Zacks Research Has Bullish Estimate for Ubiquiti Q3 Earnings

Ubiquiti Inc. (NYSE:UI - Free Report) - Investment analysts at Zacks Research increased their Q3 2027 earnings estimates for shares of Ubiquiti in a note issued to investors on Monday, July 21st. Zacks Research analyst R. Department now expects that the company will post earnings per share of $2.80 for the quarter, up from their previous forecast of $2.66. The consensus estimate for Ubiquiti's current full-year earnings is $7.21 per share.

UI has been the topic of several other reports. Barclays raised their price objective on shares of Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. BWS Financial restated a "buy" rating and set a $440.00 price objective on shares of Ubiquiti in a research report on Friday, July 11th.

Ubiquiti Price Performance

Shares of UI stock traded down $2.00 on Thursday, hitting $445.38. 63,289 shares of the stock traded hands, compared to its average volume of 112,587. The firm has a market cap of $26.94 billion, a price-to-earnings ratio of 49.05 and a beta of 1.34. Ubiquiti has a 52 week low of $156.94 and a 52 week high of $469.98. The firm has a 50 day simple moving average of $407.77 and a two-hundred day simple moving average of $367.29.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were issued a $0.60 dividend. The ex-dividend date was Monday, May 19th. This represents a $2.40 dividend on an annualized basis and a yield of 0.54%. Ubiquiti's dividend payout ratio is currently 26.43%.

Institutional Trading of Ubiquiti

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new position in shares of Ubiquiti in the 1st quarter worth $25,000. Brooklyn Investment Group grew its stake in shares of Ubiquiti by 78.8% in the 1st quarter. Brooklyn Investment Group now owns 93 shares of the company's stock worth $29,000 after buying an additional 41 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Ubiquiti by 484.2% in the 1st quarter. Versant Capital Management Inc now owns 111 shares of the company's stock worth $34,000 after buying an additional 92 shares in the last quarter. Main Street Group LTD purchased a new position in shares of Ubiquiti in the 2nd quarter worth $41,000. Finally, Iron Horse Wealth Management LLC purchased a new position in shares of Ubiquiti during the 2nd quarter worth about $54,000. 4.00% of the stock is currently owned by institutional investors.

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.