Ubiquiti (NYSE:UI) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Ubiquiti (NYSE:UI) announced its earnings results on Friday. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates 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 Price Performance

UI traded down $33.15 during midday trading on Friday, reaching $393.65. 148,968 shares of the company’s stock were exchanged, compared to its average volume of 96,722. The business’s 50-day moving average price is $368.27 and its 200 day moving average price is $278.93. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32. The stock has a market capitalization of $23.80 billion, a PE ratio of 61.55 and a beta of 1.14. Ubiquiti has a 1-year low of $104.24 and a 1-year high of $469.98.

Ubiquiti Dividend Announcement

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 paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.61%. Ubiquiti’s dividend payout ratio (DPR) is 37.15%.

Wall Street Analyst Weigh In

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

About Ubiquiti

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.