Zacks Research Brokers Raise Earnings Estimates for Ubiquiti

Ubiquiti Inc. (NYSE:UI) – Zacks Research upped their Q1 2027 earnings estimates for Ubiquiti in a report released on Wednesday, March 12th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $2.45 for the quarter, up from their prior estimate of $2.42. The consensus estimate for Ubiquiti’s current full-year earnings is $7.21 per share.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same period last year, the business posted $1.36 earnings per share.

UI has been the topic of several other research reports. Barclays cut their price target on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a report on Monday, February 10th. BWS Financial reiterated a “buy” rating and issued a $440.00 price objective on shares of Ubiquiti in a research note on Monday, February 10th. Finally, StockNews.com upgraded shares of Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th.

Ubiquiti Trading Up 5.1 %

Shares of NYSE:UI opened at $319.31 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31. Ubiquiti has a 52-week low of $104.24 and a 52-week high of $469.98. The stock has a market cap of $19.32 billion, a price-to-earnings ratio of 43.39 and a beta of 1.12. The business has a 50-day moving average price of $363.00 and a 200-day moving average price of $307.87.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 0.75%. Ubiquiti’s dividend payout ratio is presently 32.61%.

Insider Transactions at Ubiquiti

In other news, CAO Kevin Radigan sold 1,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total transaction of $347,990.00. Following the sale, the chief accounting officer now directly owns 2,484 shares of the company’s stock, valued at $864,407.16. This represents a 28.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 93.10% of the company’s stock.

Hedge Funds Weigh In On Ubiquiti

Several institutional investors and hedge funds have recently modified their holdings of the business. Woodline Partners LP purchased a new stake in shares of Ubiquiti in the fourth quarter valued at approximately $330,000. Point72 Hong Kong Ltd acquired a new stake in Ubiquiti in the 4th quarter valued at $730,000. Quantinno Capital Management LP increased its holdings in Ubiquiti by 27.5% in the 4th quarter. Quantinno Capital Management LP now owns 4,682 shares of the company’s stock worth $1,554,000 after acquiring an additional 1,011 shares in the last quarter. Man Group plc raised its position in Ubiquiti by 295.7% during the fourth quarter. Man Group plc now owns 22,713 shares of the company’s stock worth $7,539,000 after acquiring an additional 16,973 shares during the period. Finally, Occudo Quantitative Strategies LP purchased a new position in Ubiquiti during the fourth quarter valued at $411,000. Hedge funds and other institutional investors own 4.00% of the company’s stock.

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.