FY2028 EPS Estimates for Ubiquiti Boosted by Zacks Research

Key Points

• Zacks Research has increased Ubiquiti's FY2028 earnings per share estimate to $14.52, up from $14.42, while the current consensus estimate for full-year earnings is $7.21 per share.
• The company's stock recently opened at $607.57, with a 52-week low of $192.10 and a high of $616.18, reflecting a market capitalization of $36.75 billion.
• Ubiquiti has recently increased its quarterly dividend from $0.60 to $0.80 per share, indicating a positive change in shareholder returns.

Ubiquiti Inc. (NYSE:UI - Free Report) - Investment analysts at Zacks Research upped their FY2028 earnings estimates for Ubiquiti in a research note issued to investors on Wednesday, September 10th. Zacks Research analyst Team now forecasts that the company will earn $14.52 per share for the year, up from their previous forecast of $14.42. The consensus estimate for Ubiquiti's current full-year earnings is $7.21 per share.

Ubiquiti (NYSE:UI - Get Free Report) last released its quarterly earnings data on Friday, August 22nd. The company reported $3.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $1.31. Ubiquiti had a net margin of 27.66% and a return on equity of 166.22%. The company had revenue of $759.15 million during the quarter, compared to the consensus estimate of $618.80 million. During the same quarter in the prior year, the firm posted $1.74 earnings per share.

Several other equities research analysts also recently weighed in on the stock. Barclays increased their target price on shares of Ubiquiti from $247.00 to $299.00 and gave the stock an "underweight" rating in a research note on Friday, August 22nd. BWS Financial increased their target price on shares of Ubiquiti from $440.00 to $600.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Finally, UBS Group set a $600.00 target price on shares of Ubiquiti in a research note on Monday, August 25th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ubiquiti presently has a consensus rating of "Hold" and an average price target of $499.67.

Ubiquiti Trading Down 3.3%

Shares of UI traded down $20.19 during mid-day trading on Thursday, hitting $594.30. 109,116 shares of the company's stock were exchanged, compared to its average volume of 118,327. Ubiquiti has a fifty-two week low of $204.15 and a fifty-two week high of $621.09. The firm has a market capitalization of $35.95 billion, a P/E ratio of 50.49 and a beta of 1.42. The business's 50 day moving average is $476.11 and its two-hundred day moving average is $396.97.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Illinois Municipal Retirement Fund purchased a new position in shares of Ubiquiti during the 1st quarter worth approximately $571,000. Maverick Capital Ltd. purchased a new position in shares of Ubiquiti during the 1st quarter worth approximately $1,293,000. Federated Hermes Inc. purchased a new position in shares of Ubiquiti during the 1st quarter worth approximately $404,000. Entropy Technologies LP purchased a new position in shares of Ubiquiti during the 1st quarter worth approximately $327,000. Finally, SW Investment Management LLC increased its stake in shares of Ubiquiti by 7.4% during the 1st quarter. SW Investment Management LLC now owns 290,000 shares of the company's stock worth $89,941,000 after purchasing an additional 20,000 shares in the last quarter. 4.00% of the stock is owned by hedge funds and other institutional investors.

Ubiquiti Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.80 per share. This is a positive change from Ubiquiti's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.5%. Ubiquiti's dividend payout ratio is 27.19%.

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.