Zacks Research Has Bullish Estimate for Ubiquiti Q2 Earnings

Ubiquiti Inc. (NYSE:UI - Free Report) - Equities researchers at Zacks Research upped their Q2 2027 EPS estimates for shares of Ubiquiti in a note issued to investors on Tuesday, July 8th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $2.85 for the quarter, up from their prior forecast of $2.77. The consensus estimate for Ubiquiti's current full-year earnings is $7.21 per share. Zacks Research also issued estimates for Ubiquiti's Q3 2027 earnings at $2.66 EPS and FY2027 earnings at $10.30 EPS.

UI has been the subject of several other reports. Barclays increased their price objective on Ubiquiti from $222.00 to $247.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. BWS Financial reaffirmed a "buy" rating and issued a $440.00 price target on shares of Ubiquiti in a research note on Friday.

Ubiquiti Trading Up 0.4%

Shares of Ubiquiti stock traded up $1.63 during trading hours on Thursday, reaching $401.25. The stock had a trading volume of 122,715 shares, compared to its average volume of 88,243. The stock's 50 day moving average is $398.31 and its 200 day moving average is $360.31. Ubiquiti has a twelve month low of $153.49 and a twelve month high of $469.98. The firm has a market capitalization of $24.27 billion, a PE ratio of 44.10 and a beta of 1.34.

Ubiquiti Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Monday, May 19th. Ubiquiti's dividend payout ratio (DPR) is 26.43%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in shares of Ubiquiti during the first quarter worth approximately $25,000. Brooklyn Investment Group raised its stake in Ubiquiti by 78.8% in the first quarter. Brooklyn Investment Group now owns 93 shares of the company's stock valued at $29,000 after buying an additional 41 shares in the last quarter. Versant Capital Management Inc raised its stake in Ubiquiti by 484.2% in the first quarter. Versant Capital Management Inc now owns 111 shares of the company's stock valued at $34,000 after buying an additional 92 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after buying an additional 39 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in shares of Ubiquiti by 30.2% in the 4th quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock valued at $56,000 after acquiring an additional 39 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

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.