Zacks Research Weighs in on Ubiquiti Inc.’s FY2027 Earnings (NYSE:UI)

Ubiquiti Inc. (NYSE:UI) – Equities researchers at Zacks Research upped their FY2027 earnings estimates for Ubiquiti in a note issued to investors on Wednesday, October 9th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $8.20 per share for the year, up from their previous forecast of $8.19. The consensus estimate for Ubiquiti’s current full-year earnings is $7.09 per share.

A number of other brokerages have also issued reports on UI. BWS Financial boosted their target price on shares of Ubiquiti from $160.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Barclays decreased their price objective on Ubiquiti from $108.00 to $104.00 and set an “underweight” rating for the company in a report on Tuesday, August 27th. Finally, StockNews.com downgraded Ubiquiti from a “buy” rating to a “hold” rating in a report on Tuesday, September 3rd.

Ubiquiti Trading Up 2.6 %

Ubiquiti stock opened at $241.94 on Monday. The stock has a market cap of $14.63 billion, a P/E ratio of 41.79 and a beta of 1.16. The company has a debt-to-equity ratio of 7.05, a current ratio of 3.22 and a quick ratio of 1.59. Ubiquiti has a 1 year low of $103.00 and a 1 year high of $243.23. The firm’s 50 day moving average price is $201.18 and its 200-day moving average price is $160.75.

Ubiquiti (NYSE:UI) last issued its quarterly earnings results on Friday, August 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.17). The business had revenue of $507.50 million for the quarter, compared to analysts’ expectations of $538.23 million. Ubiquiti had a net margin of 18.15% and a return on equity of 3,321.33%. Ubiquiti’s quarterly revenue was up 3.3% on a year-over-year basis.

Hedge Funds Weigh In On Ubiquiti

A number of institutional investors and hedge funds have recently made changes to their positions in UI. Millennium Management LLC raised its stake in shares of Ubiquiti by 86.2% during the second quarter. Millennium Management LLC now owns 58,349 shares of the company’s stock worth $8,499,000 after purchasing an additional 27,011 shares during the last quarter. SW Investment Management LLC raised its position in shares of Ubiquiti by 9.1% in the second quarter. SW Investment Management LLC now owns 300,000 shares of the company’s stock valued at $43,698,000 after buying an additional 25,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Ubiquiti by 24.1% during the first quarter. Vanguard Group Inc. now owns 97,817 shares of the company’s stock worth $11,332,000 after purchasing an additional 18,986 shares during the last quarter. Capstone Investment Advisors LLC grew its holdings in Ubiquiti by 188.1% in the 1st quarter. Capstone Investment Advisors LLC now owns 17,215 shares of the company’s stock valued at $1,994,000 after buying an additional 11,239 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Ubiquiti by 88.8% in the 2nd quarter. AQR Capital Management LLC now owns 23,546 shares of the company’s stock valued at $3,372,000 after buying an additional 11,076 shares during the period. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Tuesday, September 3rd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Tuesday, September 3rd. Ubiquiti’s dividend payout ratio is currently 41.45%.

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.