Ubiquiti (NYSE:UI - Get Free Report) issued its quarterly earnings data on Friday. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.12, Zacks reports. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%.
Ubiquiti Stock Performance
Shares of UI traded down $18.81 during mid-day trading on Tuesday, hitting $348.24. 185,117 shares of the company's stock were exchanged, compared to its average volume of 113,419. Ubiquiti has a 52 week low of $104.24 and a 52 week high of $469.98. The stock's 50-day simple moving average is $369.49 and its 200-day simple moving average is $283.43. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 53.91 and a beta of 1.14. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80.
Ubiquiti Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 0.69%. Ubiquiti's dividend payout ratio is presently 32.61%.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Ubiquiti from a "hold" rating to a "buy" rating in a research report on Sunday, November 17th. BWS Financial restated a "buy" rating and set a $440.00 price objective on shares of Ubiquiti in a research report on Monday. Finally, Barclays cut their price objective on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research report on Monday.
Get Our Latest Stock Analysis on UI
About Ubiquiti
(
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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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