Ubiquiti (NYSE:UI) Announces Quarterly Earnings Results

Ubiquiti (NYSE:UI) announced its quarterly earnings data 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%. During the same period in the prior year, the firm posted $1.36 EPS.

Ubiquiti Trading Down 0.3 %

Shares of NYSE UI opened at $342.28 on Friday. 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 $20.70 billion, a P/E ratio of 52.98 and a beta of 1.14. Ubiquiti has a 1-year low of $104.24 and a 1-year high of $469.98. The business has a fifty day moving average price of $369.46 and a 200 day moving average price of $285.46.

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 paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Tuesday, February 18th. Ubiquiti’s dividend payout ratio (DPR) is currently 37.15%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. StockNews.com raised Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th. BWS Financial reissued a “buy” rating and set a $440.00 price target on shares of Ubiquiti in a research report on Monday, February 10th. Finally, Barclays dropped their price target on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a research report on Monday, February 10th.

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.