Ubiquiti FY2028 EPS Estimate Increased 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) - Stock analysts at Zacks Research increased their FY2028 earnings per share estimates for Ubiquiti in a research note issued on Wednesday, September 10th. Zacks Research analyst Team now expects that the company will post earnings of $14.52 per share for the year, up from their prior estimate of $14.42. The consensus estimate for Ubiquiti's current full-year earnings is $7.21 per share.

UI has been the topic of several other reports. BWS Financial upped their price target on shares of Ubiquiti from $440.00 to $600.00 and gave the company a "buy" rating in a report on Monday, August 25th. UBS Group set a $600.00 price target on Ubiquiti in a report on Monday, August 25th. Finally, Barclays boosted their price target on Ubiquiti from $247.00 to $299.00 and gave the company an "underweight" rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $499.67.

Ubiquiti Stock Up 1.5%

Ubiquiti stock opened at $607.57 on Thursday. Ubiquiti has a 52 week low of $192.10 and a 52 week high of $616.18. The company has a market capitalization of $36.75 billion, a price-to-earnings ratio of 51.62 and a beta of 1.42. The stock has a 50-day moving average price of $464.72 and a 200 day moving average price of $390.28.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings results on Friday, August 22nd. The company reported $3.54 earnings per share for the quarter, topping analysts' consensus estimates of $2.23 by $1.31. Ubiquiti had a return on equity of 166.22% and a net margin of 27.66%.The business had revenue of $759.15 million for the quarter, compared to analyst estimates of $618.80 million. During the same quarter in the previous year, the firm earned $1.74 earnings per share.

Ubiquiti Increases Dividend

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

Institutional Trading of Ubiquiti

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

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.

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