8.4 %

NYSE:UI traded down $35.99 during mid-day trading on Friday, hitting $390.82. The company had a trading volume of 173,692 shares, compared to its average volume of 97,737. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.32 and a current ratio of 2.54. Ubiquiti has a fifty-two week low of $104.24 and a fifty-two week high of $469.98. The firm has a market cap of $23.63 billion, a P/E ratio of 60.96 and a beta of 1.14. The business’s fifty day moving average is $368.27 and its two-hundred day moving average is $278.93.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.61%. Ubiquiti’s dividend payout ratio is presently 37.15%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays lifted their price objective on Ubiquiti from $104.00 to $236.00 and gave the stock an “underweight” rating in a research report on Monday, November 11th. BWS Financial lifted their price target on shares of Ubiquiti from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th.

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.